# EDGAR Filing Document

**Accession Number:** 0001687919
**File Stem:** 0001493152-25-018559
**Filing Date:** 2025-10
**Character Count:** 12122
**Document Hash:** 31445979cacf37a018b4f5358dcde0b4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-25-018559.hdr.sgml**: 20251020

**ACCESSION NUMBER**: 0001493152-25-018559

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20250727

**ITEM INFORMATION**: Termination of a Material Definitive Agreement

**ITEM INFORMATION**: Completion of Acquisition or Disposition of Assets

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251020

**DATE AS OF CHANGE**: 20251020

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FORGE INNOVATION DEVELOPMENT CORP.
- **CENTRAL INDEX KEY:** 0001687919
- **STANDARD INDUSTRIAL CLASSIFICATION:** LAND SUBDIVIDERS & DEVELOPERS (NO CEMETERIES) [6552]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 814635390
- **STATE OF INCORPORATION:** NV

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-218248
- **FILM NUMBER:** 251402260

**BUSINESS ADDRESS:**
- **STREET 1:** 17700 CASTLETON STREET, SUITE 469
- **CITY:** CITY OF INDUSTRY
- **STATE:** CA
- **ZIP:** 91748
- **BUSINESS PHONE:** 626-361-1393

**MAIL ADDRESS:**
- **STREET 1:** 17700 CASTLETON STREET, SUITE 469
- **CITY:** CITY OF INDUSTRY
- **STATE:** CA
- **ZIP:** 91748

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** YOU-GO ENTERPRISES, LLC
- **DATE OF NAME CHANGE:** 20161019

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 27, 2025

**<u>FORGE INNOVATION DEVELOPMENT CORP.</u>**

**(Exact name of registrant as specified in its charter)**

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| | | |
|:---|:---|:---|
| **Nevada** | **333-218248** | **81-4635390** |
| (State or other jurisdiction of<br> incorporation or organization) | Commission<br> File No. | IRS Employer<br> Identification No. |

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**6280 Mission Blvd., Suite 205**

**Jurupa Valley, CA 92509**

(Address of principal executive offices)

**(626) 986-4566**

(Registrant's telephone number)

**N/A**

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Not Applicable | Not Applicable | Not Applicable |

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**Explanatory Note (Late Filing Notice)**

The Company acknowledges that this Current Report on Form 8-K is being filed after the four-business-day period required by applicable SEC rules due to internal administrative delay. The Company is voluntarily providing this disclosure to ensure complete and transparent reporting of the material event that occurred on July 27, 2025.

**Item 1.02 — Termination of a Material Definitive Agreement**

To the extent the release and return described under Item 2.01 below constitutes a termination, unwinding or release of material obligations under the Asset Purchase Agreement executed on March 24, 2023 between Forge and Legend LLC (and related documentation), the Company is providing this disclosure under Item 1.02. In connection with the completion of the disposition, Legend LLC returned to the Company 1,967,143 shares of Forge common stock originally issued at the closing of the 2023 transaction.

**Item 2.01 — Completion of Disposition of Assets**

On July 27, 2025, Forge Innovation Development Corp. (the "Company" or "Forge") completed an internal restructuring transaction involving its partnership interest in Legend International Investment LP ("Legend LP"). Pursuant to a mutual agreement between Forge and Legend Investment Management LLC ("Legend LLC"), the prior seller of the interest, Forge **voluntarily released, transferred and returned** its fifty-one percent (51%) partnership interest in Legend LP to Legend LLC. The transaction was effected **without any cash consideration** and represents a non-cash internal return of equity interests previously acquired under the Asset Purchase Agreement dated March 24, 2023.

In connection with the release, Legend LLC concurrently returned to the Company an aggregate of 1,967,143 shares of Forge common stock that had been originally issued to Legend LLC as consideration for the 2023 acquisition. As a result of the foregoing, Legend LP **ceased to be a subsidiary or consolidated entity** of the Company, and Forge **no longer holds any ownership, management, voting, or financial rights** in or to Legend LP. The decision was duly authorized and approved by the Company's Board of Directors at a special meeting held on July 27, 2025.

The foregoing description of the internal restructuring and equity return is qualified in its entirety by reference to the *Statement Regarding the Release and Return of Partnership Interest in Legend International Investment LP*, dated July 27, 2025, filed as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.

**Item 8.01 — Other Events**

As noted in the attached Statement (Exhibit 99.1), the Company acknowledges that the divestiture constitutes a material subsequent event under U.S. GAAP (ASC 855) and SEC Regulation S-K and will be formally disclosed and discussed in the Company's Quarterly Report on Form 10-Q for the fiscal quarter ending September 30, 2025, including the financial and accounting impact of the transaction.

