---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-122304"
form_type: "8-K"
ticker: "FRMM"
cik: "0001690080"
company_name: "FORUM MARKETS Inc"
filed_at: "2025-12-16T23:59:59+00:00"
generated_at: "2026-05-16T13:04:21.353212+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ETHZ stockholders approve convertible note issuance; company plans to redeem notes by Dec 30

## Summary
- Stockholders voted 9.1M for, 3.6M against to approve issuance of shares underlying convertible notes without exchange cap.
- Approval allows conversion of notes into up to 125.1M shares at $3.05/share, subject to redemption.
- On Dec 9, 2025, company entered Note Mandatory Redemption Agreement to repurchase notes by Dec 30.
- If redeemed, the massive dilution from conversion (potential 7.8x current shares) will be avoided.

## SEC filing metadata
- accession: 0001213900-25-122304
- form_type: 8-K
- ticker: FRMM
- cik: 0001690080
- company_name: FORUM MARKETS Inc
- filed_at: 2025-12-16T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.07, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1690080/000121390025122304/0001213900-25-122304-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1690080/000121390025122304/ea0269954-8k_ethzilla.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-122304
- JSON: https://secwatch.observer/filing/0001213900-25-122304.json
- Plain text: https://secwatch.observer/filing/0001213900-25-122304.txt

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