Forge Selected as Liquidating Trustee of Linqto Customer Assets

Key Terms

chapter 11 regulatory

Chapter 11 is a U.S. bankruptcy process that lets a financially distressed company keep operating while it reorganizes its debts and business plan under court supervision. Think of it as a formal pause that allows the company to renegotiate payments, shed contracts or assets, and seek a path to profitability instead of being liquidated; investors watch it because it can change the value and priority of claims, equity dilution, or the likelihood of recovery.

liquidating trust regulatory

A liquidating trust is a legal vehicle set up to collect, sell or manage the remaining assets of a company that is winding down and to distribute the proceeds to creditors and other stakeholders. It matters to investors because the trustee controls how quickly assets are converted to cash and how recoveries are divided, so the trust determines the timing and amount of any payouts — think of it like an executor selling a household’s belongings and paying heirs according to a plan.

liquidating trustee regulatory

A liquidating trustee is the person or entity appointed to wind up a company’s affairs after it has been dissolved or entered formal liquidation: they gather and sell assets, resolve claims and legal issues, pay creditors, and distribute any remaining proceeds. For investors this role matters because the trustee’s decisions and efficiency determine how much, if anything, is recovered and how quickly distributions are made—think of them as the estate executor for a company.

plan of reorganization regulatory

A plan of reorganization is a formal blueprint used during bankruptcy to rearrange a company’s debts, assets and ownership so it can keep operating. It lays out who gets paid, what creditors and shareholders receive, and how the business will change going forward; think of it as a court-approved debt and recovery roadmap that decides whether investors keep value, receive new securities or cash, or lose their stake.

investment adviser financial

An investment adviser is a person or firm that professionally manages money and gives recommendations about buying, selling, or holding investments. Like a financial coach or guide, they have a legal duty to act in a client's best financial interest, so their advice, fees and potential conflicts can directly affect returns and risk — making their role important for investors who want informed, accountable help with portfolios.

broker-dealer financial

A broker-dealer is a licensed firm or individual that both executes trades on behalf of clients (acting as a broker) and buys or sells securities for its own account (acting as a dealer). Investors care because broker-dealers provide the plumbing of markets — they place orders, hold or move cash and securities, offer research or advice, and their stability and fees directly affect trade execution, costs, and the safety of client funds; think of them as a combined travel agent and taxi for your investments.

state-chartered trust company regulatory

A state-chartered trust company is a financial firm licensed by a state government to hold and manage assets on behalf of individuals, families, or organizations, acting as a legal guardian for money, securities, and property. For investors this matters because the state charter determines what services the firm can offer, which regulator oversees it, and how its legal duties and risks are structured—similar to how a licensed guardian’s powers and protections depend on the state that appoints them.

SAN FRANCISCO--(BUSINESS WIRE)-- Forge Global, Inc. (“Forge”), a leading private markets platform, today announced that it has been selected as the Liquidating Trustee of the Liquidating Trust that will hold customer-linked assets following the Chapter 11 proceedings of Linqto, Inc.

Pursuant to the court-approved process, Forge will assume responsibility for administering assets held on behalf of former Linqto customers through post-emergence structures established under Linqto’s plan of reorganization. Forge’s role is to hold and administer these assets and support pathways for customers to realize value over time in accordance with the court-approved plan. This appointment is subject to final court approval and execution of the relevant legal agreements.

“Being entrusted with these assets is a responsibility we take very seriously,” said Kelly Rodriques, Chief Executive Officer of Forge. “Forge was built to operate at the intersection of private markets, regulatory rigor and investor trust. Our focus is on stewardship — ensuring these customer holdings are protected, well-administered and supported by the infrastructure required to navigate private market outcomes.”

Forge brings more than a decade of experience operating regulated private market infrastructure, including an SEC-registered investment adviser and broker-dealer, and a state-chartered trust company. Forge has facilitated more than $18 billion in private market transactions and currently supports billions of dollars in assets across investment vehicles and custodial accounts.

As part of the court-approved framework, customers will choose how their interests are managed, consistent with the options outlined in Linqto’s confirmed plan of reorganization. Forge will work closely with court-appointed stakeholders to ensure a smooth transition and clear, ongoing communications.

Additional details regarding next steps for customers will be communicated through official court-approved channels.

About Forge

Forge (NYSE:FRGE) is a leading provider of marketplace infrastructure, data services and technology and investment solutions for private market participants. Forge Securities LLC is a registered broker-dealer and a Member of FINRA that operates an alternative trading system. For more information, visit forgeglobal.com.

Forward-Looking Statements

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Press Contact

Lindsay Riddell

press@forgeglobal.com

Source: Forge Global