**Item 9.01 — Financial Statements and Exhibits**

(b) Pro Forma Financial Information. The Company intends to file the pro forma financial information required by Article 11 of Regulation S-X by amendment to this Current Report on Form 8-K within 71 calendar days after the date of this filing.

(d) Exhibits.

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 99.1 | [Statement Regarding the Release and Return of Partnership Interest in Legend International Investment LP, dated July 27, 2025.](ex99-1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

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**Cautionary Note Regarding Forward-Looking Statements**

This Current Report on Form 8-K contains "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, the Company's ability to complete any required filings, the financial impact of the disposition, operating results and liquidity, and other factors described in the Company's SEC filings. The Company undertakes no obligation to update any forward-looking statements, except as required by law.

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

**FORGE INNOVATION DEVELOPMENT CORP.**

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| | |
|:---|:---|
| By: | ***/s/ Patrick Liang*** |
| Name: | Patrick Liang |
| Title: | President and Chief Executive Officer |

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Date: October 20, 2025

## Exhibit 99.1

**Exhibit 99.1**

**FORGE INNOVATION DEVELOPMENT CORP.**

**Exhibit 99.1 — Statement Regarding the Release and Return of Partnership Interest in Legend International Investment LP**

Dated: July 27, 2025

WHEREAS, on March 24, 2023, Forge Innovation Development Corp. ("Forge" or the "Company") entered into an Asset Purchase Agreement with Legend Investment Management LLC ("Legend LLC"), a California limited liability company, and its managing members, Steven Zhi Qin and Yue Zhang (collectively, the "Seller"), pursuant to which Forge acquired seventy-seven point three percent (77.3%) of the Seller's sixty-six percent (66%) ownership interest in Legend International Investment LP ("Legend LP"), representing a fifty-one percent (51%) equity ownership in Legend LP following the transaction;

WHEREAS, under the terms of that agreement, Forge delivered to Legend LLC an aggregate of 1,967,143 shares of Forge's common stock, valued at $1,377,000, as consideration for such acquisition, and as a result, Legend LP became a majority-owned subsidiary of Forge as of the closing date of March 24, 2023;

WHEREAS, as of mid-2025, Legend LP has been facing severe financial hardship and the imminent risk of foreclosure by its secured lender, and Forge, after careful review of its own financial condition, has determined that it is unable to provide further financial support to Legend LP or assume additional loan obligations related to the Legend Business Center property located at 6240 Mission Boulevard, Jurupa Valley, California;

WHEREAS, after thorough discussions between the representatives of Forge and Legend LLC, both parties have mutually agreed that it would be in their best interests to release Forge from its ownership and obligations associated with Legend LP, and to enable Legend LLC to regain full control and to seek a qualified successor to assist in the financial recovery of Legend LP and prevent foreclosure;

NOW, THEREFORE, Forge Innovation Development Corp. hereby declares and confirms the following:

1. Effective as of July 27, 2025, Forge shall voluntarily release, transfer, and return to Legend Investment Management LLC all of its fifty-one percent (51%) partnership interest in Legend International Investment LP (the "Transferred Interest"), representing the same equity interest acquired pursuant to the Asset Purchase Agreement executed on March 24, 2023.

2. Concurrently, Legend Investment Management LLC shall return to Forge the full amount of one million, nine hundred sixty-seven thousand, one hundred forty-three (1,967,143) shares of Forge's common stock, which were originally issued as the purchase consideration for the 51% partnership interest.

3. Upon the effectiveness of this release and return, Forge shall cease to have any ownership, management, voting, or financial rights in or to Legend International Investment LP, and Legend LP shall no longer be treated as a subsidiary or consolidated entity of Forge for accounting and reporting purposes.

4. The Company acknowledges that this divestiture constitutes a material subsequent event under U.S. GAAP (ASC 855) and SEC Regulation S-K and shall be formally disclosed in Forge's Quarterly Report on Form 10-Q for the fiscal quarter ending September 30, 2025, including the financial and accounting impact of the transaction.

5. This decision has been duly authorized and approved by the Board of Directors of Forge Innovation Development Corp. at a special meeting held on July 27, 2025.

IN WITNESS WHEREOF, the undersigned has executed this Statement as of the date first written above.

FORGE INNOVATION DEVELOPMENT CORP.

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| | |
|:---|:---|
| By: | ***/s/ Patrick Liang*** |
| Name: | Patrick Liang |
| Title: | President and Chief Executive Officer |

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