Forge Global Holdings Inc (FRGE) News & EventsFRGENews & EventsForge Global Holdings Inc

Forge Global Shareholders Approve Acquisition by Charles Schwab

Forge Global (FRGE) announced that Forge's stockholders approved all proposals related to the previously announced acquisition of Forge by The Charles Schwab Corporation (SCHW). A total of 9,687,311 shares of Forge's common stock were represented in person or by proxy at Forge's special stockholder meeting, representing 69.97% of the total voting power of the holders of Forge's common stock, which constituted a quorum for the transaction of business at the meeting. Approximately 69.81% of the votes cast at the Special Meeting voted to approve the proposal to adopt the merger agreement entered into by Forge and Schwab, and approximately 68.95% of the votes cast at the Special Meeting voted to approve, on a non-binding, advisory basis, certain compensation arrangements for Forge's named executive officers in connection with the acquisition. Due to the stockholders' approval of the merger agreement proposal, a vote on the proposal to adjourn the Special Meeting was not called. The acquisition of Forge by Schwab is expected to close in the first half of 2026, subject to customary closing conditions, including regulatory approvals.

Charles Schwab Sees FY26 NIM at 2.85%-2.95%

Charles Schwab (SCHW) sees FY26 NIM 2.85%-2.95%, with Q4 NIM in low 290s bp area and FY26 average interest-earning assets expanding modestly vs. prior year. Sees FY26 adjusted expenses up 5.5%-6.5% vs. FY25. Sees FY adjusted pre-tax margin expanding further into low 50% zone. Notes that Forge Global (FRGE) is not included within FY26 scenario. Comments taken from investor presentation slides.

Charles Schwab to purchase Forge Global for $45 per share in cash, totaling approximately $660 million.

The Charles Schwab Corporation (SCHW) announced it has entered into a definitive agreement to acquire Forge Global Holdings (FRGE) in a transaction valued at approximately $660M. Forge operates the premier private market platform and a leading trading marketplace through which investors have bought and sold more than $17B in private company shares. Under the terms of the agreement, Schwab will acquire all of Forge's issued and outstanding common shares for $45 cash per Common Share. The transaction has been unanimously approved by the Boards of Directors of Schwab and Forge. The transaction is expected to close in the first half of 2026, subject to customary closing conditions, including approval by Forge's stockholders and regulatory approvals. Forge's two largest stockholders, Motive Capital and Deutsche Borse, have entered into agreements committing to support the transaction.