Forge Glo Hldg Stock Price, News & Analysis

Forge Global Holdings (NYSE: FRGE) has announced a 1-for-15 reverse stock split of its Common Stock, effective April 14, 2025. The split-adjusted trading will commence on April 15, 2025, on the New York Stock Exchange.

The reverse split, approved by stockholders on March 27, 2025, aims to bring the company into compliance with NYSE's minimum bid price requirement. For every 15 current shares, stockholders will receive 1 new share. The stock will continue trading under 'FRGE' with a new CUSIP number (34629L 202).

Fractional shares will be compensated in cash based on the April 11, 2025 closing price. Proportional adjustments will be made to equity incentive plans, stock options, restricted stock units, and outstanding warrants. Continental Stock Transfer & Trust Company will manage the exchange process.

Forge Global Holdings (NYSE: FRGE) has announced a groundbreaking partnership with Yahoo Finance to launch the industry's first private market hub, providing real-time pricing information for top unicorn companies. The collaboration introduces the first large-scale public-to-private company comparison tool using Forge's proprietary pricing data.

Through this initiative, investors will gain access to real-time pricing and valuation data for late-stage U.S. private companies before they go public. The platform integrates both public and private company data, allowing investors to track and compare performance of private companies that can be traded through the Forge platform.

The partnership aims to democratize private market access through Forge Price, offering unprecedented access to private market data. The service will be available to all Yahoo Finance visitors across their website and mobile apps, with plans to expand to multiple countries across Europe, the Americas, Asia and South Pacific.

Forge Global Holdings (NYSE: FRGE) has appointed Brian McDonald to its Board of Directors, including positions on its Audit and Risk Committees. McDonald brings extensive financial services experience, most recently serving as Managing Director and Head of Direct and Institutional Businesses at Morgan Stanley, where he led Morgan Stanley at Work.

Prior to Morgan Stanley, McDonald spent over 20 years at Charles Schwab as Senior Vice President, leading workplace and retail service functions. He currently serves as an Executive in Residence at TIFIN, an AI platform for asset, wealth, and insurance services, and holds board positions at two companies. McDonald's expertise spans financial technology, equity compensation, and digital business strategy.

Forge Global Holdings (NYSE: FRGE) reported its Q4 and fiscal year 2024 results, showing strong annual growth despite quarterly challenges. Total revenue less transaction-based expenses reached $78.7 million, up 13% year-over-year, driven by a 46% increase in marketplace revenues to $37.0 million.

Key annual metrics include:

• Trading volume up 73% to $1.3 billion
• Total custodial accounts up 14% to 2.38 million
• Assets under custody up 8% to $16.9 billion
• Net loss improved 26% to $67.8 million

Notable developments include the board's authorization of a $10 million share repurchase program and the launch of new products including Forge Price, Private Magnificent 7, and Forge Pro. The company ended 2024 with $105.1 million in cash and cash equivalents.

Forge Global Holdings (NYSE: FRGE), a leading global private securities marketplace, announced that CEO Kelly Rodriques will participate in a fireside chat at the Citizen JMP Technology Conference in San Francisco. The event is scheduled for March 4th, 2025, at 3:00 p.m. Eastern Time (12:00 p.m. Pacific Time). A live and archived webcast of the presentation will be available through Forge's Investor Relations website at ir.forgeglobal.com.

Forge Global Holdings (NYSE: FRGE), a leading global private securities marketplace, has announced it will release its Fourth Quarter and Full Year Fiscal 2024 Financial Results on Wednesday, March 5th, 2025. The company will host a conference call and webcast at 4:30 p.m. Eastern Time / 1:30 p.m. Pacific Time following the release of its earnings materials and investor supplemental.

Interested parties can access the conference call via telephone by dialing 1 (800) 715-9871, or 1 (646) 307-1963 for international callers, using conference ID 6194475. A live and archived webcast will be available through the company's investor relations website.

Forge Global Holdings (NYSE: FRGE) has appointed James Nevin, former London Stock Exchange Group (LSEG) executive, as its new CFO effective January 20, 2025. Nevin will succeed Mark Lee, who has served as CFO since 2018 and will transition to Chief of Strategic Wealth Solutions.

Nevin brings over 25 years of financial and capital markets experience, including significant tenure at LSEG where he held various leadership positions such as Managing Director of Funds, Research and Content business lines, and CFO of the Information Services division. At LSEG, he was responsible for driving growth in various data and analytics products and oversaw financial operations for divisions including FTSE Russell Indexes.

CEO Kelly Rodriques emphasized that Nevin's experience in transforming LSEG from an exchange into a data and index business aligns with Forge's goals of increasing revenue, expanding margins, and achieving profitability as they grow globally.

Forge Global Holdings (NYSE: FRGE), a leading private securities marketplace, has received a notice from the NYSE regarding non-compliance with Rule 802.01C of the NYSE's Listed Company Manual. The rule requires companies to maintain a minimum average closing share price of $1.00 over a consecutive 30 trading-day period.

The notification, received on December 31, 2024, does not immediately impact FRGE's NYSE listing. The company has a six-month cure period to regain compliance, which can be achieved if the stock closes at $1.00 or above and maintains an average closing price of at least $1.00 over a 30-day trading period. Forge plans to notify the NYSE within 10 business days of its intent to regain compliance and is considering various options, including a potential reverse stock split subject to stockholder approval.

Forge Global Holdings reported Q3 2024 financial results with total revenue of $19.1 million, up 4% year-over-year. Trading volume reached $338.1 million, increasing 44% from the year-ago quarter. The company reported a net loss of $18.8 million and an Adjusted EBITDA loss of $11.4 million. Marketplace revenues grew 21% year-over-year to $8.6 million. Notable developments include the launch of Forge Price, providing daily pricing for approximately 250 pre-IPO companies, and the introduction of the Private Magnificent 7 initiative. The company maintained $114.5 million in cash and cash equivalents as of September 30, 2024.