Motive Capital Corp (“MOTV”), a special purpose acquisition company sponsored by affiliates of Motive Partners, today announced that MOTV’s shareholders voted to approve the previously announced business combination with Forge Global, Inc. (“Forge”), a leading private securities marketplace.
“We are thrilled to complete this important milestone in the process of our business combination with Motive Capital Corp and becoming a publicly traded company with vast opportunities to expand our business and offerings creating private company liquidity markets available to and inclusive of a diverse investor base,” said Kelly Rodriques, CEO of Forge. “We appreciate the strong support and confidence indicated by MOTV’s shareholders’ approval of the business combination and look forward to the opportunities ahead for Forge as a public company.”
MOTV held its extraordinary general meeting of shareholders to approve the proposed business combination today, March 15, 2022. Approximately 93.98% of the votes cast at the extraordinary general meeting voted to approve the business combination with Forge. The full results of the vote will be included in a Current Report on Form 8-K to be filed with the U.S. Securities and Exchange Commission.
The closing of the business combination is anticipated to take place on March 21, 2022, subject to the satisfaction of certain customary closing conditions. The combined company will be renamed Forge Global Holdings, Inc., and its common stock and warrants are expected to trade on the NYSE beginning on March 22, 2022 under the ticker symbols “FRGE” and “FRGE WS”, respectively.