Forum Markets enters data center joint venture with 51% stake, 9.95% equity dilution pending

Forum Markets and Edge Node formed a strategic joint venture (Forum Edge AI LLC) for data center and compute infrastructure, with Forum holding 51% control. The deal includes a capital contribution commitment from Forum to fund 51% of LandCo and EquipCo investments, guaranty obligations for equipment financing, and a contingent 9.95% equity dilution to Edge Node upon achievement of performance milestones. The venture faces execution risk (milestone achievement, customer offtake agreements, member loan defaults) and creates material off-balance-sheet obligations, but lack of disclosed financial

Forum Markets is partnering with Edge Node to build and operate data centers, with Forum controlling 51%. If the venture hits targets, Edge Node gets 9.95% of Forum's stock, diluting current shareholders.