---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-126699"
form_type: "8-K"
ticker: "FRMM"
cik: "0001690080"
company_name: "FORUM MARKETS Inc"
filed_at: "2025-12-30T23:59:59+00:00"
generated_at: "2026-05-16T12:00:11.342141+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# ETHZilla redeems $516M principal of convertible notes at 117% premium on Dec 30, 2025

## Summary
- Redeemed all $516,148,000 principal of convertible notes at 117% (plus $87.7M premium and $1.8M accrued interest).
- Convertible notes were secured by approx. $509M cash and 11,374.89 ETH held in restricted accounts.
- August 2025 SPA and September 2025 amendment agreements terminated as a result of the redemption.
- No material early termination penalties incurred; redemption was mandatory per Dec 9, 2025 Redemption Agreement.

## SEC filing metadata
- accession: 0001213900-25-126699
- form_type: 8-K
- ticker: FRMM
- cik: 0001690080
- company_name: FORUM MARKETS Inc
- filed_at: 2025-12-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1690080/000121390025126699/0001213900-25-126699-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1690080/000121390025126699/ea0271364-8k_ethzilla.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-126699
- JSON: https://secwatch.observer/filing/0001213900-25-126699.json
- Plain text: https://secwatch.observer/filing/0001213900-25-126699.txt

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