---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-008857"
form_type: "8-K"
ticker: "FGNV"
cik: "0001687919"
company_name: "FORGE INNOVATION DEVELOPMENT CORP."
filed_at: "2023-03-24T23:59:59+00:00"
generated_at: "2026-06-17T16:48:01.153089+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Forge Innovation acquires 51% of Legend LP (owns Mission Marketplace) via stock issuance

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-008857
- form_type: 8-K
- ticker: FGNV
- cik: 0001687919
- company_name: FORGE INNOVATION DEVELOPMENT CORP.
- filed_at: 2023-03-24T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1687919/000149315223008857/0001493152-23-008857-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1687919/000149315223008857/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-008857
- JSON: https://secwatch.observer/filing/0001493152-23-008857.json
- Plain text: https://secwatch.observer/filing/0001493152-23-008857.txt

## Key facts
- Material Agreements
  FORGE INNOVATION DEVELOPMENT CORP. entered into Asset Purchase Agreement with Legend Investment Management LLC ("Legend LLC" or the "Seller") valued at $1,377,000 (effective 2023-03-24).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Legend Investment Management LLC ("Legend LLC" or the "Seller")
  - Value: $1,377,000
  - Effective: 2023-03-24
  source text: On March 24, 2023, pursuant to an Asset Purchase Agreement between Forge Innovation Development Corp. (the "Company" or the "Buyer") and Legend Investment Management LLC ("Legend LLC" or the "Seller"), the Company acquired 77.3% of Legend LLC’s 66% ownership of Legend International Investment, LP ("Legend LP").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1687919/000149315223008857/0001493152-23-008857-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.