FORUM PROVIDES UPDATE ON SHARE REPURCHASE PROGRAM

Rhea-AI Summary

Forum Markets (Nasdaq: FRMM) reinitiated its share repurchase program effective April 15, 2026 and announced it April 17, 2026. Since reinitiation the company repurchased and cancelled approximately 5,647,351 shares at an average price of $4.26, totaling about $24,065,613 funded with existing cash. After cancellations, Forum reports approximately 14,649,582 shares issued and outstanding as of April 28, 2026. The company may continue repurchases subject to law, market conditions, financial position, and Board discretion.

Positive

• 5,647,351 shares repurchased and cancelled
• Buybacks funded with existing cash (no new financing)
• Outstanding shares reported at 14,649,582 as of April 28, 2026

Negative

• Cash outflow of approximately $24,065,613 from existing cash
• Future repurchases are conditional on market, legal, and financial factors

News Market Reaction – FRMM

+0.78%

11 alerts

+0.78% News Effect

-12.6% Trough in 5 hr 10 min

+$844K Valuation Impact

$109.08M Market Cap

0.1x Rel. Volume

On the day this news was published, FRMM gained 0.78%, reflecting a mild positive market reaction. Argus tracked a trough of -12.6% from its starting point during tracking. Our momentum scanner triggered 11 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $844K to the company's valuation, bringing the market cap to $109.08M at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Shares repurchased: 5,647,351 shares Average repurchase price: $4.26 per share Total buyback spend: $24,065,613 +3 more

6 metrics

Shares repurchased 5,647,351 shares Aggregate common shares repurchased and cancelled since April 15, 2026

Average repurchase price $4.26 per share Average price paid for repurchases, inclusive of fees

Total buyback spend $24,065,613 Aggregate cost of repurchased shares funded with existing cash

Shares outstanding 14,649,582 shares Common shares issued and outstanding as of April 28, 2026

Program reinitiation date April 15, 2026 Effective date when share repurchase program was reinitiated

Public announcement date April 17, 2026 Date repurchase program reinitiation was publicly announced

Market Reality Check

Price: $5.18 Vol: Volume 792,812 is below 2...

low vol

$5.18 Last Close

Volume Volume 792,812 is below 20-day average of 3,105,025, suggesting muted pre-news activity. low

Technical Price at $5.14 is trading above the 200-day MA $3.07, indicating a prior uptrend.

Peers on Argus

FRMM showed a -5.17% pre-news move with no peers flagged in momentum scanners, p...

FRMM showed a -5.17% pre-news move with no peers flagged in momentum scanners, pointing to stock-specific dynamics.

Previous Buybacks Reports

1 past event · Latest: Apr 17 (Positive)

Same Type Pattern 1 events

Date	Event	Sentiment	Move	Catalyst
Apr 17	Buyback & review	Positive	+81.0%	Board reinitiated buyback and formed Special Committee for strategic options.

Pattern Detected

The only prior buyback-related headline coincided with a very strong positive price reaction.

Recent Company History

In the last months, Forum Markets reported sizable 2025 losses alongside growth plans and later gained attention from analyst coverage and conferences. On April 17, 2026, the Board reinitiated a share repurchase program and formed a Special Committee to evaluate strategic proposals, which saw a +81.01% move. Today’s update quantifies execution of that buyback, following through on the earlier authorization.

Historical Comparison

+81.0% avg move · The prior buyback announcement on Apr 17, 2026 drove an average move of +81.01%. Today’s update refl...

buybacks

+81.0%

Average Historical Move buybacks

The prior buyback announcement on Apr 17, 2026 drove an average move of +81.01%. Today’s update reflects concrete execution under that same program.

This update follows the April 17, 2026 decision to reinitiate buybacks and evaluate strategic alternatives.

Market Pulse Summary

This announcement details concrete execution under Forum’s reinitiated buyback program, retiring ove...

