Monitor future capital raising activities as the company now has 1 million additional authorized preferred shares available for potential use in financings, acquisitions, or other corporate purposes.
Price Chart
Executive Summary
Forum Markets, Inc. (FRMM) eliminated its Series B Convertible Preferred Stock, which had no shares outstanding, effective April 24, 2026. This administrative action removes the class from the company's charter and returns 1 million authorized preferred shares to unissued status.
Key Facts
- Company filed a Certificate of Elimination for its Series B Convertible Preferred Stock on April 23, 2026
- No shares of Series B Convertible Preferred Stock were issued or outstanding at the time of elimination
- 1,000,000 authorized preferred shares previously designated as Series B are now returned to authorized but unissued status
- Elimination became effective at 12:01 a.m. on April 24, 2026
- Action was taken pursuant to Section 151(g) of the Delaware General Corporation Law
Financial Impact
No immediate financial impact as no shares were outstanding
Risk Factors
- Potential future dilution if the company issues new preferred stock from the now available authorized shares
- Possible changes to capital structure that could affect common shareholders
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-047572 |
| Document: ea028768901ex3-1.htm | 0001213900-26-047572 |
| Document: 0001213900-26-047572-index-headers.html | 0001213900-26-047572 |
| Document: 0001213900-26-047572-index.html | 0001213900-26-047572 |
| Document: 0001213900-26-047572.txt | 0001213900-26-047572 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | 8-K | $3.38 | awaiting T+60 | — | $3.49 (+3.40%) |
Oct 5, 2026 22d ago | 8-K | $4.75 | awaiting T+60 | — | $3.49 (−26.42%) |
Aug 21, 2026 9w ago | 8-K | $6.03 | awaiting T+60 | — | $3.49 (−42.04%) |
Aug 13, 2026 10w ago | Press Release | $6.24 | awaiting T+60 | — | $3.49 (−43.99%) |
Jul 30, 2026 12w ago | 8-K | $5.37 $3.38 | ▼ −37.06% | ▼ −39.52% | $3.49 (−34.92%) |
Jul 16, 2026 14w ago | 8-K | $5.85 $4.48 | ▼ −23.35% | ▼ −27.06% | $3.49 (−40.21%) |
Jul 16, 2026 14w ago | Press Release | $5.85 $4.48 | ▼ −23.35% | ▼ −27.06% | $3.49 (−40.21%) |
Jul 9, 2026 15w ago | DEFA14A | $5.96 $4.75 | ▼ −20.30% | ▼ −22.94% | $3.49 (−41.36%) |
Jul 1, 2026 16w ago | 8-K | $6.02 $5.04 | ▼ −16.28% | ▼ −19.85% | $3.49 (−41.94%) |
Jun 30, 2026 17w ago | 8-K | $5.43 $5.14 | ▼ −5.34% | ▼ −8.90% | $3.49 (−35.64%) |
US Market Status
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