NewsSOS
Forum Markets, Incorporated (Nasdaq: FRMM) acquired an aircraft engine for approximately $12 million, the company disclosed, advancing a plan to assemble an aviation portfolio of five engines.
The Palm Beach digital asset platform said a second engine acquisition is expected to close in the coming weeks.
Pending transaction and portfolio goal The additional purchase is in progress, according to the company's release.
Forum Markets did not name the seller, disclose a price for the pending deal, or set a closing date beyond "coming weeks." The five-engine figure represents the company's stated portfolio target.
Keep reading