ETHZilla agrees to redeem $516M in convertible notes at 117% of principal by Dec 30, 2025

FORUM MARKETS Inc

Redemption price is 117% of ~$516M aggregate principal plus accrued interest and other amounts.
Cash collateral of ~$509M and 11,375 ETH ($37.8M as of Dec 9, 2025) back the notes.
Partial payment due Dec 24, 2025; full payoff by Dec 30, 2025; notes cancelled upon payment.
CEO says redemption strengthens balance sheet and supports tokenization strategy (Karus, Zippy).
Company may use ETH liquidation or balance sheet assets to fund the remaining payment.

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