Forge Global Stockholders Approve Acquisition by The Charles Schwab Corporation, Paving the Way for Strategic Expansion in Private Market Solutions
Forge Global Holdings, Inc. a leading provider of marketplace infrastructure, data services, and technology and investment solutions for participants in the private market, today announced that its stockholders have officially approved all proposals associated with the previously announced acquisition of Forge by The Charles Schwab Corporation (“Schwab”). This milestone brings Forge one step closer to joining forces with Schwab, a move anticipated to significantly expand access to private market investment opportunities for a broader base of investors.
The approval took place during Forge’s special stockholder meeting (“Special Meeting”), where a total of 9,687,311 shares of Forge’s common stock were represented either in person or by proxy. This accounted for 69.97% of the total voting power of Forge’s common stockholders, establishing a quorum and ensuring that the meeting could proceed with all planned votes.
The key proposal for the meeting—the adoption of the merger agreement between Forge and Schwab—received robust support from stockholders. Approximately 69.81% of the votes cast were in favor, reflecting strong shareholder confidence in the strategic alignment and long-term value of the transaction. In addition, stockholders voted on, in a non-binding advisory capacity, certain compensation arrangements for Forge’s named executive officers in connection with the acquisition, with 68.95% of the votes cast expressing approval. Given the affirmative outcome on the merger agreement proposal, there was no need to hold a vote on the proposal to adjourn the Special Meeting.
The transaction is expected to close during the first half of 2026, subject to customary closing conditions, including regulatory approvals. Once completed, the acquisition will allow Forge to leverage Schwab’s extensive resources and platform, strengthening its ability to provide seamless, innovative solutions to participants in the private market ecosystem.
About Forge
Forge (NYSE: FRGE) is a leading provider of marketplace infrastructure, data services, and technology and investment solutions for private market participants. Its services support a broad range of market activities, from trading private company shares to providing data-driven insights that inform investment decisions. Forge Securities LLC, a registered broker-dealer and member of FINRA, operates an alternative trading system, facilitating liquidity and efficiency in private markets.
With a focus on empowering investors and companies in the private sector, Forge has established itself as a key player in creating transparent, technology-driven solutions for complex market transactions. The combination with Schwab is expected to amplify Forge’s reach, delivering greater access, efficiency, and innovation for investors navigating private market opportunities.
