other material
confidence high
sentiment neutral
materiality 0.50
Forge Global Holdings effectuates 1-for-15 reverse stock split effective April 14
Forge Global Holdings, Inc.
- Board approved 1-for-15 ratio on March 28; stockholders authorized range of 1:3 to 1:50.
- Trading on NYSE under FRGE begins on split-adjusted basis April 15; new CUSIP 34629L202.
- No fractional shares issued; holders receive cash based on NYSE closing price April 11.
- Authorized common shares reduced proportionally; par value and preferred shares unchanged.
- Proportional adjustments made to equity awards, outstanding options, and warrants.