Forge Global Holdings, Inc.
Cash in trust
$414M
$414,111,439
Trust per share
$5.60
Redemption value
IPO
Dec 2020
$414M raised
Combination deadline
—
Not disclosed
Filings on record
531
Latest Mar 12, 2026
Business combination
- Target
- Not disclosed in an indexed filing
- Announced
- Sep 13, 2021
- Closed
- Mar 25, 2022
Overview
Forge Global Holdings, Inc. is a special purpose acquisition company incorporated in Delaware and registered with the SEC under CIK 0001827821. It completed its initial public offering in Dec 2020, raising $414M in gross proceeds. The vehicle is sponsored by Motive Capital Funds through Motive Capital Funds Sponsor, LLC. The mandate targets technology, financial services. Business combination closed; the company trades under a new ticker.
“We intend to focus on private businesses where we believe Motive’s background and experience, with our assistance, can execute a plan to create value for our shareholders in the public markets.”
Reading the filings
Arithmetic on what Forge Global Holdings, Inc. has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.
Trust versus the $10 unit
The trust holds $5.60 per public share, below the $10.00 unit price. A trust that has fallen under the offering price usually means charges against it or a restatement, so read the most recent quarterly report before relying on the figure.
Warrant coverage
Each unit carried one-third warrant per unit. Warrants are dilution deferred: they cost the holder nothing until exercised, and they overhang the post-combination share count. Thinner coverage is generally a sign of a stronger book at pricing.
Sponsor record
Motive Capital Funds has launched 2 vehicles. Of the 2 that have resolved, 1 closed a combination and 1 liquidated, a 50% completion rate. A sponsor's record is not a forecast, but it does tell you whether the team has taken a deal across the line before.
Underwriting
UBS led the offering. It has been named on 59 SPAC IPOs, book-running 50 of them, and 71.7% of its resolved vehicles closed a deal. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.
Filings per month since the first one. A vehicle that has gone quiet with a deadline ahead is a different proposition from one that is still working.
531 filings in all. 43 in the last three months, against a busiest month of 29.
News on Forge Global Holdings, Inc.
Last 90 daysNothing in the last 90 days that names this vehicle. We attribute a story only when the release carries the ticker or the registered name, so an empty section means no press release or wire story matched — not that nothing was published. The filings below are the primary record either way.
SEC filing history
Free tier: filings older than 24 hours- 15-12G
Deregistration of securities
Accession 0001140361-26-009227
- EFFECT
Notice of effectiveness
Accession 9999999995-26-000729
- SCHEDULE 13G
Beneficial ownership report (passive)
Accession 0001076809-26-000027
- 4
Statement of changes in beneficial ownership
Accession 0002053840-26-000006
- 4
Statement of changes in beneficial ownership
Accession 0001916605-26-000008
- 4
Statement of changes in beneficial ownership
Accession 0001827821-26-000012
- 4
Statement of changes in beneficial ownership
Accession 0001827821-26-000011
- 4
Statement of changes in beneficial ownership
Accession 0001917712-26-000003
- 4
Statement of changes in beneficial ownership
Accession 0001247588-26-000003
- 4
Statement of changes in beneficial ownership
Accession 0001593929-26-000005
- 4
Statement of changes in beneficial ownership
Accession 0001660098-26-000001
- 4
Statement of changes in beneficial ownership
Accession 0001276505-26-000001
- S-8 POS
S-8 POS
Accession 0001140361-26-007361
- S-8 POS
S-8 POS
Accession 0001140361-26-007360
- S-8 POS
S-8 POS
Accession 0001140361-26-007359
- S-8 POS
S-8 POS
Accession 0001140361-26-007358
- S-8 POS
S-8 POS
Accession 0001140361-26-007357
- S-8 POS
S-8 POS
Accession 0001140361-26-007356
- S-8 POS
S-8 POS
Accession 0001140361-26-007355
- POS AM
POS AM
Accession 0001140361-26-007345
- 8-K
Completion of an acquisition; Notice of delisting or failure to satisfy a listing rule
Items 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 9.01 · Accession 0001827821-26-000010
- 25-NSE
Notification of delisting
Accession 0000876661-26-000186
- 4
Statement of changes in beneficial ownership
Accession 0001916605-26-000007
- 4
Statement of changes in beneficial ownership
Accession 0002053840-26-000005
- 4
Statement of changes in beneficial ownership
Accession 0001593929-26-000004
- 4
Statement of changes in beneficial ownership
Accession 0001916605-26-000006
- 4
Statement of changes in beneficial ownership
Accession 0002053840-26-000004
- 4
Statement of changes in beneficial ownership
Accession 0001593929-26-000003
- 4
Statement of changes in beneficial ownership
Accession 0001916605-26-000005
- 4
Statement of changes in beneficial ownership
Accession 0002053840-26-000003
Pro
Track Forge Global Holdings, Inc. without the delay
Free accounts see this filing history a day late. Pro shows every document minutes after EDGAR publishes it, opens it on EDGAR in one click, and adds the twelve-month deadline calendar.
