Motive Capital filed a Form S-4 outling its proposed acquisition of Forge Global, a private securities marketplace.
The transaction reflects a $2 billion approximate valuation for the pro forma combined company.
The deal is contingent upon approval by Motive and Forge shareholders, as well as the approval of the South Dakota Division of Banking for the change in control of Forge’s subsidiary trust company.
Terms call for up to $532.5 million in cash proceeds prior to the payment of transaction expenses and up to $100 million of cash consideration, including $118.5 million between committed PIPE proceeds and Motive Partners’ forward purchase agreement. Read more.
