Forge Global Merger with Charles Schwab Enters Final Phase

The planned acquisition of Forge Global Holdings by The Charles Schwab Corporation is advancing toward completion. With shareholder approval secured on January 22, 2026, the transaction's finalization in the first half of the year now primarily hinges on receiving the necessary regulatory clearances.

Following the recent affirmative vote by shareholders, the deal has moved into the condition-satisfaction phase. This progress keeps the transaction on the timeline initially projected when the merger was announced, making the closing process the company's central focus for the coming months.

A significant outstanding requirement is approval from relevant regulatory bodies. The precise closing date remains contingent upon these final authorizations, although both companies continue to target completion within the first six months of 2026.

Key Upcoming Milestones:

Should investors sell immediately? Or is it worth buying Forge Global Holdings?

• March 4, 2026 (anticipated): Release of fourth-quarter and full-year 2025 financial results.
• First Half of 2026: Targeted timeframe for the acquisition's conclusion.

Final Standalone Results to Set the Stage

As the ownership transition approaches, market participants are turning their attention to the upcoming earnings report. The financial data for Q4 and the full year 2025, set for publication on March 4, will provide the final independent snapshot of Forge Global's operational momentum as it prepares to integrate into its new corporate structure.

This report will establish the operational baseline for the future integration under the Charles Schwab umbrella. The completion of this merger is viewed as a pivotal event for the sector's realignment in 2026.

The transaction's strategic rationale is rooted in the ongoing transformation of the secondary market for shares in private companies. The industry landscape is increasingly characterized by greater participation from institutional investors and a consolidation of trading platforms. Integrating specialized private market trading solutions into established brokerage ecosystems is considered one of the defining fintech trends of the current period.