Motive Capital shareholders meet March 15 to vote on the SPAC’s proposed merger with Forge Global, a private securities marketplace.
Forge announced the deal in September. Motive’s S-4 registration statement to the proposed merger was declared effective by the SEC last month.
The business combination is supported by $68.5 million in PIPE financing and a $50 million commitment under Motive Partners’ forward purchase agreement. Certain Motive Partners’ funds have committed an additional $90 million backstop. The SPAC raised $360 million in a December 2020 IPO.
If approved, the combined company is expected to trade on the NYSE under the ticker FRGE. Read more.
