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Forum Markets, Incorporated (FRMM) acquires $11.65M engine

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(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Forum Markets, Incorporated, through its wholly owned subsidiary Eurus Aerospace Token I LLC, acquired one CFM56-7B aircraft engine from Aero Engine Solutions, Inc. for a purchase price of $11.65 million in cash under an Engine Sale and Purchase Agreement dated July 27, 2026.

On July 29, 2026, the engine was placed on lease to a major airline under an Aircraft Engine Lease Agreement, with Aero Engine Solutions, Inc. serving as manager under a Servicing Agreement Supplement. That supplement gives the Company a right, but not an obligation, to require the servicer to purchase the engine after the lease, and a corresponding right of the servicer to require the Company to sell the engine, in each case subject to agreed condition requirements.

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Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Engine purchase price $11.65 million Price paid in cash for one CFM56-7B aircraft engine
Number of engines acquired 1 engine Single CFM56-7B aircraft engine acquired by Eurus Aerospace Token I LLC
Purchase Agreement date July 27, 2026 Date of Engine Sale and Purchase Agreement with Aero Engine Solutions, Inc.
Lease Agreement date July 29, 2026 Date of Aircraft Engine Lease Agreement with a major airline
Material Definitive Agreement regulatory
"Item 1.01. Entry into a Material Definitive Agreement."
A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.
CFM56-7B aircraft engine technical
"acquired one CFM56-7B aircraft engine, together with all parts"
Aircraft Engine Lease Agreement financial
"pursuant to an Aircraft Engine Lease Agreement, dated July 29, 2026"
Servicing Agreement Supplement financial
"entered into a Servicing Agreement Supplement dated July 27, 2026"

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FAQ

What material agreement did FRMM enter into regarding an aircraft engine?
FRMM, through Eurus Aerospace Token I LLC, entered into an Engine Sale and Purchase Agreement with Aero Engine Solutions, Inc. to acquire one CFM56-7B aircraft engine for $11.65 million in cash, together with related parts and engine records.

How much did FRMM pay for the CFM56-7B engine and how was it funded?
FRMM’s subsidiary bought the CFM56-7B engine for a purchase price of $11.65 million, which was payable in cash. The acquisition included all associated parts and engine records under the Engine Sale and Purchase Agreement dated July 27, 2026.

How is the acquired engine being used under FRMM’s new agreements?
The acquired engine was placed on lease to a major airline under an Aircraft Engine Lease Agreement dated July 29, 2026. Eurus Aerospace Token I LLC acts as lessor, generating lease income while Aero Engine Solutions, Inc. manages the engine as servicer.

What role does Aero Engine Solutions, Inc. play in FRMM’s engine transaction?
Aero Engine Solutions, Inc. is both the seller of the engine and the servicer under a Servicing Agreement Supplement. It manages the engine during the lease for a servicing fee and is party to reciprocal purchase and sale option rights with Eurus Aerospace Token I LLC.

What option rights are included in FRMM’s Servicing Agreement Supplement?
The Servicing Agreement Supplement grants the Company the right, but not the obligation, to require the servicer to purchase the engine after the lease, and grants the servicer a corresponding right to require the Company to sell the engine, subject to the engine meeting agreed condition standards.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): July 27, 2026

 

Forum Markets, Incorporated

(Exact name of registrant as specified in its charter)

 

Delaware   001-38105   90-1890354
(State or Other Jurisdiction
of Incorporation)		   (Commission File Number)   (IRS Employer
Identification No.)

 

2875 South Ocean Blvd, Suite 100
Palm Beach, FL		   33480
(Address of Principal Executive Offices)   (Zip Code)

 

(650) 507-0669

(Registrant’s telephone number, including area code)

 

(Former name or former address, if changed since last report)

  

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

  ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

  ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

  ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

  ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

  

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading symbol(s)   Name of each exchange on which registered
Common Stock, par value $0.0001 per share   FRMM   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

Item 1.01. Entry into a Material Definitive Agreement.

 

On July 28, 2026, Forum Markets, Incorporated (“Forum”), through its newly formed wholly-owned subsidiary, Eurus Aerospace Token I LLC (the “Company”), acquired one CFM56-7B aircraft engine, together with all parts and engine records associated therewith (the “Engine”), from Aero Engine Solutions, Inc. (“Aero Engine”), pursuant to the terms of an Engine Sale and Purchase Agreement, dated July 27, 2026 (the “Purchase Agreement”). The Engine was acquired for a purchase price of $11.65 million, which was payable in cash.

 

Concurrently with the acquisition, the Engine was placed on lease pursuant to an Aircraft Engine Lease Agreement, dated July 29, 2026, with a major airline, as lessee, entered into by the Company, as lessor.

 

In connection with the purchase, the Company, as owner, and Aero Engine, as servicer (in such capacity, the “Servicer”), also entered into a Servicing Agreement Supplement dated July 27, 2026, whereby the Servicer agreed to manage the Engine on behalf of the Company during the duration of the above-referenced lease, in exchange for a servicing fee, and which also provided for the right of the Company (but not the obligation) to require the Servicer (or the Servicer’s designated affiliate) to purchase the Engine from the Company for a an option price, following the expiration or earlier termination of the lease with respect to the Engine; and the right of the Servicer (but not the obligation) to require the Company to sell the Engine to the Servicer (or the Servicer’s designated affiliate), in each case provided that the Engine is in the condition required by the terms of the agreement.

 

The foregoing description of the Purchase Agreement is not complete and is subject to, and qualified in its entirety by reference to, the Purchase Agreement filed herewith as Exhibit 10.1, which is incorporated in this Item 1.01 by reference in its entirety.

  

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit No.   Exhibit
10.1*#£   Engine Sale and Purchase Agreement dated as of July 27, 2026, between Aero Engine Solutions, Inc., as seller, and Eurus Aerospace Token I LLC, as buyer.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

  * Filed herewith.
  # Certain schedules and exhibits have been omitted pursuant to Item 601(b)(2)(ii) of Regulation S-K. A copy of any omitted schedule or Exhibit will be furnished supplementally to the Securities and Exchange Commission upon request; provided, however that Forum may request confidential treatment pursuant to Rule 24b-2 of the Exchange Act of 1934, as amended for any schedule or Exhibit so furnished.
  £ Certain confidential portions of this Exhibit were omitted by means of marking such portions with brackets (“[***]”) because the identified confidential portions (i) are not material and (ii) Forum customarily and actually treats that information as private or confidential.

 

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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: July 30, 2026 By:  /s/ McAndrew Rudisill
    Name:   McAndrew Rudisill
    Title: Chief Executive Officer

 

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Source: View Original Filing on SEC EDGAR

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