{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-034080","form_type":"8-K","ticker":null,"cik":"0001827821","company_name":"Forge Global Holdings, Inc.","filed_at":"2025-07-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.174829+00:00","generated_at":"2026-05-18T09:40:42.808453+00:00","sec_items":["1.01","2.01","9.01","3.02","5.02","7.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Forge Global closes Accuidity acquisition; $10M cash + 1.15M shares + earn-out up to 1M shares","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-034080","json":"https://secwatch.observer/filing/0001628280-25-034080.json","markdown":"https://secwatch.observer/filing/0001628280-25-034080.md","text":"https://secwatch.observer/filing/0001628280-25-034080.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1827821/000162828025034080/0001628280-25-034080-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1827821/000162828025034080/forge-20250702.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T09:40:42.808453+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0222afbe88cba3b8b4320cb006fcaec7f733b4c0","claim":"Forge Global Holdings, Inc. completed an acquisition involving Accuidity, LLC for $10.0 million in cash and 1,150,000 shares of Company Common Stock (closed 2025-07-01).","evidence_excerpt":"term used herein but not otherwise defined has the meaning given to it in the Merger Agreement. The Merger Agreement provides for consideration for the Acquisition of $10.0 million in cash (subject to customary adjustments) (the “Adjusted Cash Consideration”) and 1,150,000 shares of Company Common Stock (the “Closing Stock Consideration”) issued in a","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1827821/000162828025034080/0001628280-25-034080-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Accuidity, LLC"},{"label":"Consideration","value":"$10.0 million in cash and 1,150,000 shares of Company Common Stock"},{"label":"Closing","value":"2025-07-01"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}