m_and_a
confidence high
sentiment neutral
materiality 0.60
ETHZilla acquires two CFM56-7B24 aircraft engines for $12.2M from Avean Engine Solutions
FORUM MARKETS Inc
- Acquired two CFM56-7B24 aircraft engines for $12.2M cash from Avean Engine Solutions, LLC.
- Engines currently under lease with a major airline; leases assigned to ETHZilla.
- Entered Servicing Agreement with Aero Engine Solutions to manage engines for a monthly fee.
- Put/call options: ETHZilla can require Servicer to buy each engine for $3M; Servicer can require ETHZilla to sell for $3M.
- Economic closing date backdated to September 30, 2025; actual closing January 17, 2026.
item 2.01item 9.01