Overview of Transaction

• On November 6, 2025, The Charles Schwab Corporation (NYSE:SCHW) announced it had entered into a definitive agreement to acquire Forge Global Holdings, Inc. (NYSE: FRGE) in an all-cash transaction valued at approximately $660 million
• The purchase price of $45.00 in cash per share represents a premium of more than 170% (2.7x) over the Company’s unaffected share price of $16.63, and more than 500% (6x) over the 52-week low (1)
• The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 38.0 million active brokerage accounts, 5.6 million workplace plan participant accounts, 2.2 million banking accounts, and $11.59 trillion in client assets
• Forge (NYSE:FRGE) is a leading provider of marketplace infrastructure, data services and technology and investment solutions for private market participants

Significance of Transaction

• This acquisition combines Schwab’s industry-leading reach across 46 million Accounts with Forge’s expertise, redefining private market access
• Together, Schwab and Forge will unite private stock plan administration and liquidity access in a single, integrated ecosystem that benefits all participants

FT Partners' Role

• FT Partners served as exclusive financial advisor to Forge; FT Partners has been engaged in a long-term financial advisor role with Forge since 2018 and has since served as financial advisor to the Company on every major capital raise, buyside acquisitions, its 2021 SPAC merger, and its announced sale to Charles Schwab
• This transaction underscores the strategic nature of FT Partners’ long-term advisory engagements, as well as our deep expertise in major FinTech verticals including alternative assets and trading technology