Forge Global Named Liquidating Trustee for Linqto Assets

Forge Global has been appointed as the liquidating trustee for assets tied to customers following Linqto's Chapter 11 bankruptcy proceedings. The company will oversee the management of these assets as per Linqto's court-approved reorganization plan. Forge Global operates in the financial services sector, focusing on private market infrastructure, and exhibits strong financial strength with a robust Altman Z-Score. Despite recent challenges, the company's valuation metrics indicate a potentially overvalued stock, with cautious analyst sentiment and technical indicators suggesting a potential price correction.