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FORUM MARKETS

Closed (deSPAC)

Health Care · cannabis biotechnology and life sciences research

What it is
Forum Markets, Incorporated (Nasdaq: FRMM) is a digital asset platform modernizing capital markets through the tokenization of institutional-grade real-world assets on Ethereum
What it’s doing now
Merging with KBL MERGER CORP. IV (KBLM) — closed (despac).
What you should know
Data is still being assembled for this company — what is shown below is everything we have verified so far.

The business, per its filings

SEC primary

Forum Markets, Incorporated (Nasdaq: FRMM) is a digital asset platform modernizing capital markets through the tokenization of institutional-grade real-world assets on Ethereum. The company structures and brings cash-generating assets onto blockchain-based infrastructure to unlock liquidity, broaden investor access, and enable more efficient primary issuance and secondary market activity. 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, visit www.forum-markets.com. 2

Source: S-4/A, accession 0001213900-20-024232

What the company says about itself

Web research — not audited

Forum is an institutional technology platform for securitizing real-world assets as compliant digital securities. It operates across the full tokenization lifecycle, from asset origination through to scaled distribution, converting illiquid private assets into compliant digital securities on Ethereum Layer 2 infrastructure. The company partners with leading asset originators and provides access to SEC-registered trading infrastructure, qualified custody, and regulated primary and secondary markets.

Markets:
Real-World Assets | Institutional Finance | Tokenization | Secured Lending | Industrial Equipment | Real Estate | AI Infrastructure Credit
Products:
Eurus Aero Token I | NVIDIA GPU Bridge Loans | Aerospace & Aircraft Engines | Auto Loans | Manufactured Home Loans | Commercial Properties | Multifamily Residential Properties
Customers:
Karus | Zippy
What our web check found

[WEB-INTEL 2026-08-26] 4 finding(s) · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Forum Markets Acquires Aircraft Engine for Approximately $12 Million" [https://ir.forum-markets.com/news-events/press-releases] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Deploy Approximately $47 Million in ETH. Announces $350 Million Add-On Convertible Debenture Investment" [https://ir.forum-markets.com/news-events/press-releases?page] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "As of June 30 2026, Forum Markets held $21.6 million in digital assets, including about 12,441 ETH pledged as collateral under a $26.0 million" [https://www.stocktitan.net/sec-filings/FRMM/10-q-forum-markets-inc-quarterly-earnings-report-5d3ee558ee5c.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The closing of the business combination is anticipated to take place on June 25, 2021, subject to the satisfaction of certain customary closing" [https://www.businesswire.com/news/home/20210624006017/en/Forum-Merger-III-Corporation-Stockholders-Approve-Business-Combination-with-Electric-Last-Mile-Inc.]

Source: https://www.forum-markets.com/ · captured Aug 26, 2026 · marketing claims are reported as claims, never merged into the filed figures above.

The deal it’s entering

FORUM MARKETS is merging with KBL MERGER CORP. IV (KBLM) currently marked Closed (deSPAC).

Headline equity value—
PIPE≈ $3M · unsourced

Structure per SEC accession(s) 0001213900-20-024232, 0001213900-25-063799. How to read these numbers: headline vs effective valuation · what a definitive agreement commits

What exactly is being valued, and at what

Common questions

Is FORUM MARKETS going public?

FORUM MARKETS has an approved merger with the SPAC KBL MERGER CORP. IV (KBLM). Deal status: Closed (deSPAC).

Does FORUM MARKETS have revenue?

The filings we've parsed don't state a usable revenue figure yet; this profile is updated as new documents land.

Educational content, not investment advice.

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