Forge Glo Hldg Stock Price, News & Analysis

Forge Global Holdings (NYSE: FRGE) reported its Q1 2025 financial results, achieving its highest revenue quarter as a public company. Total revenues less transaction-based expenses reached $25.1 million, a 37% increase quarter-over-quarter. Trading volume surged to $692.4 million, up 132% from the previous quarter. However, the company reported an operating loss of $16.5 million and a net loss of $16.2 million. Key business developments include a non-binding LOI to acquire Accuidity Capital Management, partnerships with ICE to distribute Forge Price™, and collaboration with Yahoo Finance to launch the industry's first private market hub. The company's cash position stood at $93.1 million as of March 31, 2025. Forge recently completed a 15-for-1 reverse stock split on April 14, 2025.

Forge Global Holdings (NYSE: FRGE), a provider of private market infrastructure and solutions, has successfully regained compliance with NYSE's continued listing requirements. The company received confirmation from NYSE on May 1, 2025, after meeting the minimum share price requirement of $1.00 based on both its closing share price on April 30, 2025, and the average closing price over the preceding 30 trading days. This development ensures FRGE's continued listing on the NYSE, subject to maintaining compliance with other listing standards.

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.