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8-K filed December 10, 2025, 6:59 PM ET ticker FRMM CIK 0001690080
M&A confidence high sentiment positive materiality 0.85

FORUM MARKETS Inc (FRMM): M&A transaction — ETHZilla acquires 15% stake in Zippy for $19M (cash + stock); tokenization and board rights

FORUM MARKETS Inc

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

FORUM MARKETS Inc issued 2,905,064 shares of its Series B-3 Preferred Stock of preferred stock to Zippy, Inc. for $5 million in cash; and 1,333,332 shares of our common stock with an agreed value of approximately $14 million, based on a price per share of $10.50.

Security
preferred stock
Shares
2,905,064 shares of its Series B-3 Preferred Stock
Purchaser
Zippy, Inc.
Consideration
$5 million in cash; and 1,333,332 shares of our common stock with an agreed value of approximately $14 million, based on a price per share of $10.50
Exact text from the filing
Pursuant to the Zippy Purchase Agreement, Zippy sold us 2,905,064 shares of its Series B-3 Preferred Stock (the “ Zippy Series B-3 Shares ”) representing 13.492% of Zippy’s fully-diluted capitalization in consideration for (a) $5 million in cash; and (b) 1,333,332 shares of our common stock (the “ Zippy Shares ”) with an agreed value of approximately $14 million, based on a price per share of $10.50 (the “ Per-Share Price ”).
View on SEC.gov
M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

FORUM MARKETS Inc completed an acquisition involving Zippy, Inc. (closed 2025-12-09).

Action
acquisition
Counterparty
Zippy, Inc.
Closing
2025-12-09
Exact text from the filing
The Zippy Securities were acquired on December 9, 2025, upon the Closing, as discussed in greater detail in Item 1.01, above
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

FORUM MARKETS Inc entered into Zippy Purchase Agreement with Zippy, Inc. valued at $5 million in cash and 1,333,332 shares of common stock with an agreed value of approximately $14 mi (effective 2025-12-09).

Action
entry
Agreement
equity purchase
Counterparty
Zippy, Inc.
Value
$5 million in cash and 1,333,332 shares of common stock with an agreed value of approximately $14 mi
Effective
2025-12-09
Exact text from the filing
Item 1.01 Entry into a Material Definitive Agreement. On December 9, 2025, ETHZilla Corporation (the “ Company ”, “ we ” and “ us ”), entered into (i) a Series B-3 Preferred Stock Purchase Agreement (the “ Zippy Purchase Agreement ”) with Zippy, Inc., a Delaware corporation (“ Zippy ”); (ii) separate Stock Purchase Agreements (the “ Zippy Stock Purchase Agreements ”) with certain stockholders of Zippy (the “ Zippy Stockholders ”); (iii) a Registration Rights Agreement with Zippy and the Zippy Stockholders (the “ Registration Rights Agreement ”); (iv) a Third Amended and Restated Investors’ Rights Agreement with Zippy and certain significant investors and stockholders of Zippy (the “ Major Holders ” and the “ Zippy Rights Agreement ”); (v) a Third Amended and Restated Right of First Refusal and Co-Sale Agreement with Zippy and the Major Holders (the “ Zippy ROFR Agreement ”); and (vi) a Third Amended and Restated Voting Agreement with Zippy and the Major Holders (the “ Zippy Voting Agre
View on SEC.gov

27 equity issuances filed in the last 30 days. Browse all equity issuances →

FORUM MARKETS Inc filing history →

Source: SEC EDGAR
accession 0001213900-25-120107
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