Forge Group (previously Amalgamated Specialty Group Holdings)

Early Stage

An industry leader in commercial transportation insurance

Analytics

Platform

Self Managed

Start Date

02/09/2022

Close Date

02/09/2023

Min. Goal

$17,000,000*

Max. Goal

$23,000,000*

Min. Investment

$500

Security Type

Equity - Common

Funding Type

RegA+

Series

Pre-Seed

Price Per Share

$10.00

*Note: Per the company's filings, up to 48.00% of the offering is being sold to existing shareholders.
Location

Chevy Chase, Maryland

Industry

Financial & Insurance Products & Services

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

Forge Group is raising funds independently through Reg A+ crowdfunding. The company provides commercial automobile insurance products for the owners of taxi cabs, sedans, and other light transportation vehicles. The product offerings of Forge Group are tailored according to the needs of the customers and target trade and service providers. The business is expanding by developing new insurance products for electricians, plumbers, carpenters, and other service providers. Patrick J. Bracewell founded Forge Group in 2020. The current crowdfunding campaign has a minimum target of $17,000,000 and a maximum target of $23,000,000. The campaign proceeds will be used to fund new product launches, deploy capital to acquire new talent and support the organic growth of the insurance business.

Balance Sheet

Cash and Cash Equivalents

$0

Investment Securities

$0

Total Investments

$0

Accounts and Notes Receivable

$0

Loans

$0

Property, Plant and Equipment (PP&E)

$0

Property and Equipment

$0

Total Assets

$0

Accounts Payable & Accrued Liabilities

$0

Policy Liabilities and Accruals

$0

Deposits

$0

Long Term Debt

$0

Total Liabilities

$0

Total Stockholders' Equity

$0

Total Liabilities and Equity

$0

Statement of Comprehensive Income Information

Total Revenues

$0

Total Interest Income

$0

Costs & Expenses Applicable to Rev

$0

Total Interest Expenses

$0

Depreciation and Amortization

$0

Net Income

$0

Earnings Per Share - Basic

$0.00

Earnings Per Share - Diluted

$0.00

Auditor: Johnson Lambert LLP
Financials as of: 02/09/2022
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Forge Group on Self Managed 2022
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Platform: Self Managed
Security Type: Equity - Common

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