Charles Schwab to Acquire Forge Global in $660 Million Deal

Shares of Forge Global Holdings are in focus following a definitive agreement for its acquisition. The financial services firm Charles Schwab has committed to purchasing the private markets platform in an all-cash transaction valued at approximately $660 million. This development establishes a clear near-term trajectory for the stock's price.

The deal terms stipulate that Charles Schwab will pay $45.00 per share for all outstanding Forge Global equity. This price represents a definitive ceiling for the stock in the immediate future and underscores the ongoing consolidation trend within the private market access sector.

Key Transaction Details:
* Acquiring Party: Charles Schwab
* Offer Price Per Share: $45.00 (Cash)
* Total Enterprise Value: Approximately $660 million
* Recent Trading Price: $44.33 (as of December 9, 2025)

For current shareholders, the path forward presents two clear choices: sell shares at the prevailing market price of $44.33 or hold until the deal's expected closure to receive the full $45.00 per share. The transaction is anticipated to be finalized sometime next year.

Should investors sell immediately? Or is it worth buying Forge Global Holdings?

The stock's current trading level, just 1.5% below the official offer price, signals strong market confidence in the deal's completion. This narrow spread accounts for typical arbitrage considerations, such as the time value of money between now and the formal closing date.

Legal Review and Shareholder Scrutiny

As is standard in acquisitions of publicly listed companies, the process is undergoing legal review. Law firms including Monteverde & Associates PC and Halper Sadeh LLC are examining whether Forge Global's board has fulfilled its fiduciary duties and if the offered price adequately reflects the company's growth potential. While such investigations are commonplace, they remain a point of observation for investors.

Financial Context and Strategic Rationale

This acquisition arrives at a pivotal moment for Forge Global. The company reported revenue of $92.88 million over the past twelve months but recorded a net loss of $62.62 million during the same period. The merger with Charles Schwab is viewed as a move that could provide the financial stability and scale necessary for the platform's long-term growth.

The outlook for Forge Global's equity is now clearly defined by the pending acquisition, with the $45.00 per share offer anchoring investor expectations until the deal is completed.