---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-119866"
form_type: "8-K"
ticker: "FRMM"
cik: "0001690080"
company_name: "FORUM MARKETS Inc"
filed_at: "2025-12-10T23:59:59+00:00"
generated_at: "2026-05-16T13:38:58.402726+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# ETHZilla acquires 15% stake in Zippy for $21.1M to tokenize manufactured home loans

## Summary
- ETHZilla paid $5M cash + $14M common stock to Zippy + $2.1M stock to Zippy shareholders for 15% fully-diluted stake.
- Deal aims to bring manufactured home loans on-chain as tokenized real-world assets, targeting $14B market.
- ETHZilla to appoint a director to Zippy's board; Zippy must use Liquidity.io and Satschel platforms exclusively for 36 months.
- Partnership extends ETHZilla’s RWA strategy into residential lending; prior investments include Liquidity.io and Karus.

## SEC filing metadata
- accession: 0001213900-25-119866
- form_type: 8-K
- ticker: FRMM
- cik: 0001690080
- company_name: FORUM MARKETS Inc
- filed_at: 2025-12-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1690080/000121390025119866/0001213900-25-119866-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1690080/000121390025119866/ea0269097-8k_ethzilla.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-119866
- JSON: https://secwatch.observer/filing/0001213900-25-119866.json
- Plain text: https://secwatch.observer/filing/0001213900-25-119866.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.