Forge Global Eyes Expansion with $10 Million Accuidity Acquisition

Forge Global Holdings, Inc. has announced its intention to acquire Accuidity Capital Management through a non-binding term sheet. This strategic move involves acquiring 100% of Accuidity's equity interests with a purchase consideration of $10 million in cash and 1.15 million shares of Forge common stock. The transaction includes certain vesting conditions and potential earn-out provisions, subject to milestones by 2027. Accuidity is recognized for its private investment products, and this acquisition aims to bolster Forge's asset management capabilities. Notably, Accuidity's Megacorn Fund has made strides to register as a publicly traded index fund with the SEC. Forge anticipates that the acquisition will drive growth in earnings per share (EPS) and advance its goal to achieve adjusted EBITDA breakeven by 2026. The company reported having $93.1 million in cash and equivalent assets as of March 31, 2025, and recently executed a 1-for-15 reverse stock split to streamline its share structure. Forge's share price reflected optimism, trading at $8.82 premarket, up 2.08% after the announcement.