Analysis

This announcement details concrete execution under Forum’s reinitiated buyback program, retiring over 5.6M shares at about $4.26 per share for roughly $24.1M. Shares outstanding fell to about 14.6M as of April 28, 2026. Compared with the initial April 17, 2026 authorization that drove a sharp move, this update focuses on follow-through. Investors may watch remaining cash resources and any further Board decisions on strategic alternatives.

Key Terms

share repurchase program, tokenization, digital asset

3 terms

share repurchase program financial

"today provided an update on the status of its share repurchase program"

A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.

tokenization technical

"modernizing capital markets through the tokenization of real-world assets"

Tokenization is the process of converting real-world assets or rights into digital tokens stored on a computer network. This allows assets, such as property or investments, to be divided into smaller parts, making them easier to buy, sell, or transfer electronically. For investors, tokenization can increase access to a wider range of investments and make transactions faster and more efficient.

digital asset technical

"a digital asset platform modernizing capital markets"

A digital asset is a representation of value or rights that exists only in electronic form—like digital versions of cash, stocks, or collectibles kept in a virtual wallet. They are transferred and recorded using computer systems that make copying or tampering difficult, and can include currencies, tokenized shares, or unique digital items. Investors care because digital assets can offer new ways to diversify, trade and raise capital, but they also bring different risks around price swings, custody and regulation.

AI-generated analysis. Not financial advice.

PALM BEACH, Fla., April 29, 2026 /PRNewswire/ -- Forum Markets, Incorporated (Nasdaq: FRMM) ("Forum" or the "Company"), a digital asset platform modernizing capital markets through the tokenization of real-world assets, today provided an update on the status of its share repurchase program, which was reinitiated effective April 15, 2026, and announced publicly on April 17, 2026.

Repurchase Activity to Date

Since the reinitiation of the program, the Company has repurchased and cancelled an aggregate of approximately 5,647,351 shares of its common stock at an average price of approximately $4.26 per share inclusive of fees, for a total aggregate cost of approximately $24,065,613 funded with existing cash on the Company's balance sheet. All shares repurchased under the program have been retired and cancelled and are no longer outstanding. Following these repurchases, the Company has approximately 14,649,582 shares of common stock issued and outstanding as of April 28, 2026.

Ongoing repurchases may be made from time to time through open market purchases, privately negotiated transactions, or otherwise, subject to applicable law, market conditions, the Company's financial position, and other factors the Board deems relevant.

About Forum

Forum Markets, Incorporated (Nasdaq: FRMM) is a digital asset platform modernizing capital markets through the tokenization of institutional-grade real-world assets. The company structures and brings cash-generating assets onto blockchain-based infrastructure to unlock liquidity, broaden investor access, and enable more efficient primary issuance and secondary market activity. Forum integrates traditional asset management principles with scalable digital market architecture as it builds a new framework for how alternative assets are originated, accessed, and traded. For more information, visit www.forum-markets.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/forum-provides-update-on-share-repurchase-program-302756806.html

SOURCE Forum Markets, Incorporated

FAQ

How many shares did Forum Markets (FRMM) repurchase in the April 2026 program update?

Forum repurchased and cancelled approximately 5,647,351 shares. According to Forum, those shares were retired and are no longer outstanding as of April 28, 2026.

What was the average price paid per share in Forum Markets (FRMM) repurchases announced April 29, 2026?

The average price paid was approximately $4.26 per share. According to Forum, that average is inclusive of transaction fees across the repurchases to date.

How much did Forum Markets (FRMM) spend on the repurchase program as of April 28, 2026?

Forum spent about $24,065,613 on repurchases to date. According to Forum, that total was funded from existing cash on the company's balance sheet.

What is Forum Markets' (FRMM) outstanding share count after the April 2026 buybacks?

Forum reports approximately 14,649,582 shares issued and outstanding as of April 28, 2026. According to Forum, all repurchased shares have been retired and cancelled.

Will Forum Markets (FRMM) continue repurchasing shares after April 28, 2026?

Ongoing repurchases may occur from time to time but are subject to law, market conditions, and Board discretion. According to Forum, future activity depends on the company's financial position and other factors the Board deems relevant.