Forge Global (FRGE) Approves Reverse Share Split

At the Special Meeting of Stockholders of Forge Global (NYSE: FRGE) held on March 27, 2025 (the “Special Meeting”), the stockholders of the Company approved an amendment to the Company’s Certificate of Incorporation to effect a reverse stock split of the Company’s issued and outstanding shares of common stock, par value $0.0001 per share (the “Common Stock”), at a ratio ranging from 1-for-3 to 1-for-50, inclusive, with such ratio to be determined at the discretion of the Company’s Board of Directors and with such reverse stock split to be effected at such time and on such date as determined by the Board of Directors in its sole discretion (but in no event later than March 27, 2026) (the “Reverse Stock Split Proposal”).
The proposal is described in detail in the Company’s Definitive Proxy Statement filed with the Securities and Exchange Commission on February 27, 2025.
The number of shares of Common Stock entitled to vote at the Special Meeting was 187,950,972. The number of shares of Common Stock present or represented by valid proxy at the Special Meeting was 138,518,215.
At the Special Meeting, the Company’s stockholders approved the Reverse Stock Split Proposal. The results of the voting included 136,603,251 votes for, 1,764,071 votes against and 150,893 votes abstained. There were no broker non-votes regarding this proposal.

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