- Filings live, no 24-hour delay
- One click through to the source document
- Deadline calendar out to 12 months
- CSV export, API and MCP access
Cancel any time. Billed monthly in USD.
Forge Global Holdings, Inc.: questions answered
What is Forge Global Holdings, Inc.?
Forge Global Holdings, Inc. is a special purpose acquisition company incorporated in Delaware and registered with the SEC under CIK 0001827821. It completed its initial public offering in Dec 2020, raising $414M in gross proceeds. The vehicle is sponsored by Motive Capital Funds through Motive Capital Funds Sponsor, LLC. The mandate targets technology, financial services. Business combination closed; the company trades under a new ticker.
How much does Forge Global Holdings, Inc. hold in trust?
Approximately $414,111,439, or about $5.60 per public share, as at the most recent filing on record. Trust balances move: shareholders redeem at extension votes and at the combination vote, and sponsors pay contributions in to extend. Treat the figure as a point-in-time disclosure, not a running balance.
When must Forge Global Holdings, Inc. complete a merger?
No combination deadline appears in the filings we have indexed. The date is stated in the charter and repeated in each quarterly report; where our parser could not establish it with confidence we leave it blank rather than infer one.
What happens if Forge Global Holdings, Inc. does not find a target in time?
The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.
Can I redeem shares in Forge Global Holdings, Inc., and at what price?
Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date, most recently disclosed at about $5.60 per share. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.
Is the trust value the same as the share price for Forge Global Holdings, Inc.?
No. Trust per share is a disclosed, contractual figure: what a redeeming holder receives. The market price is whatever the shares change hands at, which can sit above the trust when a deal is well received or below it when the market doubts one will close. We do not have a current quote for this vehicle, so no spread is shown.
How much dilution do Forge Global Holdings, Inc.'s founder shares and warrants create?
Each unit also carried one-third warrant per unit, which is dilution deferred until exercise. Both are disclosed in the prospectus and both survive into the combined company, which is why a de-SPAC at $10 is not economically the same as an IPO at $10.
Who sponsors Forge Global Holdings, Inc., and what is their track record?
Motive Capital Funds Sponsor, LLC is the sponsor entity, part of the Motive Capital Funds franchise. That franchise has launched 2 vehicles in total, of which 1 closed a combination and 1 liquidated, a 50% completion rate on resolved vehicles. Named principals: Blythe Masters.
Which banks underwrote the Forge Global Holdings, Inc. IPO?
UBS, J.P. Morgan, Loop Capital Markets, AmeriVet Securities, Academy Securities, Tigress Financial. UBS and J.P. Morgan were credited as book-running managers on the cover. Syndicate membership and role are read from the prospectus cover and the underwriting section.
Is Forge Global Holdings, Inc. a good investment?
That is not a question this site answers. Forge Global Holdings, Inc. is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.
Where does this Forge Global Holdings, Inc. data come from?
Filings Forge Global Holdings, Inc. submitted to the SEC under CIK 0001827821: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.
Compiled by the SPACListing research desk
Last reconciled Oct 31, 2026
Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.
Read the full methodology · What is in the dataset · Report a correction
SPACListing is a reference-data service, not an investment adviser. Nothing here is a recommendation to buy or sell any security.
Continue reading
The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.
Motive Capital Funds: the full record
Every vehicle this sponsor has launched, what closed, what liquidated and what is still live.
UBS in SPACs
Mandates, bookrun credit, deal volume and the outcome of the vehicles it priced.
Technology SPACs
Every vehicle chasing the same mandate, ranked by cash in trust.
All completed de-spac transactions
Business combination closed; the company trades under a new ticker.
Deadline calendar
Which sponsors are running out of time, and when the extension votes land.
What is a SPAC?
The structure, the economics and where the risks actually sit.
SPAC glossary
Every term in a blank-check filing, defined the way practitioners use it.
How this data is built
Coverage universe, ingestion, normalisation, lifecycle classification and known limits.