Forum Markets (Nasdaq: FRMM) adds fourth leased jet engine in $11.65M deal
Rhea-AI Filing Summary
Forum Markets, Incorporated, through wholly owned subsidiary Eurus Aerospace Token I LLC, acquired one CFM56-7B22 aircraft engine and related parts and records from Aero Engine Solutions, Inc. under an Engine Sale and Purchase Agreement dated July 13, 2026. The purchase price was $11.65 million in cash. The engine was simultaneously placed on lease to a major airline under an Aircraft Engine Lease Agreement.
Under a Servicing Agreement Supplement, Aero Engine acts as servicer for a fee and both parties hold option-style rights after the lease term for a potential sale of the engine, subject to condition requirements. A related press release states the engine was acquired for approximately $12 million in cash, expanding Forum’s aviation portfolio to four income-generating engines, all on long-term lease to major U.S. airlines, with a fifth engine expected to close in the coming weeks. Forum describes the lease as generating fixed monthly payments plus usage-based fees and projects total returns in the double digits annually, and it highlights plans to potentially pool aviation engines into structured or tokenized offerings aligned with its digital asset strategy.
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Servicing Agreement Supplement financial
CFM56-7B22 technical
usage-based fees financial
structured security financial
tokenized offerings technical
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FAQ
What asset did Forum Markets (FRMM) acquire on July 13, 2026?
How much did Forum Markets (FRMM) pay for the new aircraft engine?
How does the new engine affect Forum Markets’ (FRMM) aviation portfolio?
What are the expected economics of Forum Markets’ (FRMM) new engine lease?
What options exist for selling the engine after the lease for Forum Markets (FRMM)?
How does this transaction fit Forum Markets’ (FRMM) tokenization strategy?
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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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):
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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).
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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 13, 2026, Forum Markets, Incorporated (“Forum”), through its newly formed wholly-owned subsidiary, Eurus Aerospace Token I LLC (the “Company”), acquired one CFM56-7B22 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 13, 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 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 13, 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 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 7.01 Regulation FD Disclosure.
On July 16, 2026, Forum issued a press release announcing the entry into the Purchase Agreement and the transactions contemplated thereby discussed above in Item 1.01. A copy of the press release is attached as Exhibit 99.1 to this Current Report and incorporated into this Item 7.01 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 (the “Exchange Act”), 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 | |
| 10.1*#£ | Engine Sale and Purchase Agreement dated as of July 13, 2026., between Aero Engine Solutions, Inc., as seller, and Eurus Aerospace Token I LLC, as buyer. | |
| 99.1** | Press Release, dated July 16, 2026. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
| * | Filed herewith. |
| ** | Furnished 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 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.
|
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: July 16, 2026 | By: | /s/ McAndrew Rudisill | |
| Name: | McAndrew Rudisill | ||
| Title: | Chief Executive Officer | ||
2
Exhibit 99.1
Forum Markets Acquires Aircraft Engine for Approximately $12 Million, Advances Plan to Expand Aviation Portfolio to Five Engines
Company Expects to Complete Acquisition of an Additional Engine in the Coming Weeks; Most Widely Used Engine Platform Offers Scale and Repeatable Deal Flow
PALM BEACH, Fla., July 16, 2026 /PRNewswire/ — Forum Markets, Incorporated (Nasdaq: FRMM), a digital asset platform modernizing capital markets through the tokenization of real-world assets, today announced that it has closed on the acquisition of a commercial aircraft engine for approximately $12 million in cash, expanding the company’s aviation portfolio to four income-generating engines under long-term lease to major U.S. airlines. Forum is in the process of finalizing the purchase of an additional engine, which is expected to close in the coming weeks and would bring the company’s aviation portfolio to five engines.
The engine was purchased from Aero Engine Solutions, Inc. in an all-cash transaction and is already generating revenue under an active lease. The lease is expected to produce fixed monthly lease revenue, supplemented by additional usage-based fees, with total returns projected to reach double digits annually when combined with the engine’s expected residual value at the end of the lease term. The second engine, once acquired, is expected to be placed on similar lease terms.
