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Liquidity Programs

Retain and reward employees with company-sponsored liquidity solutions

Whether through fixed-price tender offers or customized ongoing programs, forward-thinking companies view liquidity as a key benefit in supporting top talent. With Forge’s technology, company leadership maintains control, while employees unlock the value of their hard-earned equity.

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Benefits of company-sponsored liquidity programs
Enable employees to access liquidity

Through a company-sponsored program, employees can seek the liquidity they need to fund life’s journey—whether it’s buying a home, putting a kid through college, or planning for retirement—liquidity programs can be critical tools for increasing employee retention.

Maintain clear cap table and pricing control over liquidity events

With a Forge programmed liquidity solution, the company leadership has full control—the company can decide who buys the shares, for how much and at what price.

Fulfill investor demand for liquidity

Provide a mechanism for company leadership to provide liquidity and satisfy additional investor demand without dilution.

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Why use Forge

Access to institutional investor network

Access Forge’s investor network to raise capital from quality institutional investors.

Technology infrastructure to support tender offers

Private market infrastructure with tools to raise capital, offer secondary liquidity, and access market insights.

Deeply experienced team with a track record

Experienced team to advise on a suite of private market liquidity solutions that meet private issuer needs at every stage of growth.

Regulatory expertise and industry best practices

Forge experts can assist with navigating through regulatory guidelines and industry best practices.

Key types of liquidity programs

Tender offers
Customized programs

Tender offers

Formal invitation by an issuer to shareholders to sell their shares back to the issuer or a third-party at a specified price within a predetermined time frame.

Key features
  • Single event with a fixed duration
  • Fixed share price
  • Pre-Selected Investor(s)
  • Issuer selects participants and share eligibility
Benefits
  • Provides a mechanism for issuers to provide liquidity and satisfy additional investor demand without dilution
  • Improves shareholder value and liquidity
Considerations
  • Can be costly and time-consuming to execute
  • May effect 409A valuation
  • Transparency of information shared with investor and shareholders

Customized programs

Ongoing opportunity for shareholders and employees to participate in secondary transactions under terms set forth by the Company.

Key features
  • Offers an ongoing opportunity with pre-set blackout dates
  • Market-based share price
  • Broker-matched transactions
  • Issuer selects participants and share eligibility
Benefits
  • Offers a controlled approach to providing liquidity without relinquishing issuer control
  • Fosters employee retention and incentivization through equity
Considerations
  • Requires quarterly or bi-annual updated list of eligible shareholders and current equity holdings
  • No guarantee of liquidity for shareholders as demand is based on market demand
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