{"url_path":"/sec/frmm/8-k/2026-07-01/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry into","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-01","source_url":"https://www.sec.gov/Archives/edgar/data/1690080/0001213900-26-074215-index.html","accession_number":"0001213900-26-074215","cik":"0001690080","ticker":"FRMM","issuer_name":"FORUM MARKETS Inc","edgar_url":"https://www.sec.gov/Archives/edgar/data/1690080/0001213900-26-074215-index.html","primary_entity_key":"0001690080","primary_entity_name":"FORUM MARKETS Inc"},"word_count":775,"has_tables":true,"body_markdown":"**Item 1.01 Entry into\na Material Definitive Agreement.**\n\n \n\nOn\nJune 30, 2026, Forum Markets, Inc. (the “Company”) and Zippy, Inc. (“Zippy”) entered into Side Letter\nAmendment No. 2 (the “Second Amendment”) to the Series B-3 Preferred Stock Purchase Agreement, dated as of December\n9, 2025, as previously amended by the Side Letter Amendment dated March 25, 2026 (as so amended, the “Zippy Purchase Agreement”).\nAs further detailed below, the Company and Zippy entered into the Second Amendment in furtherance of the parties' ongoing strategic partnership,\nto provide both parties with greater flexibility with respect to the timing and measurement of the Final Make Whole Amount (as defined\nbelow) and to spread the risk associated with the performance of the Company’s common stock by replacing the single true-up determination\ndate with three separate measurement and payment dates.\n\n \n\nUnder\nthe Zippy Purchase Agreement as previously in effect, the Company was obligated to pay Zippy a single “Final Make Whole Amount,”\nmeasured as of a single true-up determination date of June 30, 2026 (the “Original True-Up Determination Date”), equal\nto the difference, if any, between the value of the Retained Stock (as defined in the Zippy Purchase Agreement) based on a per share price\nof $10.50 and the value of the Retained Stock based on the volume-weighted average price of the Company’s common stock for the ten\n(10) trading days prior to that date.\n\n \n\nThe\nSecond Amendment amends Section 6.2 of the Zippy Purchase Agreement to replace the single Original True-Up Determination Date with a trifurcated\ntrue-up framework consisting of three separate measurement and payment dates—a first true-up date of July 31, 2026, a second true-up\ndate of September 30, 2026, and a third true-up date of December 31, 2026—each with its own independent make-whole calculation and\npayment obligation. During a corresponding sell period to each true-up date, Zippy may sell, in its sole discretion, up to a designated\nnumber of shares of the Company’s common stock (up to 285,714 shares per period), and any eligible shares not sold during a prior\nperiod that are carried forward and become eligible for sale in the following period(s). After each true-up date, Zippy is required to\ndeliver to the Company a written settlement statement, and the Company is required to pay the applicable make-whole amount, if any, in\ncash by wire transfer of immediately available funds within ten (10) business days after its receipt of the settlement statement (and\nin no event later than ten (10) business days after the applicable true-up date).\n\n \n\nFor\neach of the first two sell periods, the applicable make-whole amount equals the number of eligible shares actually sold during that period\nmultiplied by the $10.50 per share price, less the aggregate gross proceeds Zippy received from those sales; no amount is payable with\nrespect to unsold shares, and the make-whole amount is zero if gross proceeds equal or exceed the guaranteed amount. For the third true-up\nperiod, the make-whole amount is calculated both with respect to shares sold during the third sell period (measured against gross proceeds)\nand with respect to shares retained by Zippy through December 31, 2026 (measured against the volume-weighted average price of the Company’s\ncommon stock for the ten (10) trading days prior to December 31, 2026), with Zippy able to elect sale or retention treatment for shares\nin any combination in its sole discretion. The Second Amendment provides that the three make-whole amounts are calculated on distinct,\nnon-overlapping pools of shares so that no double recovery occurs, and that the Company’s aggregate make-whole obligation will not\nexceed the amount necessary for Zippy to receive, in the aggregate, proceeds equivalent to $10.50 per share for each share originally\ncomprising the stock consideration.\n\n \n\nThe\nSecond Amendment also makes certain conforming changes, including (i) providing that the Company’s obligation to pay the Final Make\nWhole Amount for purposes of the forfeiture provisions of the Zippy Purchase Agreement will be deemed satisfied if the Company timely\npays each of the three true-up make-whole amounts, while confirming that the Company’s failure to timely pay any such amount constitutes\na failure to timely pay a cash amount for purposes of the “ETHZ Forfeiture Event” definition under the Zippy Purchase Agreement,\nand (ii) extending Zippy’s monthly stock transaction reporting covenant through December 31, 2026 and applying it separately with\nrespect to each true-up determination date.\n\n \n\nThe\nforegoing description of the Second Amendment does not purport to be complete and is qualified in its entirety by reference to the full\ntext of the Second Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by\nreference.\n\n \n\n1"}