Acquisition of income-generating commercial aircraft engines under long-term leases to major U.S. airlines. The company closed its fourth engine acquisition (a CFM56-7B) for approximately $12 million in cash and is finalizing a fifth.

Expected impact: Increases contracted cash flows, provides predictable income, and offers downside protection tied to eventual resale or parts value, with the long-term goal of pooling assets into tokenized offerings.

Deploying capital into short-term bridge loans (60 to 120 days) to finance the acquisition and deployment of NVIDIA AI chips (GPUs) for modern AI data centers.

Expected impact: Targets annualized returns in the mid-teens on committed deals, with the option to tokenize the investment through Forum's digital asset liquidity platform to bring institutional AI chip credit exposure on-chain.

Reinitiated share buyback program, extended by the Board to June 30, 2027, with an aggregate repurchase authorization reduced from $250 million to $100 million, allowing repurchases through derivative transactions.

Expected impact: Aims to address the gap between market capitalization and intrinsic value, though capital allocation to buybacks moderately slows near-term asset deployment.