{"filings":[{"id":123600,"accession_number":"0001493152-25-018559","cik":1687919,"company_name":"FORGE INNOVATION DEVELOPMENT CORP.","ticker":"FGNV","form_type":"8-K","filed_at":"2025-10-20T23:59:59+00:00","items":["1.02","2.01","8.01","9.01"],"status":"ready","headline":"Forge exits Legend LP partnership, recovers 1.97M shares in no-cash restructuring","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Forge voluntarily returned its 51% stake in Legend International Investment LP to Legend LLC on July 27, 2025.","Legend LLC returned 1,967,143 Forge common shares originally issued as consideration in the 2023 acquisition.","Legend LP faces severe financial hardship and imminent foreclosure; Forge unable to provide further support.","Forge no longer holds ownership, management, or financial rights in Legend LP; it ceases to be consolidated.","Board authorized transaction; pro forma financials to be filed within 71 days; impact in Q3 2025 10-Q."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":1140000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":299838,"accession_number":"0001493152-23-019740","cik":1687919,"company_name":"FORGE INNOVATION DEVELOPMENT CORP.","ticker":"FGNV","form_type":"8-K/A","filed_at":"2023-06-01T23:59:59+00:00","items":["9.01"],"status":"ready","headline":"Forge files audited financials of acquired Legend LP; $1.03M net loss, going concern doubt","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Acquired 51% of Legend LP on 3/24/23 via related-party transaction with entity controlled by relative of Forge's President.","Legend LP 2022 net loss $1,033,194 on total revenue of $408,796; operating expenses $1,130,054.","Accumulated deficit $13.65M, negative working capital $4.47M as of Dec 31, 2022.","Auditor expressed substantial doubt about Legend LP's ability to continue as a going concern.","Legend LP's primary asset: a 48,722 sq ft grocery-anchored shopping center in Jurupa Valley, CA, net book value $7.95M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":1140000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":319935,"accession_number":"0001493152-23-008857","cik":1687919,"company_name":"FORGE INNOVATION DEVELOPMENT CORP.","ticker":"FGNV","form_type":"8-K","filed_at":"2023-03-24T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Forge Innovation acquires 51% of Legend LP (owns Mission Marketplace) via stock issuance","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Issued 1,967,143 common shares at $0.70/sh ($1.377M value) for 77.3% of seller's 66% interest, gaining 51% control of Legend LP.","Legend LP owns Mission Marketplace, a 48,722 sq ft grocery-anchored center on 4.51 acres in Jurupa Valley, CA.","Related-party transaction: seller Legend Investment Management LLC is an affiliate of Forge; retains 15% of Legend LP.","Legend LP net value ~$2.7M based on Feb 2023 appraisal, Feb 28 net book value, and new loan from third-party lender.","Financial statements and pro forma to be filed within 71 days after this 8-K due date."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":1140000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":319934,"accession_number":"0001493152-23-001291","cik":1687919,"company_name":"FORGE INNOVATION DEVELOPMENT CORP.","ticker":"FGNV","form_type":"8-K","filed_at":"2023-01-12T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Director Hengjiang Pang resigns from Forge Innovation Development board","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Mr. Hengjiang Pang resigned as Director on January 11, 2023 for personal reasons.","Resignation not due to any disagreement with the Company.","Company thanked Mr. Pang for his contributions to the Board."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":1140000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":null}