FRGE

FRGE is currently a 'Merger Arbitrage' play, pinned tightly to Charles Schwab's (SCHW) all-cash acquisition offer of $45.00 per share. The 'Quiet Storm' and 'Perfect Stack' signals confirm the extremely low realized volatility (2.4% annualized) typical of a deal in its final stages, following the January 22, 2026 stockholder approval. With the 10-year yield cooling to 4.05% ('Inflation Relief'), financing risk is minimal, leaving the 0.8% spread ($0.36) as a pure regulatory closing timeline premium.