Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of Motive Capital Corp. (“Motive Capital” or the “Company”) (NYSE: MOTV, MOTV.U) with Forge Global, Inc. (“Forge”). Under the terms of the merger, existing Forge shareholders are expected to roll 90% of their equity into the combined company. Concurrent with closing, up to $100 million of the transaction proceeds will be paid to certain existing Forge shareholders as cash proceeds for a portion of their existing equity.
The Motive Capital merger investigation concerns whether the Board of Motive Capital breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction and whether the merger undervalues Motive Capital shares, thus unlawfully harming Motive Capital shareholders.
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