Forum Markets (Nasdaq: FRMM) details $24M share repurchase
Rhea-AI Filing Summary
Forum Markets, Incorporated provided an update on its share repurchase program, which was reinitiated effective April 15, 2026. Since then, the company has repurchased and cancelled approximately 5,647,351 shares of common stock at an average price of about $4.26 per share, for a total cost of roughly $24.1 million funded with existing cash.
All repurchased shares have been retired and are no longer outstanding, leaving about 14,649,582 shares of common stock issued and outstanding as of April 28, 2026. The company states that additional repurchases may continue through open market purchases, privately negotiated transactions, or other methods, subject to law, market conditions, and its financial position.
Positive
- Material share reduction via cash-funded buyback: Forum repurchased and cancelled roughly 5,647,351 shares at an average price of about $4.26, spending approximately $24.1 million of existing cash and reducing shares outstanding to about 14,649,582 as of April 28, 2026.
Negative
- None.
Insights
Forum executes a sizable cash-funded buyback, materially shrinking its share count.
Forum Markets reports that, after reinitiating its share repurchase program on April 15, 2026, it has already bought back and cancelled about 5.65 million shares at an average price near $4.26. The total cash outlay is roughly $24.07 million, taken from existing cash.
Post-transaction, the company has around 14.65 million shares outstanding as of April 28, 2026, indicating a meaningful reduction in its equity base. Retiring the shares concentrates future earnings and ownership among remaining holders, while reducing cash on the balance sheet.
Future activity under the repurchase program will depend on factors the Board cites, including market conditions, applicable law, and the company’s financial position. Subsequent updates in company communications may clarify the long-term scale and pacing of additional repurchases.
8-K Event Classification
Key Figures
Key Terms
digital asset platform financial
tokenization of real-world assets financial
open market purchases financial
privately negotiated transactions financial
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Item 7.01. Regulation FD Disclosure.
On April 29, 2026, Forum Markets, Incorporated issued a press release providing an update on its share repurchase program. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The information in this Item 7.01, including Exhibit 99.1 attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Exhibit | |
| 99.1 | Press Release, dated April 29, 2026. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
1
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| FORUM MARKETS, INCORPORATED | ||
| Date: April 29, 2026 | By: | /s/ McAndrew Rudisill |
| Name: | McAndrew Rudisill | |
| Title: | Chief Executive Officer |
2
Exhibit 99.1
FORUM PROVIDES UPDATE ON SHARE REPURCHASE PROGRAM
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.
Media and Investor Contact:
John Kristoff
SVP, Corporate Communications and IR
IR@forum-markets.com
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