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Forge Global Holdings, Inc. reports developments in private-market infrastructure, including marketplace services, data services, technology and investment solutions for private market participants. Company announcements describe Forge Securities LLC, a FINRA-member registered broker-dealer that operates an alternative trading system, as well as Forge Europe UK Ltd's role as a Registered Auction Agent on the London Stock Exchange's Private Securities Market.
Recurring FRGE updates also cover operating and financial results, regulated private-market infrastructure, material agreements, shareholder voting matters, governance developments and capital-structure disclosures tied to the company's public-company history.
Forge Global Holdings (NYSE: FRGE), a prominent private securities marketplace, will engage with investors on May 24, 2022, at the J.P. Morgan 50th Annual Global Technology, Media and Communications Conference in Boston, MA. The Fireside Chat is scheduled for 4:10 p.m. Eastern Time. Stakeholders can access a webcast of the event, which will also be archived for on-demand viewing on Forge's Investor Relations website. Forge provides infrastructure and solutions for private market participants, enhancing accessibility and transparency.
Forge Global Holdings (NYSE: FRGE) reported financial results for Q1 2022, with total revenue less transaction-based expenses at $19.9 million, down from $31.1 million year-over-year. The company experienced a net loss of $64.4 million, affected by one-time expenses related to its recent business combination. Trading volume declined by 45% year-over-year to $418 million, while total assets under custody rose 8% to $14.9 billion. Despite signing strategic agreements and launching new products, Forge refrained from providing 2022 guidance due to market volatility.
Forge Global Holdings, Inc. (NYSE: FRGE) has announced it will report its First Quarter 2022 financial results on May 16, 2022. The company will host a conference call and webcast at 2:00 p.m. PT / 5:00 p.m. ET to discuss the earnings and outlook. Investors can access the call by dialing +1 (888) 440-4165 (US) or +1 (646) 960-0858 (international), using the conference ID 5410143. A live and archived webcast will be available on the company's Investor Relations website.
Forge Global Holdings, Inc. (NYSE: FRGE) has appointed James H. Herbert, II to its Board of Directors effective April 12. Herbert, a financial services leader, brings extensive experience from his 36 years at First Republic Bank, where he served as Chairman and CEO. His appointment is expected to enhance Forge's strategic direction as he also joins the Compensation Committee. CEO Kelly Rodriques expressed enthusiasm about Herbert's leadership and regulatory experience contributing to Forge's growth in the private securities marketplace.
Forge Global Holdings, Inc. (NYSE: FRGE) began trading on the New York Stock Exchange on March 22, 2022, after completing a business combination with Motive Capital Corp, which closed on March 21, 2022. This merger resulted in gross cash proceeds of approximately $215.6 million for Forge Global, enhancing its capacity to expand its technology platform and network position. CEO Kelly Rodriques will lead the company, while Blythe Masters will remain on the board. The business combination aims to create greater liquidity opportunities in private markets.