Select an item to read the extracted section. The as-filed document remains the primary evidence.
Item 1.01Item 1.01 - Entry into Material Agreement
Item 1.01. Entry
into a Material Definitive Agreement.
On
October 2, 2026, Forum Markets, Incorporated, a Delaware corporation (the “Company” or “Forum”), and Edge Node
Inc., a Texas corporation (“Edge Node”), entered into the First Amended and Restated Limited Liability Company Agreement (the
“Agreement”) as members of Forum Edge AI LLC, a Delaware limited liability company (the “Joint Venture”). Forum is the sole manager of the Joint Venture.
Pursuant
to the Agreement, Forum and Edge Node have established a strategic partnership framework for data center real estate, compute infrastructure
and compute reseller arrangements. Forum holds a 51% membership interest and Edge Node holds a 49% membership interest in the Joint Venture.
The Joint Venture will serve as the parent entity holding equity interests in project-level special purpose vehicles organized as separate
limited liability companies when formed for each project, consisting of a real estate holding entity (“LandCo”) and a compute
equipment holding entity (“EquipCo”).
The
Agreement provides for, among other things (i) capital contributions by the members to fund LandCo and EquipCo investments for each
project in proportion to their respective membership interests; (ii) certain consent rights of each member with respect to specified
actions of the Joint Venture; (iii) a distribution waterfall for available cash from each project; (iv) remedies upon a
member’s failure to fund capital contributions, including member loans and equity reallocation; (v) an equity exchange
pursuant to which, after the Effective Date (as defined in the Agreement) and upon achievement of specified performance milestones,
Forum will issue shares of common stock, par value $0.0001 per share, of the Company (“Common Stock”) representing 9.95%
of Forum’s outstanding shares as of October 2, 2026 to Edge Node, and Forum will receive 9.95% of Edge Node’s fully
diluted equity (as further described under Item 3.02 below); (vi) buyout rights, including a call right in favor of Forum (the
“Forum Call Right”) and a put right in favor of Edge Node, in each case at a formula-determined price; (vii) mutual
exclusivity covenants restricting each member from pursuing data center or similar projects with third parties in the United States;
(viii) a right of first refusal in favor of Forum on future acquisitions and compute capacity; (ix) an exclusive, royalty-free
license from Edge Node of its background intellectual property to the Joint Venture; and (x) drag-along rights in favor of Forum
with respect to a sale of the Joint Venture.
Forum
is currently in ongoing discussions with multiple potential customers for offtake of dedicated GPU capacity that would be supplied from
the Company’s data center and related facilities.
The
foregoing description of the Agreement is not complete and is subject to, and qualified in its entirety by reference to, the full text
of the Agreement, a copy of which is filed herewith as Exhibit 10.1, and which is incorporated in this Item by reference in its entirety.
Item 2.03Item 2.03 - Creation of Direct Financial Obligation
Item
2.03.
Creation of a Direct Financial Obligation
or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The
information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.
In
connection with the Agreement, Forum has incurred the following direct financial obligations:
Capital
Contribution Obligations. Forum has committed to fund 51% of the LandCo and EquipCo investments across multiple projects pursuant
to the terms set forth in the Agreement.
Guaranty
Obligations. Forum and Edge Node have each agreed to provide guaranties for EquipCo equipment financing proportional to their
respective percentage interests. If a lender requires Forum to provide a sole guaranty, Edge Node is obligated to pay Forum a guaranty
fee.
Member
Loan Obligations. In the event Edge Node fails to fund a required capital contribution, Forum may advance member loans, which
are secured by a security interest in project assets and pledged membership interests.
Item
3.02. Unregistered Sales of Equity Securities.
The
information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 3.02.
Pursuant
to the Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and the Agreement, after the Effective Date
and upon the achievement of certain performance milestones, Forum will issue to Edge Node shares of Forum’s Common Stock, representing 9.95% of Forum’s outstanding shares of Common Stock
(based on the number of shares outstanding as of October 2, 2026) (the “Equity Exchange”). In connection with the Equity
Exchange, Forum will also receive shares representing 9.95% of Edge Node’s fully diluted equity. No registration rights have
been granted to Edge Node.
Pursuant
to the Agreement, Edge Node has agreed to enter into a voting agreement with respect to all shares of Common Stock held by Edge Node,
pursuant to which Edge Node has granted to Forum an irrevocable proxy to vote such shares in accordance with the recommendation of Forum’s
board of directors. In addition, members of the Edge Node Group (as defined in the Agreement) have agreed to execute a lock-up agreement
if requested by an underwriter in connection with a Forum offering, subject to the condition that Forum’s officers and directors
are similarly bound.
