m_and_a
confidence high
sentiment positive
materiality 0.70
Forge Global closes Accuidity acquisition; $10M cash + 1.15M shares + earn-out up to 1M shares
Forge Global Holdings, Inc.
- Acquisition completed July 1, 2025; total consideration $10M cash (subject to adjustments) and 1.15M FRGE shares.
- Accuidity adds ~$220M AUM; combined with Forge's $1.1B AUM and $17.6B AUC.
- Accuidity reported revenue of ~$5.7M for 12 months ended May 31, 2025; Forge expects deal to be accretive to EPS.
- Forge plans to transition Accuidity's Megacorn Fund into an interval fund under the 1940 Act, subject to SEC approval.
- Earn-out up to 1M additional shares subject to performance milestones through end of 2027.
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