Forge Global (FRGE) Proposed Sale to Charles Schwab at $45 per Share Under Investigation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 07 2026
0mins
Should l Buy FRGE?
Source: PRnewswire
- Transaction Investigation: Former Louisiana Attorney General Charles C. Foti and Kahn Swick & Foti are investigating the proposed sale of Forge Global to Charles Schwab for $45 per share, aiming to assess whether this valuation adequately reflects the company's worth.
- Shareholder Rights Concern: The investigation focuses on the fairness of the transaction process, and if deemed inadequate, it could undermine shareholder confidence in the company's future value, potentially impacting stock performance.
- Legal Consultation Services: KSF offers no-obligation legal consultations, encouraging shareholders to discuss the potential undervaluation of the transaction, highlighting their commitment to protecting shareholder interests.
- Market Reaction Expectations: Should the investigation reveal unfair terms, it may provoke shareholder opposition, negatively affecting Forge Global's market performance and complicating its transaction with Schwab.
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Analyst Views on FRGE
Wall Street analysts forecast FRGE stock price to rise
3 Analyst Rating
0 Buy
3 Hold
0 Sell
Hold
Current: 44.740
Low
45.00
Averages
45.00
High
45.00
Current: 44.740
Low
45.00
Averages
45.00
High
45.00
About FRGE
Forge Global Holdings, Inc. is a provider of marketplace infrastructure, data services and technology solutions for private market participants. The flagship product of its private market platform is the Forge marketplace, which is designed to connect buyers looking to invest in private companies and sellers of company shares and related products. Its private company solutions deliver solutions to private companies for their liquidity and capital formation needs. Its asset management solution enhances investment through a suite of single asset funds that invest in private companies. Its data solutions provide clients with key insights into a traditionally opaque market and drive additional participation in its marketplace and platform generally. It also provides custodial services for self-directed retirement accounts, specializing in the custody of alternative assets to its clients. The Company's core technology infrastructure supports its products and services across all interfaces.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Shareholder Voting: At Forge's special shareholder meeting, a total of 9,687,311 shares of common stock were represented, accounting for 69.97% of the voting power, ensuring a quorum for the approval of the merger proposals.
- Merger Agreement Approval: Approximately 69.81% of shareholders voted in favor of the merger agreement with Charles Schwab, indicating strong confidence in the integration process, which is expected to enhance Forge's competitive position in the private market.
- Executive Compensation Arrangements: About 68.95% of votes supported non-binding advisory proposals regarding executive compensation related to the merger, reflecting shareholder recognition and trust in the management team.
- Expected Merger Timeline: The acquisition is anticipated to close in the first half of 2026, subject to customary closing conditions including regulatory approvals, laying a foundation for Forge's future growth and providing Schwab with opportunities to expand its market share.
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Earnings Report Anticipation: Charles Schwab is set to report its fourth-quarter earnings on Wednesday, with investors expecting strong performance.
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- Diverse Investment Opportunities: Investors looking to buy into SpaceX before the IPO can explore secondary market options through platforms like Hiive, EquityZen, and Forge Global, although these investments may result in indirect ownership of SpaceX shares, mitigating direct investment risks.
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