secwatch / observer
8-K filed December 3, 2025, 6:59 PM ET ticker FRMM CIK 0001690080
M&A confidence high sentiment positive materiality 0.75

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

FORUM MARKETS Inc

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

FORUM MARKETS Inc entered into Karus Stock Purchase Agreements with certain stockholders of Karus valued at 181,488 shares of common stock valued at $2 million for 310,945 shares of Karus common stock and 44, (effective 2025-12-02).

Action
entry
Agreement
equity purchase
Counterparty
certain stockholders of Karus
Value
181,488 shares of common stock valued at $2 million for 310,945 shares of Karus common stock and 44,
Effective
2025-12-02
Exact text from the filing
On December 2, 2025, ETHZilla Corporation (the “ Company ”, “ we ” and “ us ”), entered into (i) a Purchase and Subscription Agreement (the “ Karus Purchase Agreement ”) with Karus Inc., a Delaware corporation (“ Karus ”), (ii) separate Stock Purchase Agreements (the “ Karus Stock Purchase Agreements ”) with certain stockholders of Karus (the “ Karus Stockholders ”); and (iii) a Series A Preferred Stock Rights Agreement with Karus and certain significant stockholders of Karus (the “ Key Holders ”, and the “ Karus Rights Agreement ”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

FORUM MARKETS Inc entered into Karus Purchase Agreement with Karus Inc. valued at $3 million cash and 453,721 shares of common stock valued at $5 million for 1,421,464 shares of Karu (effective 2025-12-02).

Action
entry
Agreement
equity purchase
Counterparty
Karus Inc.
Value
$3 million cash and 453,721 shares of common stock valued at $5 million for 1,421,464 shares of Karu
Effective
2025-12-02
Exact text from the filing
On December 2, 2025, ETHZilla Corporation (the “ Company ”, “ we ” and “ us ”), entered into (i) a Purchase and Subscription Agreement (the “ Karus Purchase Agreement ”) with Karus Inc., a Delaware corporation (“ Karus ”), (ii) separate Stock Purchase Agreements (the “ Karus Stock Purchase Agreements ”) with certain stockholders of Karus (the “ Karus Stockholders ”); and (iii) a Series A Preferred Stock Rights Agreement with Karus and certain significant stockholders of Karus (the “ Key Holders ”, and the “ Karus Rights Agreement ”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

FORUM MARKETS Inc entered into Karus Series A Preferred Stock Rights Agreement with Karus and certain significant stockholders of Karus valued at Sets forth rights of Karus Series A Preferred Stock including liquidation preference, conversion rig (effective 2025-12-02).

Action
entry
Agreement
equity purchase
Counterparty
Karus and certain significant stockholders of Karus
Value
Sets forth rights of Karus Series A Preferred Stock including liquidation preference, conversion rig
Effective
2025-12-02
Exact text from the filing
On December 2, 2025, ETHZilla Corporation (the “ Company ”, “ we ” and “ us ”), entered into (i) a Purchase and Subscription Agreement (the “ Karus Purchase Agreement ”) with Karus Inc., a Delaware corporation (“ Karus ”), (ii) separate Stock Purchase Agreements (the “ Karus Stock Purchase Agreements ”) with certain stockholders of Karus (the “ Karus Stockholders ”); and (iii) a Series A Preferred Stock Rights Agreement with Karus and certain significant stockholders of Karus (the “ Key Holders ”, and the “ Karus Rights Agreement ”).
View on SEC.gov

273 material agreements filed in the last 30 days. Browse all material agreements →

FORUM MARKETS Inc filing history →

Source: SEC EDGAR
accession 0001213900-25-117578
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