Forum Markets, Incorporated, formerly ETHZilla Corporation, filed its Form 10-Q with the SEC for the quarterly period ended September 30, 2026, disclosing operational details, risk factors, and share count data as of November 12, 2026.

Key Highlights

  • Company identity: The registrant operates as Forum Markets, Incorporated, formerly ETHZilla Corporation, incorporated in Delaware with an IRS Employer Identification Number of 90-1890354.
  • Shares outstanding: As of November 12, 2026, the company reported 13,988,345 shares of common stock issued and outstanding.
  • Exchange listing: Common stock, par value $0.0001 per share, trades under the symbol FRMM on NASDAQ:FRMM (The Nasdaq Capital Market).
  • Business activities: The filing references tokenization of real-world assets, digital asset holdings, DeFi protocol participation, and an AI infrastructure business operated through Forum Edge AI LLC.
  • Filer classification: The company is classified as a non-accelerated filer and a smaller reporting company, and is not an emerging growth company.
  • Shell company status: The registrant indicated it is not a shell company as defined under Rule 12b-2 of the Exchange Act.

Forum Markets Reports Quarter Covering Tokenization and AI Infrastructure Activities

Forum Markets, Incorporated, headquartered at 2875 South Ocean Blvd, Suite 200, Palm Beach, FL 33480, submitted its quarterly report covering the three and nine months ended September 30, 2026. The company, formerly known as ETHZilla Corporation, holds Commission File Number 001-38105 and listed its common stock on The Nasdaq Capital Market under the ticker FRMM with a par value of $0.0001 per share. The filing covers financial statements, management discussion and analysis, and risk factor disclosures across both Part I and Part II of the report.

According to the filing, the company's business activities encompass multiple segments. These include the tokenization of real-world assets, described in relation to the Eurus Aero Token I (referred to in the filing as the "Aero Token"), holdings and yield strategies involving Ether (ETH) on the Ethereum blockchain, and participation in decentralized finance protocols. The company also disclosed an AI infrastructure business operated through Forum Edge AI LLC, with the filing citing activities related to GPU deployment, compute agreements, and AI inference services as areas of business focus and associated risk.

The filing identifies a broad set of risk factors affecting the company's operations, including regulatory developments around digital assets and tokenized securities, fluctuations in the market price of Ether, access to banking and capital markets for digital asset companies, and the ability to secure equipment financing and customer compute agreements. The company's cautionary note states that forward-looking statements are "based on information available at the time the statements are made" and involve risks that could cause actual results to differ materially from those expressed. The annual report referenced in the filing was filed with the SEC on April 1, 2026, covering the fiscal year ended December 31, 2025.

What Was Disclosed

Forum Markets, Incorporated filed a Form 10-Q for the quarter ended September 30, 2026, reporting 13,988,345 shares outstanding as of November 12, 2026, and disclosing business activities spanning real-world asset tokenization, digital asset holdings, and AI infrastructure development through Forum Edge AI LLC.