Schwab Furnishes Details on Acquisition of Forge Global Holdings, Inc.
Summary
On November 6, 2025, The Charles Schwab Corporation (Schwab) announced a definitive agreement to acquire Forge Global Holdings, Inc. (Forge) for approximately $660 million, via Ex. 99.1 press release. This acquisition aims to create a premier destination to democratize access to private markets. Forge operates a leading private market platform and trading marketplace. Through Forge, investors have bought and sold more than $17 billion in private company shares.
Why It Matters
This acquisition, valued at approximately $660 million (via Ex. 99.1), is material as it expands Schwab's offerings into private markets. It aims to democratize access and enhance transparency for qualified investors, leveraging Forge's platform where over $17 billion in private company shares have been traded.
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Filing Details
Reported Items
Additional Information
- CIK Number
- 0000316709
- Filing Date
- Thursday, November 6, 2025
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- positive