Welcome to our dedicated page for Forge Glo Hldg news (Ticker: FRGE), a resource for investors and traders seeking the latest updates and insights on Forge Glo Hldg stock.
Forge Global Holdings, Inc. (NYSE: FRGE) is described in company and partner communications as a provider of marketplace infrastructure, data services, and technology and investment solutions for the private market. The FRGE news page on Stock Titan aggregates coverage of Forge’s announcements, partnerships, corporate actions and regulatory disclosures, giving investors and observers a single place to review how the company’s private market platform is evolving.
News about Forge frequently highlights its role in private securities trading and liquidity. Articles include updates on partnerships, such as the referral arrangement with Silicon Valley Bank that gives SVB clients access to Forge’s private liquidity solutions, and the appointment of Forge Europe UK Ltd as a Registered Auction Agent on the London Stock Exchange’s Private Securities Market under the UK’s PISCES framework. These items show how Forge connects private companies, shareholders and eligible investors to structured liquidity events and auction-based trading venues.
Corporate and strategic developments are also central to FRGE news. Investors can find coverage of the Agreement and Plan of Merger with The Charles Schwab Corporation, under which a Schwab subsidiary will merge with and into Forge and Forge will become a wholly owned subsidiary of Schwab if the transaction closes under the conditions described in the merger agreement. Related filings and press releases discuss the proposed cash consideration per share, stockholder approval process, regulatory conditions and subsequent litigation and supplemental proxy disclosures.
Additional news items cover Forge’s acquisition of Accuidity, LLC, executive equity and compensation actions in the context of the pending Schwab merger, and its selection, subject to court approval, as Liquidating Trustee for customer-linked assets following Chapter 11 proceedings of Linqto, Inc. Readers can also see research-oriented announcements such as the "Private Magnificent 7" report, as well as notices of upcoming earnings releases and participation in investor and industry conferences.
By reviewing the FRGE news feed, users can follow how Forge’s private market platform, regulatory relationships, partnerships and corporate structure are addressed in public communications and SEC-related announcements over time.
Forge Global Holdings (NYSE: FRGE), a leading provider of marketplace infrastructure, data services, and technology solutions for the private market, has scheduled its First Quarter Fiscal 2025 Financial Results conference call for Wednesday, May 7th, 2025 at 8:00 a.m. Eastern Time. The company has already released its Preliminary 1Q25 Financial Results on April 10th, 2025.
Investors can access the conference call via telephone by dialing 1 (800) 715-9871 (US) or 1 (646) 307-1963 (international) with conference ID 6194475. A live and archived webcast will be available at ir.forgeglobal.com.
Forge Global Holdings (NYSE: FRGE) has appointed Greg Lee to lead its trading and data platform business. Lee will oversee trading, execution, and go-to-market strategies for the next generation of Forge's integrated platform.
Lee brings over two decades of leadership experience in global financial institutions, specializing in electronic trading, product innovation, and market infrastructure transformation. At Paxos, as Managing Director, he developed competitive clearing solutions challenging NSCC/DTCC systems. During his time at Barclays, Lee drove significant growth in electronic and algorithmic trading while leading strategic investments in cross-asset platforms, data science, and trading technologies.
Prior to this permanent role, Lee served as a management consultant to Forge, demonstrating strategic insight and understanding of the company's vision.
Forge Global Holdings (NYSE: FRGE) has partnered with Intercontinental Exchange (NYSE: ICE) to distribute Forge Price™, a proprietary pricing dataset for private company equity. The dataset provides indicative price performance for approximately 200 venture-backed, pre-IPO companies, calculated using various inputs including funding round information, deal history, secondary market transactions, and platform interest indicators.
Through ICE's distribution channels, institutional investors can utilize Forge Price™ for private share trading price discovery, position marking, back-test analysis, asset allocation decisions, and risk exposure management. The tool also enables financial product innovation, including index and thematic basket creation, potentially facilitating ETF-like exposure to private markets.
Forge Global Holdings (NYSE: FRGE) has entered into a non-binding term sheet to acquire Accuidity Capital Management, a specialized private investment asset management firm. The initial purchase terms include $10.0 million in cash and 1.15 million shares of Forge common stock, with 483,333 shares subject to employment-related vesting.
The deal includes potential earn-out consideration of up to 1 million additional shares based on operational and revenue milestones through 2027. Accuidity manages the Megacorn Fund, the first institutionally managed index fund tracking private, late-stage growth companies through the Forge Accuidity Private Market Index.
If completed, Forge expects the acquisition to be EPS accretive, add new recurring revenue streams, and help achieve Adjusted EBITDA breakeven in 2026. The transaction remains subject to due diligence, definitive agreement, and regulatory approvals.
Forge Global Holdings (NYSE: FRGE) reported preliminary Q1 2025 results, achieving its highest revenue quarter as a public company. Total revenues less transaction-based expenses reached $24.9-25.1 million, up from $18.3 million in the previous quarter.
Key highlights include:
- Trading volume surged 132% to $692.5 million
- Marketplace revenues increased to $15.7-15.8 million from $8.4 million
- Net take rate declined to 2.3% due to client mix and large block trades
- Custodial administration fees decreased to $9.2-9.3 million from $9.8 million
- Net loss estimated at ($16.2-16.7) million
- Adjusted EBITDA loss of ($8.9-9.3) million
- Cash and equivalents totaled $93.1 million, down from $106.2 million
The company attributes the strong performance to improving market dynamics, post-election momentum, and several large institutional block trades.
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.
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