08:42 AM EDT, 07/02/2025 (MT Newswires) -- Forge Global ( FRGE ) said Wednesday that it has completed its previously announced cash and stock acquisition of Accuidity Capital Management in a simultaneous sign and close transaction.

The acquisition was completed for $10.0 million in cash and 1.15 million shares of newly issued shares, some of which are subject to forfeiture and transfer restrictions, the company said.

Forge said it believes the acquisition will be accretive to its earnings and advance its strategy of delivering broader access to private markets and contributing capital to high-growth private companies.

The company said it plans to integrate Accuidity's investment strategies and sourcing with Forge's data, technology, and distribution capabilities to meet demand for alternative assets from institutional and individual investors.

Forge shares were up around 5% in recent premarket activity.