Forge Global files audited assets schedule for Accuidity; SEC accepts substitution

Rhea-AI Filing Summary

Forge Global Holdings, Inc. filed an amended Form 8-K disclosing that it has included an Audited Statement of Assets Acquired and Liabilities Assumed of Accuidity as of July 1, 2025, with notes and an independent auditor's report by Wild, Maney & Resnick, LLP, filed as Exhibit 99.1. The SEC, via a letter dated July 24, 2025, advised the company that the audited statement may be provided in lieu of Accuidity's historical financial statements and any pro forma financial statements for purposes of complying with the requirements of Rule 3-05 of Regulation S-X.

Positive

• Audited statement filed as Exhibit 99.1, providing independent attestation of assets acquired and liabilities assumed as of July 1, 2025
• SEC communication dated July 24, 2025 confirms that the audited statement may substitute for historical and pro forma financial statements under Rule 3-05

Negative

• No historical income statement, cash flow, or pro forma financial statements for Accuidity are included in this amendment
• Filing lacks transaction consideration, purchase price allocation, and integration impact, limiting investor assessment of material financial effects

Insights

M&A Specialist

TL;DR: Company provided audited asset/liability statement for acquisition and obtained SEC concurrence to use it instead of full historical financials.

The filing confirms that Forge Global included an audited statement of assets acquired and liabilities assumed for Accuidity dated July 1, 2025, and that the SEC agreed the statement can substitute for historical and pro forma financial statements under Rule 3-05. This procedural accommodation streamlines compliance following the acquisition but does not disclose transaction consideration, integration effects, or historical operating results for Accuidity. Investors receive limited but auditor-reviewed balance-sheet level detail; material financial performance and pro forma impacts remain unavailable in this filing.

Financial Reporting Analyst

TL;DR: Audited assets-and-liabilities schedule filed as Exhibit 99.1; SEC accepted it in place of Rule 3-05 financials and pro forma statements.

The company has satisfied a compliance pathway by filing an auditor-attested statement of assets acquired and liabilities assumed for Accuidity and documenting the SEC's written view that it can be used in lieu of full historical and pro forma financial statements under the cited rules. The disclosure addresses a specific regulatory requirement but contains no revenue, expense, or cash-flow details for Accuidity in this amendment, limiting assessment of the acquisition's financial impact.

8-K Event Classification

Item 9.01 — Financial Statements and Exhibits

1 item

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Forge Global (FRGE) file in the 8-K/A regarding Accuidity?

The company filed an Audited Statement of Assets Acquired and Liabilities Assumed of Accuidity as of July 1, 2025, included as Exhibit 99.1.

Did the SEC accept the audited statement in place of full financials?

Yes. A letter from the SEC dated July 24, 2025 advised that the audited statement may be provided in lieu of Accuidity's historical financial statements and pro forma statements under Rule 3-05 of Regulation S-X.

Does the 8-K/A include Accuidity's historical revenue or earnings?

No. The amendment discloses only the audited assets and liabilities assumed; it does not include historical revenue, net income, or cash flow statements.

Where can investors find the audited statement referenced in the filing?

The audited statement, its notes, and the auditor's report are filed as Exhibit 99.1 to the amendment.

Does this filing show the purchase price or financial impact on Forge Global?

No. The amendment does not disclose purchase price, purchase accounting, or pro forma effects on Forge Global's financial statements.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 09/16/2025 - 05:45 PM Learn about SEC filing dates

0001827821FALSE00018278212025-09-112025-09-11

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K/A

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): July 2, 2025

Forge Global Holdings, Inc.

(Exact name of registrant as specified in its charter)

Delaware			001-39794			99-4383083
(State or other jurisdiction of incorporation)			(Commission File Number)			(I.R.S. Employer Identification No.)

