Welcome to our dedicated page for ETHZilla Corporation SEC filings (Ticker: ETHZ), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Forum Markets, Incorporated filings document the regulatory record of a Nasdaq-listed operating company that was formerly ETHZilla Corporation and 180 Life Sciences Corp. The filings cover common stock registration details, material-event reports, earnings releases, Regulation FD disclosures, and capital-structure changes, including the elimination of Series B Convertible Preferred Stock designations.
Its SEC record also includes disclosure on share repurchase activity, at-the-market equity sales arrangements, Form S-3 registration references, equity compensation awards under the 2025 Omnibus Incentive Plan, board and governance matters, risk factors, and a Form 12b-25 notice related to the timing of the annual report.
Forum Markets, Incorporated filed Post-Effective Amendment No. 2 to its Form S-3 to convert the registration statement to a non-automatic shelf submission and to register for resale up to 3,559,188 PIPE Shares, 1,555,573 Pre-Funded Warrant Shares, and 5,464,328 Strategic Advisor Warrant Shares (a total of 10,579,089 shares). The amendment states no additional securities are being registered and that the company will not receive proceeds from resales, although it would receive proceeds if warrants are exercised in cash.
Forum Markets, Incorporated, formerly ETHZilla and 180 Life Sciences, has transformed from biotech and iGaming into a financial technology company focused on tokenizing real-world assets (RWAs) on Ethereum-based infrastructure.
The company now centers on originating and financing income-generating assets, then issuing tokenized securities that may trade on platforms such as Liquidity.io, where it holds a 15% fully‑diluted stake in the parent. This strategy depends heavily on large ETH holdings, staking and DeFi deployment, and carries significant regulatory, custody, volatility and investment company status risks. As of December 31, 2025, roughly 79% of assets were tied to ETH and related digital holdings.
Forum Markets, Incorporated (f/k/a ETHZilla Corporation) files a Post-Effective Amendment No.1 to its Form S-3 to update its resale prospectus registering up to 3,559,188 PIPE Shares, 1,555,573 Pre-Funded Warrant Shares, and 5,464,328 Strategic Advisor Warrant Shares for resale by the Selling Stockholders.
The amendment reflects that the company will no longer be a "well-known seasoned issuer," updates the selling stockholders and registered shares, and confirms no additional securities are being registered. The prospectus states the company will not receive proceeds from resale transactions but would receive up to $1,556 if Pre-Funded Warrants are exercised and up to $157,712,706 if Strategic Advisor Warrants are exercised; any received proceeds are intended for general working capital.
Forum Markets, Incorporated reported its first meaningful revenue as a digital asset and real‑world asset tokenization platform, generating GAAP revenue of $2.4 million in Q4 2025 and $6.5 million for full year 2025. Despite this ramp, heavy operating and non‑cash items drove a full‑year net loss from continuing operations of $443.5 million, or $(54.32) per basic share, and an Adjusted EBITDA loss of $218.5 million. The balance sheet expanded sharply, with total assets of $306.3 million at year‑end, including $61.6 million of digital assets and $181.0 million of staking receivables, against total liabilities of $66.9 million. Management highlighted 2025 as a foundation‑building year and issued 2026 revenue guidance of $18–$26 million and a 2027 AUM target of $300–$400 million, aiming to move toward positive cash flow in 2027 as yield, tokenization fees, and asset management economics develop.
Forum Markets, Incorporated entered into a new five-year Master Loan Purchase Agreement and Master Loan Servicing Agreement with Zippy Loans through its subsidiary ETHZilla Modular Mortgage LLC. The program allows ongoing purchases of manufactured home chattel loan receivables originated by Zippy Loans up to an aggregate commitment of $150,000,000.
The parties also executed an initial Purchase Commitment from March 23, 2026 through June 30, 2026 with a commitment amount of up to $15,000,000. On the same date, Forum Markets acquired 31 manufactured home chattel loans for a total purchase price of $1,436,710.67, funded with cash on hand.
Zippy Loans will service the loans under a fee structure based on the aggregate outstanding loan balance and FICO-score tiers, with minimum monthly fees. The company views this as an acquisition of assets rather than a business, so no additional financial statements or pro forma information are required.
Forum Markets, Incorporated entered into a $10,000,000 revolving warehouse facility through its subsidiary ETHZilla Auto Loans LLC to finance first-lien auto loan receivables originated via the Automatic USA platform, which uses Karus' AI-driven credit analytics.
The 12-month facility, automatically renewable for six-month periods, is secured by the financed receivables and related collateral and is structured around a borrowing base. Separately, since February 4, 2026, Forum has sold 4,200 ETH at an average price of $1,938.78 per ETH for total proceeds of $8,147,074 and now holds 61,650 ETH on its balance sheet, while continuing to evaluate ETH sales and equity offerings to fund its tokenization-focused business plan.
Forum Markets, Incorporated, formerly ETHZilla Corporation, has formally changed its corporate name and brand as part of its strategic evolution into a digital asset platform focused on tokenizing institutional-grade real-world assets on Ethereum.
The name change became effective on February 25, 2026, with the Nasdaq ticker expected to switch from ETHZ to FRMM at the market open on March 2, 2026. The company states that stockholder rights are unchanged and no stockholder action is required, and the CUSIP remains the same.
Forum launched a new website at www.forum-markets.com, where investors can access SEC filings, governance documents, and code of ethics updates. The company highlights recent steps in its tokenization strategy, including Eurus Aero Token I and the acquisition of manufactured and modular home loans it plans to tokenize into income-generating products.