Forum
may also elect to pay any buyout consideration under the Forum Call Right in shares of Common Stock.
Item 7.01Item 7.01 - Regulation FD Disclosure
Item
7.01
Regulation FD Disclosure.
On
October 5, 2026, Forum issued a press release announcing the formation of the Joint Venture and related matters. The press release also
provides guidance concerning Forum’s 2027 anticipated revenue estimates. A copy of the press release is furnished as Exhibit 99.1
to this Current Report on Form 8-K.
The
information in this Item 7.01 (including Exhibit 99.1) is being furnished and 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 or the Exchange
Act, except as expressly set forth by specific reference in such filing.
Item 8.01. Other
Events.
In
connection with the Joint Venture, the Company has made available an investor presentation relating to the Joint Venture, a copy
of which is attached as Exhibit 99.2 to this Current Report on Form 8-K and is incorporated herein by reference.
Forward
Looking Statements
This Current Report on Form 8-K contains “forward-looking
statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent
the Company’s current expectations or beliefs concerning future events and can generally be identified using statements that include
words such as “estimate,” “expects,” “project,” “believe,” “anticipate,” “intend,”
“plan,” “foresee,” “forecast,” “likely,” “will,” “target” or similar
words or phrases. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of
the Company’s control, which could cause actual results to differ materially from the results expressed or implied in the forward-looking
statements. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important
factors that may cause actual results, performance, or achievements to be materially different from any future results, performance, or
achievements expressed or implied by the forward-looking statements.
Applicable risks and uncertainties include, among others, the risk
that anticipated site capacity, power availability, permitting, equipment delivery or customer contracts are delayed or not obtained;
the risk that equipment financing is not available on the terms or in the amounts assumed, or at all; risks associated with the Company’s
guarantee obligations in support of project-level financing; 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; and other risks identified under the heading “Risk Factors” in Forum’s Annual Report
on Form 10-K for the fiscal year ended December 31, 2025 and Quarterly Reports filed on Form 10-Q, as well as other information Forum
has filed or may file with the U.S. Securities and Exchange Commission (the “SEC”). 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.
Item 9.01. Financial
Statements and Exhibits.
(d) Exhibits.
Exhibit Description
Number
───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
10.1*^ First Amended and Restated Limited Liability Company Agreement of Forum Edge AI, LLC, dated October 2, 2026, by and between Forum Markets, Incorporated and Edge Node Inc.
99.1 Press Release, dated October 5, 2026, announcing the formation of the Joint Venture.
99.2 Investor Presentation, dated October 2026.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
Portions of this exhibit have been omitted pursuant to Item
601(b)(10)(iv) of Regulation S-K.
The schedules to this agreement have been omitted pursuant
to Item 601(a)(5) of Regulation S-K. The Company hereby agrees to furnish supplementally a copy of any omitted schedule to the SEC upon
request.
Item 8.01Item 8.01 - Other Events
Item 8.01. Other
Events.
In
connection with the Joint Venture, the Company has made available an investor presentation relating to the Joint Venture, a copy
of which is attached as Exhibit 99.2 to this Current Report on Form 8-K and is incorporated herein by reference.
Forward
Looking Statements
This Current Report on Form 8-K contains “forward-looking
statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent
the Company’s current expectations or beliefs concerning future events and can generally be identified using statements that include
words such as “estimate,” “expects,” “project,” “believe,” “anticipate,” “intend,”
“plan,” “foresee,” “forecast,” “likely,” “will,” “target” or similar
words or phrases. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of
the Company’s control, which could cause actual results to differ materially from the results expressed or implied in the forward-looking
statements. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important
factors that may cause actual results, performance, or achievements to be materially different from any future results, performance, or
achievements expressed or implied by the forward-looking statements.
Applicable risks and uncertainties include, among others, the risk
that anticipated site capacity, power availability, permitting, equipment delivery or customer contracts are delayed or not obtained;
the risk that equipment financing is not available on the terms or in the amounts assumed, or at all; risks associated with the Company’s
guarantee obligations in support of project-level financing; 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; and other risks identified under the heading “Risk Factors” in Forum’s Annual Report
on Form 10-K for the fiscal year ended December 31, 2025 and Quarterly Reports filed on Form 10-Q, as well as other information Forum
has filed or may file with the U.S. Securities and Exchange Commission (the “SEC”). 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.