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Forge Global Announces Business Combination With Motive Capital; To Become Publicly Traded Company

Forge Global, Inc. has entered into a definitive business combination agreement with Motive Capital Corp, a special purpose acquisition company sponsored by affiliates of Motive Partners. Forge will become a publicly traded company upon the closing of the merger, currently expected in the fourth quarter of 2021 or first quarter of 2022.

The combined company is expected to have a fully diluted equity value on a pro forma basis of approximately $2.0 billion. The deal is anticipated to deliver approximately $532.5 million of gross proceeds to the combined company prior to the payment of transaction expenses and up to $100 million of cash consideration.

Forge is a provider of marketplace infrastructure, data services and technology solutions for private market participants. The Forge marketplace has nearly 400,000 registered users, including over 123,000 accredited investors. Through its custody offering Forge Trust, the company has approximately $14 billion in assets under custody.

Motive Capital Corp. is sponsored by affiliates of Motive Partners, a specialist private equity firm with offices in New York City and London.

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