Features Pricing Learn Reverse Splits Tracker Shelf & ATM Tracker Warrant Tracker PIPE Deal Tracker Weekly Report FAQ API Sign In →
77 /100
CRITICAL RISK
Score updated Oct 13, 2026

FRMM — Forum Markets, Incorporated Dilution Risk Tracker

Track FRMM dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

⚠️ Not financial advice. Do your own research before making any investment decisions.

🔔 Track FRMM — Get alerts when the score changes →

As of October 13, 2026, Forum Markets, Incorporated (FRMM) has a DilutionWatch DilutionScore of 77/100, rated CRITICAL dilution risk. Forum Markets, Incorporated has a market capitalization of $57.68M, 13.20M shares outstanding, 10 institutional holders tracked. Stored dilution-related fields include 7.02M outstanding warrants.

This page includes automatically generated factual summaries from DilutionWatch data. It is not financial advice, not investment research, and not a recommendation. Do your own research. Read the full disclaimer and terms of service.

Score Breakdown

📋 Offering Ability
80
💰 Cash Runway
25
📊 Float Risk
55
⚠️ Warrant Exposure
90
🔄 Convertible Debt
85

Dilution Forecast

⛈️
Warning
High probability of dilution event
model est. 51%
📜 Warrant Exercise model 60%
• Massive warrant overhang: 53% of shares outstanding
• Warrant risk score very high (90/100)
🔁 Convertible Conversion model 60%
• Major convertible overhang: 1894% potential dilution
• Convertible risk score very high (85/100)
📉 Score Deterioration model 15%
• Score already CRITICAL (77/100) — events likely imminent
🔔 Track FRMM — Get forecast alerts →

Market Data

Market Cap$57.68M
Shares Outstanding13.20M
Float9.10M
Cash$48.07M
Debt$17.21M
Short InterestN/A

Source-Backed Evidence Depth

This public preview uses stored DilutionWatch fields and linked SEC/market records only. Missing values are not estimated.

FieldCurrent ValueBasis
DilutionScore77/100DilutionWatch score record
Shares Outstanding13.20MVerified float table or market cache
Public Float9.10MVerified float table or market cache
Market Cap$57.68MMarket data cache
Cash Runway22.0 monthsDilutionWatch score inputs
Shelf CapacityNone in current score inputsSEC-derived dilution fields
ATM CapacityNone in current score inputsSEC-derived dilution fields
Outstanding Warrants7.02MSEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 2.

Recent SEC source mix: XBRL 2.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

Institutional Holdings

10 institutional holders · 3.16M shares
#1 Woodline Partners LP 582.7K shares
#2 Saba Capital Management, L.P. 460.7K shares
#3 Wolverine Asset Management, LLC 389.9K shares
+ 7 more holders Sign up free to view →

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

Short Interest2.29M
Days to Cover18.0
% of Float25.1%
FINRA data as of Sep 30, 2026

Recent SEC Activity

xbrl XBRL WARRANT 2026-08-14
xbrl XBRL CONVERTIBLE 2026-04-01
Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual FRMM Dilution Snapshot

Forum Markets, Incorporated (FRMM) has a DilutionScore of 77/100, rated Critical dilution risk. Score date: October 13, 2026.

This automatically generated snapshot is assembled from stored DilutionWatch data fields and may contain data-source errors or omissions. It is not financial advice, not investment research, and not a recommendation. Do your own research and review the full disclaimer and terms of service.

DilutionScore History — Last 90 Days

FRMM's DilutionScore is currently 77/100 (Critical risk), with 3 score changes tracked over 89 days. The score improved from 74/100 (High risk).

Period Score Risk Level Duration
Oct 02 – Oct 13, 202677/100CRITICAL12 days
Aug 22 – Oct 01, 202674/100HIGH41 days
Aug 14 – Aug 21, 202653/100HIGH7 days
Jul 16 – Aug 13, 202667/100HIGH29 days

Score recalculated daily from SEC filings and market data. Sign up free for real-time score change alerts.

Share Dilution History

FRMM shares outstanding have decreased 28.4% from 20.31M (Apr 2026) to 14.54M (May 2026). Each increase represents potential dilution to existing shareholders.

Date Shares Outstanding Public Float Change
May 23, 202614.54M9.10M▼ 11.98%
May 16, 202614.50M10.34M▲ 4.86%
May 15, 202614.65M9.86M▼ 16.21%
May 11, 202614.65M11.77M▼ 16.84%
Apr 11, 202620.31M14.15M▲ 0.95%
Apr 10, 202620.31M14.02M▲ 6.84%
Apr 08, 202620.31M13.12M▼ 0.27%
Apr 07, 202620.31M13.16M▼ 8.09%

Share counts sourced from verified regulatory filings. Increases indicate dilution events.

Track FRMM Dilution Risk in Real-Time
DilutionWatch monitors SEC filings 24/7 and alerts you the moment FRMM files a shelf registration, ATM offering, warrant notice, or convertible note. Free tier available — no credit card required.
Start Tracking FRMM — Free
Email alert within minutes of any SEC filing Daily DilutionScore™ recalculation Score history & trend tracking Tracks 8,000+ tickers simultaneously

Related Stocks — CRITICAL Risk

Other CRITICAL dilution risk stocks tracked by DilutionWatch with similar profiles:

Browse all 8,490+ tracked stocks →

📖 Dilution Education
→ Complete Dilution Guide for Retail Investors → Anti-Dilution Provisions Explained → Stock Dilution Red Flags to Watch → Understanding Shelf Registrations