secwatch.observer — SEC 8-K summary
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Issuer:     Forge Global Holdings, Inc. (—)
CIK:        0001827821
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001628280-24-035659
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Forge Global Q2 revenue up 15% QoQ to $22M; COO Drew Sievers to depart Dec 31
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- Total revenue less transaction-based expenses $22.0M (+32% YoY); net loss narrowed to $14.0M from $19.0M QoQ.
- Trading volume $426.3M (+178% YoY); net take rate 2.7% (down from 3.2% prior quarter).
- Planned expense reductions expected to save $11.3M annually, including ~11% headcount reduction.
- COO Drew Sievers to separate effective Dec 31, 2024 per mutual agreement.
- Cash and equivalents $120.5M; adjusted EBITDA loss improved to $7.9M from $13.5M QoQ.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1827821/000162828024035659/0001628280-24-035659-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1827821/000162828024035659/forge-20240807.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-035659

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