Forge Innovation Development Corp. has reached an agreement with Legend Investment Management LLC to release and return its 51% partnership interest in Legend International Investment LP. As part of the arrangement, Legend Investment Management LLC will return to Forge a total of 1,967,143 shares of Forge's common stock, which were originally issued as consideration for the partnership interest. With this transaction, Forge will no longer have any ownership, management, voting, or financial rights in Legend International Investment LP, and Legend LP will no longer be treated as a subsidiary of Forge. The decision was approved by Forge's Board of Directors at a special meeting held on July 27, 2025.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Forge Innovation Development Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-25-018559), on October 20, 2025, and is solely responsible for the information contained therein.