Forge Global Holdings said it will redeem all outstanding warrants on June 11. The warrants are currently exercisable for an aggregate of 18,466,604 shares at $11.50 per share.
Under the terms of the warrant agreement, Forge can redeem the warrants for a penny apiece, now that the share price target has been satisfied.
Any warrants not exercised by 5 p.m. Saturday will be worthless beyond the redemption price.
Forge is a private securities marketplace. The company went public on the NYSE in March following a merger with Motive Capital. Read more.
