Forge Glo Hldg - FRGE STOCK NEWS

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.

Forge Global Holdings (NYSE: FRGE), a provider of marketplace infrastructure, data services and technology solutions for private market participants, will release its Third Quarter Fiscal Year 2024 Financial Results on November 6th, 2024. The company will host a conference call and webcast at 4:30 p.m. Eastern Time to discuss financial and business results. Interested parties can access the conference via telephone at 1 (800) 715-9871 (US) or 1 (646) 307-1963 (international) with conference ID 6194475, or view the webcast through Forge's Investor Relations website.

Forge Global Holdings, Inc. (NYSE: FRGE) has unveiled Forge Price™, a revolutionary pricing model for pre-IPO venture-backed late-stage companies. This new offering, integrated into Forge Pro and related data products, provides a derived, indicative price calculated daily for approximately 250 companies. Forge Price synthesizes data from various sources, including secondary market transactions, recent funding rounds, and indications of interest on Forge.

The model offers faster and more frequent pricing updates compared to other sources, enabling more timely reflection of company value and price discovery. It's designed to enhance the marking of positions, portfolio valuation, and performance measurement in private investing. Forge Price is seamlessly integrated into Forge Pro, the company's institutional trading platform, and is accessible through API and file-based delivery for Forge customers.

Forge Global Holdings (NYSE: FRGE) has identified the Private Magnificent 7, a group of high-performing unicorns driving the U.S. innovation economy. These companies, including SpaceX, OpenAI, Stripe, Databricks, Fanatics, Scale AI, and Rippling, have shown superior growth and resilience during the recent market cycle. Spanning sectors like AI, Aerospace, Fintech, and Enterprise Software, they collectively account for $473 billion in implied valuation.

The Private Magnificent 7 has outperformed its public market counterpart by 16.9% in the 12-month period ending August 31, 2024, with a price performance increase of 55.3% compared to the public Magnificent 7's 38.4%. Forge's proprietary pricing model, Forge Price, was used to identify these companies based on criteria including size, share price performance, and market leadership.

Forge Global Holdings (NYSE: FRGE), a leading private securities marketplace, has announced that its CEO, Kelly Rodriques, will participate in a fireside chat at the Oppenheimer 27th Annual Technology, Internet & Communications Virtual Conference. The event is scheduled for Wednesday, August 14, 2024, at 12:25pm Eastern Time.

Investors and interested parties can access a live and archived webcast of the presentation from the 'Events & Presentations' section of Forge's Investor Relations website at https://ir.forgeglobal.com/. This virtual participation underscores Forge's commitment to engaging with the investment community and sharing insights about its role in the private securities market.

Forge Global Holdings (NYSE: FRGE) reported strong Q2 2024 results, with total revenue less transaction-based expenses increasing 15% quarter-over-quarter to $22.0 million. Marketplace revenues surged 35% to $11.4 million, while trading volume jumped 62% to $426.3 million. Despite these gains, the company still recorded a net loss of $14.0 million. To improve profitability, Forge announced planned expense reductions expected to save $11.3 million annually, including an 11% headcount reduction. The company also highlighted the adoption of its Private Market Index by Accuidity and its expansion into Europe. With $120.5 million in cash, Forge aims to accelerate its path to profitability while capitalizing on the reawakening private securities market.