FRGE News & Events

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 (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.