---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-018559"
form_type: "8-K"
ticker: "FGNV"
cik: "0001687919"
company_name: "FORGE INNOVATION DEVELOPMENT CORP."
filed_at: "2025-10-20T23:59:59+00:00"
generated_at: "2026-05-17T03:14:59.388477+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Forge exits Legend LP partnership, recovers 1.97M shares in no-cash restructuring

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-25-018559
- form_type: 8-K
- ticker: FGNV
- cik: 0001687919
- company_name: FORGE INNOVATION DEVELOPMENT CORP.
- filed_at: 2025-10-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.02, 2.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1687919/000149315225018559/0001493152-25-018559-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1687919/000149315225018559/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-018559
- JSON: https://secwatch.observer/filing/0001493152-25-018559.json
- Plain text: https://secwatch.observer/filing/0001493152-25-018559.txt

## Key facts
- M&A Transactions
  FORGE INNOVATION DEVELOPMENT CORP. completed a disposition involving Legend Investment Management LLC (closed 2025-07-27).
  - Action: disposition
  - Counterparty: Legend Investment Management LLC
  - Closing: 2025-07-27
  source text: On July 27, 2025, Forge Innovation Development Corp. (the “Company” or “Forge”) completed an internal restructuring transaction involving its partnership interest in Legend International Investment LP (“Legend LP”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1687919/000149315225018559/0001493152-25-018559-index.htm

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