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Forge Global Holdings Inc (FRGE) operates a leading financial technology platform specializing in private market liquidity solutions. This news hub provides investors and market participants with essential updates on corporate developments, strategic partnerships, and operational milestones.
Access authoritative coverage of FRGE's marketplace infrastructure innovations, regulatory compliance updates, and data-driven insights shaping private securities trading. Our curated news collection helps stakeholders track earnings announcements, leadership changes, and technology enhancements critical to private market transactions.
Discover comprehensive reporting on Forge Global's custody services, transaction platform upgrades, and market analysis tools. The resource serves institutional clients, accredited investors, and financial professionals seeking to monitor the company's role in advancing private capital markets.
Bookmark this page for continuous access to verified FRGE announcements and third-party analysis. Stay informed about the evolving private market landscape through Forge Global's technological advancements and financial service expansions.
Forge Global Holdings (NYSE: FRGE) has appointed Johnathan H. Short as Chief Legal Officer and promoted Jose Cobos to President. Short brings 14 years of experience from the Intercontinental Exchange, where he oversaw legal and regulatory affairs, contributing to its growth into a $45 billion entity. Cobos, who joined Forge in 2019, has played a key role in the company's transition from private to public. These strategic appointments aim to bolster Forge's leadership as it seeks to enhance its marketplace for private securities.
Forge Global Holdings announced the completion of the redemption of its public and forward purchase warrants effective July 11, 2022. This move was prompted by Forge's common stock trading above $18.00 for 20 out of the last 30 trading days. Approximately 2 million of 18,466,604 warrants were exercised, generating around $22.9 million in cash. The redemption streamlined Forge's capital structure, reducing potential dilution and impacting diluted shares outstanding, now approximately 188 million. The company's common stock continues trading on NYSE under the symbol 'FRGE'.
Forge Global Holdings (NYSE: FRGE) announced the redemption of all outstanding Public Warrants and forward purchase warrants, streamlining its capital structure. Holders must exercise their Public Warrants by 5:00 p.m. EDT on July 11, 2022, or they will be void. The redemption price is set at
Forge Global Holdings, Inc. (NYSE: FRGE) announced the appointment of Asiff Hirji to its Board of Directors, effective June 1. Hirji will also serve on the Risk Committee. His extensive experience, particularly in information technology and financial services, is expected to bolster Forge's growth in the private market sector. Previously, Hirji has held significant positions including President of Figure Technologies and President and COO of Coinbase. He is also recognized for his roles at TPG Capital and TD Ameritrade.
Forge Global Holdings (NYSE: FRGE) will engage in investor meetings and presentations at two key conferences. The first is the William Blair Growth Stock Conference on
Forge Global Holdings (NYSE: FRGE), a prominent private securities marketplace, will engage with investors on May 24, 2022, at the J.P. Morgan 50th Annual Global Technology, Media and Communications Conference in Boston, MA. The Fireside Chat is scheduled for 4:10 p.m. Eastern Time. Stakeholders can access a webcast of the event, which will also be archived for on-demand viewing on Forge's Investor Relations website. Forge provides infrastructure and solutions for private market participants, enhancing accessibility and transparency.
Forge Global Holdings (NYSE: FRGE) reported financial results for Q1 2022, with total revenue less transaction-based expenses at $19.9 million, down from $31.1 million year-over-year. The company experienced a net loss of $64.4 million, affected by one-time expenses related to its recent business combination. Trading volume declined by 45% year-over-year to $418 million, while total assets under custody rose 8% to $14.9 billion. Despite signing strategic agreements and launching new products, Forge refrained from providing 2022 guidance due to market volatility.
Forge Global Holdings, Inc. (NYSE: FRGE) has announced it will report its First Quarter 2022 financial results on May 16, 2022. The company will host a conference call and webcast at 2:00 p.m. PT / 5:00 p.m. ET to discuss the earnings and outlook. Investors can access the call by dialing +1 (888) 440-4165 (US) or +1 (646) 960-0858 (international), using the conference ID 5410143. A live and archived webcast will be available on the company's Investor Relations website.
Forge Global Holdings, Inc. (NYSE: FRGE) has appointed James H. Herbert, II to its Board of Directors effective April 12. Herbert, a financial services leader, brings extensive experience from his 36 years at First Republic Bank, where he served as Chairman and CEO. His appointment is expected to enhance Forge's strategic direction as he also joins the Compensation Committee. CEO Kelly Rodriques expressed enthusiasm about Herbert's leadership and regulatory experience contributing to Forge's growth in the private securities marketplace.
Forge Global Holdings, Inc. (NYSE: FRGE) began trading on the New York Stock Exchange on March 22, 2022, after completing a business combination with Motive Capital Corp, which closed on March 21, 2022. This merger resulted in gross cash proceeds of approximately $215.6 million for Forge Global, enhancing its capacity to expand its technology platform and network position. CEO Kelly Rodriques will lead the company, while Blythe Masters will remain on the board. The business combination aims to create greater liquidity opportunities in private markets.
