ETHZilla acquires 15% stake in Zippy for $19M (cash + stock); tokenization and board rights

FORUM MARKETS Inc

Paid $5M cash + 1,333,332 shares of ETHZ common valued at $10.50/share ($14M) for 2,905,064 Series B-3 Preferred shares of Zippy.
Additional 324,728 Zippy common shares from stockholders for 202,268 ETHZ shares; total stake 15% fully diluted.
ETHZ gets one board seat, protective provisions, and exclusive rights to tokenize up to 20% of Zippy's chattel mortgage loans on ETHZ platforms.
Zippy shares are subject to lockup with quarterly releases; true-up payment based on ETHZ stock price by June 30, 2026.
Closing occurred Dec 9, 2025; registration rights require ETHZ to file a resale S-1 within 30 days or face liquidated damages.

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