ETHZilla acquires 20% stake in Karus for $10M; plans AI-driven auto loan tokenization

FORUM MARKETS Inc

Consideration: $3M cash + $7M in ETHZ common stock (453,721 + 181,488 shares) for 20% fully-diluted interest in Karus.
Karus AI platform trained on 20M+ auto loan outcomes; already processed $5B in loan volume.
First tokenized auto loan portfolios expected to launch in early 2026 via Liquidity.io.
For every $100M deployed in Karus token, ETHZilla expects $9-12M adjusted EBITDA.
ETHZilla to appoint a director to Karus board; shares subject to 3-6 month lock-ups.

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