The engine is a CFM56-7B model, the most widely utilized commercial turbofan engine in the world and the standard powerplant for the majority of narrow-body aircraft operated by U.S. and international carriers. That scale supports one of the deepest and most liquid secondary markets in commercial aviation, giving Forum a large, repeatable pipeline of similar assets, including the additional engine currently under agreement, as it continues to grow its aviation portfolio.
“This acquisition reflects our strategy of acquiring durable, contractually protected assets that generate predictable cash flow,” said McAndrew Rudisill, chairman and chief executive officer of Forum Markets. “The CFM56 platform is one of the largest and most established engine families in commercial aviation, which gives us a deep, repeatable pipeline of similar acquisitions. With another engine expected to close in the coming weeks, our aviation portfolio is expected to grow to five engines, meaningfully increasing our contracted cash flows and strengthening the return profile of the segment.”
The CFM56-7B’s scale and widespread use support a deep, liquid secondary market for whole engines, parts and end-of-life teardown value. Combined with the contracted lease payments already in place, Forum expects its aviation engines to deliver predictable income together with downside protection tied to their eventual resale.
Over time, Forum intends to explore pooling its aviation engines and offering investors access to the combined cash flows through a structured security, which may include tokenized offerings, consistent with the company’s broader strategy of expanding access to cash flow generating real-world assets.
About Forum Markets, Incorporated
Forum Markets, Incorporated (Nasdaq: FRMM) is a digital asset platform focused on broadening access to institutional-grade, cash-generating real-world assets. The company acquires and structures high-yield assets to generate durable operating income, drawing on proprietary origination pipelines and strategic co-investment partnerships to scale its portfolio, with the ability to tokenize assets to expand distribution or enhance liquidity. Forum integrates traditional asset management principles with scalable digital market architecture as it builds a new framework for how real-world value is originated, accessed, and traded. For more information, please visit ir.forum-markets.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the future performance and growth of the Company; the ability of the Company to execute its plans, the assets to be held by the Company, the Company’s current and anticipated yield strategies, and future performance. Forward-looking statements are subject to numerous risks and uncertainties, many of which are beyond the Company’s control, and actual results may differ materially. Applicable risks and uncertainties include, among others, the risk that the proposed transactions described herein may not be completed in a timely manner or at all; failure to realize the anticipated benefits of the stock repurchase program, previously announced private placements, sale of convertible notes, and related transactions, including the Company’s ability to achieve profitable operations; the Company’s ability to repurchase shares of common stock, the timing thereof, purchase price thereof, and the fact that repurchases may not be undertaken under the stock repurchase program; changes in securities laws or regulations; changes in business, market, financial, political and regulatory conditions; risks relating to the Company’s OTC transaction, including the Company’s ability to repay such facility, covenants associated therewith and security interests associated therewith; risks relating to the Company’s previously announced ATM offering, including potential downward pressure on the Company’s stock price associated therewith; risks relating to the Company’s operations and business; risks related to increased competition in the industries in which the Company does and will operate; risks relating to significant legal, commercial, regulatory and technical uncertainty regarding digital assets generally; expectations with respect to future performance, growth and anticipated acquisitions; potential litigation involving the Company; global economic conditions; geopolitical events and regulatory changes; access to additional financing, and the potential lack of such financing; and the Company’s ability to raise funding in the future and the terms of such funding, including dilution caused thereby, as well as those risks and uncertainties identified and those identified under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as well as the supplemental risk factors and other information the Company has or may file with the SEC. Readers are cautioned not to place undue reliance on these statements. Readers are encouraged to read the Company’s filings with the SEC, available at www.sec.gov, for a discussion of these and other risks and uncertainties. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to update any forward-looking statements except as required by law. The Company’s business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties.
Media and Investor Contact:
John Kristoff
SVP, Corporate Communications and IR
IR@forum-markets.com