KBL MERGER CORP. IV

Holders are asked to create two classes of stock whose only function is voting: the Class C and Class K Special Voting Shares each carry a number of votes equal to the Exchangeable Shares of CannBioRex Purchaseco ULC and Katexco Purchaseco ULC outstanding from time to time, so holders of Canadian exchangeable shares vote at KBL meetings without holding KBL common stock. Authorised common stock rises from 35,000,000 to 100,000,000 shares and preferred from 1,000,000 to 5,000,000. The business combination agreement is dated July 25, 2019, more than a year before this amendment.

The charter proposals travelling with the merger enlarge the capital structure well beyond what the deal itself issues: authorised common stock rises from 35,000,000 to 100,000,000 shares and authorised preferred from 1,000,000 to 5,000,000. Two new classes, the Class C and Class K Special Voting Shares, are created to carry votes equal to the number of Exchangeable Shares of CannBioRex Purchaseco ULC and Katexco Purchaseco ULC outstanding from time to time, so holders of Canadian exchangeable shares vote at KBL meetings without holding KBL common stock.

17,500,000 shares is the ceiling on issuance and the measure of the dilution a KBL public stockholder faces, priced for fee purposes at $10.56 — the November 8, 2019 Nasdaq high-low average — for a maximum aggregate offering price of $184,800,000 and a fee of $23,987. The Exchangeable Shares are the structural detail worth noting: they are adjusted by the Exchange Ratio rather than exchanged at closing, carry rights substantially economically equivalent to KBL common stock, and vote at KBL stockholder meetings through Voting and Exchange Agreements.

The trust account now holds $116,150,000, increasing the capital available for a future business combination. Deferred underwriting fees rose to $4,025,000, and total shares subject to possible redemption increased to 10,659,637.

This 8-K establishes the baseline trust value (~$10.10 per share), the initial share count (9,211,617 public shares redeemable), and the combination deadline (18-21 months from IPO closing). It also details sponsor and underwriter commitments, including waiver of liquidation rights on founder shares and deferred underwriting fees contingent on completing a business combination.

This establishes the baseline trust value of $9.40 per public share and the full capital structure investors will track through to the redemption deadline and business combination vote. The deferred underwriting commission of $3,500,000 is payable only upon deal consummation and is forfeited to public stockholders if the SPAC liquidates.

What changed: The 10-Q filed under Commission file number 001-38105 is that of Forum Markets, Incorporated, formerly ETHZilla Corporation (Nasdaq: FRMM), for the three months ended June 30, 2026, with 13,198,948 shares outstanding as of August 14, 2026. Why it matters: The former SPAC's successor now describes itself as an Ether-holding and tokenization business whose reported results move with the ETH price, and it discloses that certain of its cash and ETH are pledged as security. No balance-sheet or holdings figure appears in the portion read here.

What changed: 8-K of Forum Markets, Incorporated. Item 1.01 (entry into a material definitive agreement): on July 28, 2026, through newly formed wholly owned subsidiary Eurus Aerospace Token I LLC, Forum acquired one CFM56-7B aircraft engine with its parts and engine records from Aero Engine Solutions, Inc. under an Engine Sale and Purchase Agreement dated July 27, 2026, for a cash purchase price of $11.65 million. Concurrently the engine was placed on lease to a major airline, unnamed, under an Aircraft Engine Lease Agreement dated July 29, 2026, with the subsidiary as lessor. Why it matters: A Servicing Agreement Supplement dated July 27, 2026 has the seller manage the engine for a servicing fee and creates put and call rights: after the lease expires or terminates early, the Company may require the servicer or its affiliate to buy the engine at an option price, and the servicer may require the Company to sell, in each case only if the engine meets the required condition. The option price is redacted from the filed exhibit as confidential, so the exit economics are not on the record.

What changed: Forum Markets, Incorporated, the KBL Merger Corp. IV successor, filed as Exhibit 10.1 an Engine Sale and Purchase Agreement dated July 13, 2026 between Aero Engine Solutions, Inc. of Florida as seller and Eurus Aerospace Token I LLC of Delaware as buyer, covering one CFM International CFM56-7B aircraft engine. The engine's manufacturer serial number and the parties' addresses are redacted as confidential information the registrant treats as private, and the purchase price is not visible in the filed excerpt. Why it matters: A single-engine sale is small relative to any listed company, so this matters as a signal about the business model rather than as a financial event: the buyer's name indicates a tokenised aviation-asset vehicle, which suggests the issuer is originating hard assets for fractionalised ownership structures. Without the price or the counterparty relationship visible, the economics cannot be assessed — confidence is reduced accordingly, and no trust or redemption right from the KBL vehicle is affected.

What changed: Forum Markets, Incorporated, the KBL Merger Corp. IV successor, filed soliciting material under Rule 14a-12 consisting of a notice-and-access voting card for its 2026 annual meeting. Holders are told to vote by 11:59 p.m. ET on August 18, 2026 for a meeting on August 19, 2026, and may request a free paper or email copy of the notice, proxy statement and annual report before August 5, 2026 through ProxyVote.com, 1-800-579-1639 or sendmaterial@proxyvote.com. The company's address is given as 2875 South Ocean Blvd, Suite 100, Palm Beach, Florida. Why it matters: The card is the mailing instrument rather than a disclosure document, so nothing here changes a trust balance, a redemption right or a deadline; the proposals themselves sit in the proxy statement for the August 19, 2026 meeting. It is useful only for the dates a holder must meet — August 5 to request paper materials and August 18 to vote — and for confirming the successor to the KBL vehicle is now operating from a Palm Beach address.