4 Embarcadero Center Floor 15 San Francisco, California (Address of principal executive offices) 94111 (Zip Code)

(415) 881-1612

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $0.0001 par value per share

FRGE

NYSE

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Explanatory Note

On July 1, 2025, Forge Global Holdings, Inc., a Delaware corporation (the “Company”), Accuidity, LLC, a Delaware limited liability company ( “Accuidity”), Margo Merger Sub I, LLC, a Delaware limited liability company and a wholly owned indirect subsidiary of the Company (“Merger Sub I”) and Margo Merger Sub II, LLC, a Delaware limited liability company and a wholly owned indirect subsidiary of the Company (“Merger Sub II”) completed the transactions contemplated by that certain Agreement and Plan of Merger, dated as of July 1, 2025 (the “Merger Agreement”), by and among the Company, Accuidity, Merger Sub I, Merger Sub II and Kostka LLC, a New York limited liability company, solely in its capacity as representative of the securityholders of Accuidity for certain purposes described in the Merger Agreement. Pursuant to the Merger Agreement, (i) Merger Sub I merged with and into Accuidity, with Accuidity surviving the merger as a wholly owned indirect subsidiary of the Company (the “Surviving Company”, and such merger, the “First Merger”) and (ii) the Surviving Company merged with and into Merger Sub II, with Merger Sub II surviving the merger as a limited liability company and indirect wholly owned subsidiary of Company (the “Surviving Entity” and such merger, the “Second Merger”, and collectively with the First Merger, the “Acquisition”).

This Current Report on Form 8-K/A amends Item 9.01 of the Current Report on Form 8-K filed by the Company on July 2, 2025 to include the historical financial statements of Accuidity and the pro forma financial information required by Item 9.01 of Form 8-K, attached hereto as Exhibits 99.1 and 99.2. The pro forma financial information included in this Form 8-K/A has been presented for informational purposes only, as required by Form 8-K. It does not purport to represent the actual results of operations that the Company and Accuidity would have achieved had the companies been combined during the periods presented in the pro forma financial information and is not intended to project the future results of operations that the combined company may achieve as a result of the Acquisition. Except as described above, all other information in the Company’s Current Report on Form 8-K filed on July 2, 2025 remains unchanged.

Item 9.01 Financial Statements and Exhibits.

(a) Financial Statements of Business Acquired.

The Audited Statement of Assets Acquired and Liabilities Assumed of Accuidity as of July 1, 2025, the notes related thereto, and the related report of Wild, Maney & Resnick, LLP, Accuidity’s independent registered public accounting firm as of July 1, 2025, are filed as Exhibit 99.1 and incorporated herein by reference.

Pursuant to a letter dated July 24, 2025 from the Securities and Exchange Commission’s Division of Corporation Finance (the “SEC”), based on information the Company provided to the SEC, the SEC advised that the Company could provide the Audited Statement of Assets Acquired and Liabilities Assumed in lieu of the financial statements of Accuidity and any pro forma financial statements pursuant to Rule 11-01 for the purpose of complying with the requirements of Rule 3-05 of Regulation S-X.

(b) Pro Forma Financial Information.

The unaudited pro forma condensed combined balance sheet of the Company and Accuidity as of June 30, 2025, the unaudited pro forma condensed combined statement of operations for the six months ended June 30, 2025, and the notes related thereto, are filed as Exhibit 99.2 and incorporated herein by reference.

(d) Exhibits.

The exhibits listed on the Exhibit Index are incorporated herein by reference.

Exhibit Number			Description
23.1			Consent of Wild, Maney & Resnick LLP, independent registered public accounting firm of Accuidity.
99.1			Audited Statement of Assets Acquired and Liabilities Assumed of Accuidity and its subsidiaries as of July 1, 2025, and the notes related thereto.
99.2			Unaudited pro forma condensed combined balance sheet for the Company and Accuidity as of June 30, 2025, unaudited pro forma condensed combined statement of operations for the Company and Accuidity for the six months ended June 30, 2025, and the notes related thereto.

SIGNATURE

Pursuant to the requirements of the Exchange Act, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			Forge Global Holdings, Inc.
Date: September 16, 2025			By:			/s/ Kelly Rodriques
			Name:			Kelly Rodriques
			Title:			Chief Executive Officer