m_and_a
confidence high
sentiment neutral
materiality 0.75
Forge Global closes Accuidity acquisition for $31.2M; issues pro forma financials
Forge Global Holdings, Inc.
- Total purchase consideration ~$31.2M: $9.8M cash, 1.15M shares of FRGE common stock at $18.70, plus contingent earnout up to $6M.
- Goodwill of $24.3M and intangible assets of $6.65M recorded; amortization over 3-10 years.
- Earnout tied to SEC approval of Megacorn Fund (first tranche up to $4.2M) and 2026/2027 Recurring Net Revenue targets (up to $5.4M and $8.3M).
- Pro forma combined cash $44.9M, total assets $314.0M; combined net loss $(28.7)M for six months ended June 30, 2025.
- Acquisition adds Accuidity's private market index fund capabilities to Forge's platform.
item 9.01