Forum Markets, Incorporated said its joint venture, Forum Edge AI LLC, entered a definitive agreement with Fireworks AI for a 36-month reservation of 96 enterprise AI servers at Edge Node Inc.’s Dallas data center. The accompanying release describes the reservation as Nvidia B300 GPU capacity. The combined total contract value is approximately $94.4 million, reflecting GPU capacity and associated CPU management node fees payable over the 36-month term.
Fireworks provided a prepayment deposit that will be credited against fees due across the term, and deployment of the GPUs is expected in late December or early January. The Dallas facility is among the sites included in Forum’s initial AI infrastructure investment and has existing permits, power access and physical infrastructure. The company cited risks that anticipated site capacity, power availability, permitting, equipment delivery or customer contracts could be delayed or not obtained. This is Forum Edge AI’s first contracted customer commitment and first finalized contract; Hosted AI, Inc. facilitated the relationship.
Forum Markets, Incorporated (FRMM) formed Forum Edge AI LLC with Edge Node Inc. on October 2, 2026, for data-center and compute projects. Forum is sole manager and owns 51%; Edge Node owns 49%. Initial sites include 2 MW of a 4 MW Dallas data center, a 6 MW North Carolina campus and one 1–2 MW mobile-tower site. Projects will use separate entities for real estate and equipment, without cross-collateralization.
Forum committed to fund 51% of LandCo and EquipCo investments and agreed to proportional guarantees for equipment financing; if a lender requires Forum alone to guarantee, Edge Node owes a guaranty fee. After the Effective Date and upon achievement of specified power and financing milestones, the parties will exchange 9.95% equity stakes. Edge Node is to receive approximately 1.46 million FRMM shares, described as approximately 9.95% of Forum’s shares after issuance, based on 13.2 million shares outstanding as of October 2, 2026; Forum will receive 9.95% of Edge Node’s fully diluted equity. Forum’s full-year 2027 consolidated revenue guidance is $125 million to $175 million, reflecting 100% of anticipated JV revenue; it continues to anticipate becoming cash flow positive in early 2027.
Forum Markets, Inc. (FRMM) reported a governance change involving its Board of Directors. Crystal Heter resigned as a member of the Board and from the Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee, effective August 19, 2026. The company states that her resignation was not due to any disagreement regarding operations, policies, practices, strategy, management, or the Board. Ms. Heter was appointed President and Chief Executive Officer of Tallgrass Energy, LP on March 27, 2026 and left the Board to focus on that role.
Forum Markets, Incorporated (FRMM) reported the results of its 2026 Annual Meeting of Stockholders held on August 19, 2026. Stockholders representing 9,228,510 shares, or 68.50% of common stock entitled to vote as of June 24, 2026, were present in person or by proxy, constituting a quorum.
Three Class II directors — McAndrew Rudisill, Ryan Smith and Jason New — were elected to two-year terms; Jason New received 6,200,982 votes for election. Stockholders approved the advisory (non-binding) resolution on named executive officer compensation and ratified the appointment of M&K CPAS, PLLC as independent auditors for the fiscal year ending December 31, 2026.
Forum Markets, Incorporated, a Delaware corporation, reported beneficial ownership of common stock of FORUM MARKETS Inc.
The reporting person holds 571,427 shares of common stock, representing 4.3% of the class, based on 13,210,145 shares outstanding. It has sole voting and sole dispositive power over all 571,427 shares, with no shared voting or dispositive power.
Forum Markets, Incorporated received an amended Schedule 13G reporting that Cyber Citadel and Konstantin Lomashuk beneficially own 1,487,389 shares of Common Stock, representing 11.11% of the class. These figures reflect a 10-for-1 reverse stock split effective October 20, 2025 and are based on 13,390,804 shares outstanding reported in a July 8, 2026 proxy statement.
The reporting persons also hold pre-funded and strategic advisor warrants exercisable for an aggregate 2,102,006 additional shares, but a 9.99% beneficial ownership limitation prevents exercise that would raise ownership above that level, so these warrant shares are excluded from the reported totals. Their percentage ownership rose above 10% around April 28, 2026 due to the issuer’s repurchase and cancellation of its own shares, and they state no securities were acquired in connection with that increase. Lomashuk may be deemed to beneficially own Cyber Citadel’s holdings through his controlling interest, but he disclaims beneficial ownership except to the extent of his pecuniary interest.
FORUM MARKETS Inc Chief Executive Officer Rudisill McAndrew reported a code F transaction in common stock on August 1, 2026. 98,174 shares were delivered or withheld at $5.16 per share to satisfy tax withholding obligations arising from the vesting and settlement of restricted stock units originally granted on April 2, 2026; the shares were officially issued on August 14, 2026 and the event did not represent a discretionary sale. Following this transaction, McAndrew held 1,786,805 shares directly, and had indirect interests reported in 3,773 shares each held by BER I LLC, GER I LLC, and MRR I LLC, and 45,283 shares held by Pelagic Capital Advisors LLC, with beneficial ownership of those indirect holdings disclaimed except to the extent of his pecuniary interest.
Forum Markets, Incorporated (FRMM), formerly ETHZilla Corporation, reported its first full quarter as a blockchain-based real‑world‑asset (RWA) platform, combining digital-asset activities with new aviation and lending businesses. Total assets were $159.0 million at June 30 2026, down from $306.3 million at December 31 2025, reflecting reductions in digital assets and a shift into marketable securities and loans. Cash and cash equivalents were $4.1 million, and digital assets stood at $21.6 million, primarily ETH pledged as collateral.
For the three months ended June 30 2026, Forum Markets generated $1.4 million of revenue, mainly from aircraft engine rental, and a gross profit of $0.4 million. Operating expenses of $10.3 million, largely general and administrative, led to an operating loss of $9.9 million. Significant non‑operating items included $6.4 million in digital‑asset losses, a $0.6 million gain from derivative instruments, and a $2.7 million gain on a Zippy make‑whole provision, resulting in a net loss from continuing operations of $12.4 million.
Over the first six months of 2026, revenue totaled $4.2 million from staking and aircraft engine leasing, but the company recorded a substantial net loss from continuing operations of $90.0 million, driven by $12.8 million in digital‑asset losses and a $48.6 million loss on an embedded derivative tied to liquid‑staking activities, which were exited during the period. Forum Markets also expanded into auto and manufactured‑home loan receivables, with loans receivable of $17.2 million, implemented a stock repurchase program that bought back 7.1 million shares for $31.3 million, and raised $5.5 million via its at‑the‑market equity program.
Forum Markets Inc received an amended Schedule 13G filing indicating that Electric Capital Partners Frontier Master Fund, LP, its general partner Electric Capital Partners Frontier Fund GP, LLC, and Electric Capital Partners, LLC, the investment manager, each report beneficial ownership of 0 shares of Forum Markets Inc common stock. Each reporting person states beneficial ownership of 0.0% of the outstanding common stock, with no sole or shared voting or dispositive power over any shares.
FORUM MARKETS Inc Chief Financial Officer John Tazewell Saunders reported a Form 4 showing a code F transaction involving 16,151 shares of common stock on August 1, 2026. The shares were forfeited back to the issuer at $5.16 per share to satisfy tax withholding obligations tied to the vesting and settlement of restricted stock units originally granted on April 2, 2026. The footnote states this was not a discretionary sale. Following this tax-withholding disposition, Saunders directly held 342,441 shares of FORUM MARKETS Inc common stock.