FORUM MARKETS Inc (FRMM): M&A transaction — 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.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

FORUM MARKETS Inc completed an acquisition involving Avean Engine Solutions, LLC, an affiliate of Aero Engine Solutions, Inc. for $12.2 million (closed 2026-01-17).

Action: acquisition
Counterparty: Avean Engine Solutions, LLC, an affiliate of Aero Engine Solutions, Inc.
Consideration: $12.2 million
Closing: 2026-01-17

Exact text from the filing

Solutions, Inc., pursuant to the terms of an Engine Sale and Purchase Agreement dated January 12, 2026 (the “Purchase Agreement”). The Engines were acquired for an aggregate of $12.2 million, which was payable in cash, less certain deposits previously paid, and subject to adjustments which provided for the economic closing date to be September 30, 2025. The Engines

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Source: SEC EDGAR

accession 0001213900-26-006924

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