FIGP Forge Group Inc (PK)

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

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FORM 1-U

 

Current Report Pursuant to Regulation A

 

Date of Report: December 23, 2024

(Date of earliest event reported)

 

Forge Group, Inc.

(Exact name of registrant as specified in its charter)

 

Pennsylvania	85-4184821
(State or other incorporation)	(I.R.S. Employer Identification No.)

 

P.O. Box 15033

Worcester, MA 01615

(Full mailing address of principal executive offices)

 

(202) 547-8700

(Issuer’s telephone number, including area code)

 

Common Stock

(Title of each class of securities issued pursuant to Regulation A)

 

 

Item 9. Other Events

 

Stock Repurchase Plan

 

On December 23, 2024, Forge Group, Inc. (the “Company”) announced that its Board of Directors approved a stock repurchase plan pursuant to which the Company may repurchase up to $1,000,000 of its outstanding shares of common stock. As of the date of this filing, the Company has 2,044,149 shares of common stock outstanding.

 

A copy of the press release announcing the stock repurchase plan is filed as Exhibit 1U.1 to this Report on Form 1-U.

 

 

Exhibit No.	Description of Exhibit
1U.1	Press release of Forge Group, Inc., dated December 23, 2024

 

 

SIGNATURES

 

Pursuant to the requirements of Regulation A, the issuer has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

	Forge Group, Inc.
	By:	/s/ Patrick J. Bracewell
		Patrick J. Bracewell
		Chief Executive Officer
	Date: December 23, 2024

 

 

Exhibit 1U.1

 

Forge Group, Inc. Announces Share Repurchase Plan

 

BETHESDA, Maryland, December 23, 2024 – Forge Group, Inc. (the “Company”, “we”, “us”, “our”, or “Forge”) (OTC Pink: FIGP), a specialist commercial auto insurance business, today announced that its Board of Directors has approved a stock repurchase plan pursuant to which the Company may repurchase up to $1,000,000 of its outstanding shares of common stock. The stock repurchase plan will cover the repurchase of shares of common stock commencing no earlier than January 1, 2025, and expiring December 31, 2025. The Company has 2,044,149 shares of common stock outstanding.

 

The Company intends to conduct any repurchases through open-market purchases, including by means of a trading plan adopted under SEC Rule 10b5-1, or in privately negotiated transactions, subject to market conditions and other factors. There is no guarantee as to the exact number of shares that the Company may repurchase. Throughout the execution of this program, the Company is committed to retaining the financial flexibility it needs to invest in its core operations. The stock repurchase program may be suspended or discontinued at any time.

 

Safe Harbor Statement

This release may contain forward-looking statements. We caution that such statements may be subject to a number of uncertainties and actual results could differ materially and, therefore, readers should not place undue reliance on any forward-looking statements. Forge Group, Inc. does not undertake, and specifically disclaims, any obligation to publicly release the results of any revisions that may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.

 

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