secwatch.observer — SEC 8-K summary
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Issuer:     FORUM MARKETS Inc (FRMM)
CIK:        0001690080
Form:       8-K
Filed at:   2025-11-14T23:59:59+00:00
Accession:  0001213900-25-110370
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ETHZilla Q3 revenue $4.1M from staking; John Saunders named CFO
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- Revenue $4.1M from ETH staking and incentives; adjusted EBITDA $8.5M; net loss $208.7M from non-cash items.
- Raised ~$931M institutional capital via PIPE and convertible notes; deployed ~$257M into liquid restaking protocols.
- Appointed John Saunders as CFO effective after Q3 10-Q filing; Eric Van Lent steps down as principal accounting officer.
- Repurchased 2.1M shares for $46.3M under $250M authorization through Nov 13.
- Guidance: positive adjusted EBITDA in Q4; RWA tokenization revenue expected in coming weeks; L2 yield 3.5%-4.5%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1690080/000121390025110370/0001213900-25-110370-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1690080/000121390025110370/ea0265689-8k_ethzilla.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-110370

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer