FRGE_OUT_1 [2025-04-24 04:12:54 -0400] 5527 Bytes | 1481 tokens | Cum: 1481 tkns (18.51% of 8k)
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Listen up, partner—it's 4:12 AM on Thu Apr 24, 2025, and I’m revved up about Forge Global (FRGE), climbing from $8.69 to $11.93. This stock is buzzing big-time—do we have a hidden gem, or a flash in the pan? Help me sift through the data!

--- COMPANY PROFILE ---
Company: Forge Global (FRGE)
IPO: 2022-03-22 (3 Years Ago)
Market Cap: $110,044,737
Shares Outstanding: 188,140,000
Industry: SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES
Exchange: XNYS
Description: Forge Global Holdings Inc is a financial service platform created to serve the needs of the private market. It provides marketplace infrastructure, data services, and technology solutions for private market participants. The company offers a trusted trading platform, proprietary data and insights to inform investment strategies, along with custody services to help companies, shareholders, institutions and accredited investors confidently navigate and transact in the private market.

Here’s a list of headlines for Forge Global:

Apr-22-25 01:57PM - Forge Global (FRGE) Surges 41.5%: Is This an Indication of Further Gains?
Apr-22-25 01:57PM 09:34AM - Why Forge Global Holdings, Inc. (FRGE) Soared on Monday
Apr-22-25 01:57PM 08:00AM - Forge Global and ICE to Bring Greater Transparency to Private Markets with Forge Price
Apr-17-25 08:30AM - Forge Announces Non-Binding Letter of Intent for the Acquisition of Accuidity Capital Management
Apr-10-25 04:15PM - Forge Global Holdings, Inc. Reports Preliminary First Quarter Fiscal Year 2025 Results
Apr-01-25 12:06PM - Forge Global board approves 1-for-15 reverse stock split
Mar-31-25 12:00PM - Forge Global Announces Reverse Stock Split
Mar-25-25 01:50PM - Forge Global and Yahoo Finance Launch Industrys First Private Market Hub, Expanding Access to Private Market Investment Opportunities
Mar-25-25 01:50PM 01:50PM - Forge Global and Launch Industrys First Private Market Hub, Expanding Access to Private Market Investment Opportunities
Mar-25-25 01:50PM 01:22PM - Want to Invest in a Private Company? All It Takes Is $5,000
Mar-18-25 08:15AM - Forge Appoints Financial Services Veteran Brian McDonald to Its Board of Directors
Mar-06-25 08:08AM - Q4 2024 Forge Global Holdings Inc Earnings Call
Mar-06-25 08:08AM 02:11AM - Forge Global Holdings Inc (FRGE) Q4 2024 Earnings Call Highlights: Strong Revenue Growth Amid ...
Mar-05-25 06:00PM - Here's What Key Metrics Tell Us About Forge Global (FRGE) Q4 Earnings
Mar-05-25 06:00PM 05:25PM - Forge Global Holdings, Inc. (FRGE) Reports Q4 Loss, Misses Revenue Estimates
Mar-05-25 06:00PM 04:10PM - Forge Global Holdings, Inc. Reports Fourth Quarter and Fiscal Year 2024 Results
Mar-04-25 07:23AM - What To Expect From Forge Global Holdings Inc (FRGE) Q4 2024 Earnings
Feb-26-25 04:20PM - Forge Global CEO to Fireside Chat at the Citizen JMP Technology Conference
Feb-24-25 05:15PM - Forge Global Holdings, Inc. to Report Fourth Quarter and Full Year Fiscal 2024 Financial Results on March 5th, 2025
Jan-14-25 04:15PM - Forge Global Names Former London Stock Exchange Group Executive James Nevin as New CFO
Jan-03-25 04:20PM - Forge Global Receives Continued Listing Standards Notice from the NYSE
Nov-07-24 02:22AM - Forge Global Holdings Inc (FRGE) Q3 2024 Earnings Call Highlights: Surging Marketplace Revenue ...

Here's another list of headlines with menu handles.
I will deliver the full text of the following stories when you say their handle.
Just say, for example, B1, B2, etc.

B1 - 2024-07-15T23:36:49Z - Forge Global CEO Kelly Rodriques sells over $725k in company stock - Investing.com
B2 - 2024-06-21T09:39:00Z - Strength Seen in Hut 8 (HUT): Can Its 8.8% Jump Turn into More Strength?
B3 - 2024-04-12T18:47:23Z - Why JPMorgan Shares Are Trading Lower By Around 5%? Here Are Other Stocks Moving In Friday's Mid-Day Session
B4 - 2024-04-05T12:01:39Z - Kura Sushi Posts Upbeat Sales, Joins Caribou Biosciences, Krispy Kreme And Other Big Stocks Moving Higher In Friday's Pre-Market Session
B5 - 2024-03-27T17:06:58Z - Why LuxUrban Hotels Shares Are Trading Lower By Around 27%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session
B6 - 2024-03-27T12:14:28Z - Why MariaDB Shares Are Trading Higher By Around 100%; Here Are 20 Stocks Moving Premarket

==============
-> THE ROLE FOR AI:
==============

1) You are the **AI analyst-investigator**, and this interaction represents a full **due diligence session** for Forge Global (FRGE).
Due diligence includes financial data, insider trading, relevant news, and any SEC filings — and may extend beyond classic fundamentals.
Your task is to identify whether this stock has momentum and potential.

2) I am **ScanScor**, a unified report generator that archives this session as part of our real-time diligence record.

3) You will request information by referencing documents by their code.

4) As the analysis proceeds, your are encouraged to review documents until you feel confident in your judgment.
After seeing 3 sets of news articles, SEC docs, and financials, you'll be prompted to return some data pairs.

5) News articles, SEC filings, and key metrics will be revealed in subsequent prompts.

Stay focused. Gather evidence. Continue until your conclusions are clear.
Restrict all your responses to just 3 tokens until the summary and data pairs at the end.

NEXT: Request a document with its reference code(s), such as:
- `B1`, `B2`, `B3`, etc.
- To load a new set of information and menu options, reply with: `NEX`

FRGE_OUT_3 [2025-04-24 04:12:56 -0400] 782 Bytes | 203 tokens | Cum: 1686 tkns (21.07% of 8k)
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Showing B1 (chunk 1 of 1): B1:
**Forge Global CEO Kelly Rodriques sells over $725k in company stock - Investing.com**Date: Unknown DateSource: Unknown SourceURL: https://www.investing.com/news/company-news/forge-global-ceo-kelly-rodriques-sells-over-725k-in-company-stock-93CH-3520045Forge Global CEO Kelly Rodriques has sold over $725,000 worth of company stock, according to SEC filings. The sales were conducted through a prearranged trading plan, and Rodriques still maintains a substantial ownership stake in the company.

Respond with ONLY ONE of the following (3 characters max):
- `MOR` to continue this item
- `NEX` to move to the next set of documents
- `C2`, `S3`, etc. to request another document
**DO NOT SUMMARIZE. DO NOT EXPLAIN.** Wait until all data is presented.

FRGE_OUT_5 [2025-04-24 04:12:57 -0400] 1012 Bytes | 312 tokens | Cum: 2000 tkns (25.00% of 8k)
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We present this news so you can catch the big movers from recently breaking news.
Here's a list of news articles you can literally read just by asking.
Usually the first item is the most important.

A1 - 2025-04-23T12:47:37Z - Enphase Energy Posts Downbeat Results, Joins Watsco And Other Big Stocks Moving Lower In Wednesday's...
A2 - 2025-04-23T12:06:48Z - 12 Financials Stocks Moving In Wednesday's Pre-Market Session - AMTD IDEA (NYSE:AMTD), AGM Gr Hldgs ...
A3 - 2025-04-23T11:01:37Z - Why Vertiv Holdings Shares Are Trading Higher By 17%; Here Are 20 Stocks Moving Premarket - AgriFORC...
A4 - 2025-04-22T21:05:54Z - 12 Financials Stocks Moving In Tuesday's After-Market Session - AIFU (NASDAQ:AIFU), AGM Gr Hldgs (NA...
A5 - 2025-04-22T19:04:00Z - Forge Global (FRGE) Surges 41.5%: Is This an Indication of Further Gains?...

Request an article by its reference number. (Ex., "A1" gets the first item)
You may also say NEX to go to the next listing.
Response to this prompt limited to 3 chars.

FRGE_OUT_7 [2025-04-24 04:12:58 -0400] 1181 Bytes | 308 tokens | Cum: 2310 tkns (28.88% of 8k)
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Showing A1 (chunk 1 of 4): A1:
**Enphase Energy Posts Downbeat Results, Joins Watsco And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session - Akso Health (NASDAQ:AHG), Enphase Energy (NASDAQ:ENPH)**Date: 2025-04-23Source: {'uri': 'benzinga.com', 'dataType': 'news', 'title': 'Benzinga'}URL: https://www.benzinga.com/25/04/44947484/enphase-energy-posts-downbeat-results-joins-watsco-and-other-big-stocks-moving-lower-in-wednesdays-pre-market-sessionU.S. stock futures were higher this morning, with the Dow futures gaining around 700 points on Wednesday.

Shares of Enphase Energy, Inc. ENPH fell sharply in today's pre-market trading after the company reported worse-than-expected quarterly financial results.

Enphase Energy reported first-quarter revenue of $356.1 million, missing the consensus estimate of $361.43 million. The solar company reported adjusted earnings of 68 cents per share, missing analyst est

Respond with ONLY ONE of the following (3 characters max):
- `MOR` to continue this item
- `NEX` to move to the next set of documents
- `C2`, `S3`, etc. to request another document
**DO NOT SUMMARIZE. DO NOT EXPLAIN.** Wait until all data is presented.

FRGE_OUT_9 [2025-04-24 04:13:00 -0400] 1181 Bytes | 344 tokens | Cum: 2656 tkns (33.20% of 8k)
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Showing A1 (chunk 2 of 4): imates of 70 cents per share, according to Benzinga Pro.

Enphase Energy shares dipped 11.5% to $47.22 in the pre-market trading session.

Here are some other stocks moving lower in pre-market trading.

Gelteq Limited GELS shares dipped 17.7% to $2.3709 in pre-market trading after jumping 211% on Tuesday. Forge Global Holdings, Inc. FRGE shares tumbled 12.1% to $10.38 in pre-market trading after falling 4% on Tuesday. NovaGold Resources Inc. NG fell 10.6% to $3.89 in today's pre-market trading after jumping 40% on Tuesday. Akso Health Group AHG dipped 9.4% to $1.2500 in pre-market trading. SolarEdge Technologies, Inc. SEDG dipped 7.2% to $12.11 in pre-market trading. SolarEdge Technologies will report financial results for the first quarter before market open on Tuesday, May 6. Orla Mining Ltd. ORLA fell 5.2% to $10.51 in pre-market trading. Watsco, Inc. WSO declined 4.7% to $479.67 in p

Respond with ONLY ONE of the following (3 characters max):
- `MOR` to continue this item
- `NEX` to move to the next set of documents
- `C2`, `S3`, etc. to request another document
**DO NOT SUMMARIZE. DO NOT EXPLAIN.** Wait until all data is presented.

FRGE_OUT_11 [2025-04-24 04:13:02 -0400] 1181 Bytes | 339 tokens | Cum: 2997 tkns (37.46% of 8k)
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Showing A1 (chunk 3 of 4): re-market trading following downbeat first-quarter results.

Now Read This:

Top 2 Tech And Telecom Stocks You May Want To Dump This Quarter

Photo via Shutterstock

AHGAkso Health Group$1.25-9.42%Stock Score Locked: Want to See it?

Benzinga Rankings give you vital metrics on any stock - anytime.

Reveal Full ScoreEdge RankingsMomentum88.91Growth-Quality-Value20.41Price TrendShortMediumLongOverviewENPHEnphase Energy Inc$48.27-9.65%FRGEForge Global Holdings Inc$11.01-6.77%GELSGelteq Ltd$2.36-18.1%NGNovagold Resources Inc$4.09-5.98%ORLAOrla Mining Ltd$10.51-5.15%SEDGSolarEdge Technologies Inc$12.45-4.60%WSOWatsco Inc$475.00-5.60%Got Questions? AskWhich solar companies might benefit from Enphase Energy's results?How will investors react to Enphase Energy's earnings miss?Could SolarEdge Technologies see increased volatility?Which energy stocks are undervalued after Enphase's drop?What impac

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- `NEX` to move to the next set of documents
- `C2`, `S3`, etc. to request another document
**DO NOT SUMMARIZE. DO NOT EXPLAIN.** Wait until all data is presented.

FRGE_OUT_13 [2025-04-24 04:13:03 -0400] 734 Bytes | 169 tokens | Cum: 3168 tkns (39.60% of 8k)
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Showing A1 (chunk 4 of 4): t will Enphase Energy's results have on renewable energy investments?How might Watsco recover from its earnings disappointment?Are there short-selling opportunities in solar stocks now?Which alternative energy sectors could outperform following Enphase's report?How will market sentiment shift after Gelteq's trading fluctuation?Which investors should consider buying dips in solar stocks?Powered ByMarket News and Data brought to you by Benzinga APIs

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- `C2`, `S3`, etc. to request another document
**DO NOT SUMMARIZE. DO NOT EXPLAIN.** Wait until all data is presented.

FRGE_OUT_15 [2025-04-24 04:13:04 -0400] 1109 Bytes | 280 tokens | Cum: 3450 tkns (43.12% of 8k)
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This is our list of SEC filings.
If empty, the search returned no recent filings.

S2 - 2025-04-10 8-K Item 2.02. Results of Oper and Fin Cond.

On April 10, 2025, Forge Global Holdings, Inc. (the Company) issued a press release announcing certain preliminary financial results and key business metrics for the quarter ended March 31, 2025 to its website at https:/...

S3 - 2025-03-31 8-K Item 7.01 Regulation FD Disclosure.

On March 31, 2025, the Company issued a press release announcing that its Board of Directors approved a 1-for-15 reverse stock split of its Common Stock to be effective 12:01 a.m., Eastern Time, on April 14, 2025. A copy of the press release ...

S9 - 2025-03-06 10-K Item 7. Management's Discussion and Analysis of Fin Cond and Results of Oper

The following discussion and analysis provide information that our management believes is relevant to an assessment and understanding of our CONS results of operations and fin...

Request filing by its reference number. (Ex., "S1" gets the first item)
You can say NEX to go to the next listing.
Response limited to 3 chars.

FRGE_OUT_17 [2025-04-24 04:13:05 -0400] 1181 Bytes | 285 tokens | Cum: 3737 tkns (46.71% of 8k)
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Showing S2 (chunk 1 of 2): S2:
Item 2.02. Results of Operations and Financial Condition.

On April 10, 2025, Forge Global Holdings, Inc. (the Company) issued a press release announcing certain preliminary financial results and key business metrics for the quarter ended March 31, 2025 to its website at https://ir.forgeglobal.com. A copy of the press release is furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

The information in Item 2.02 of this Current Report on Form 8-K (Current Report) and the accompanying exhibits shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act) or otherwise subject to the liabilities of that section, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general in

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**DO NOT SUMMARIZE. DO NOT EXPLAIN.** Wait until all data is presented.

FRGE_OUT_19 [2025-04-24 04:13:05 -0400] 381 Bytes | 99 tokens | Cum: 3838 tkns (47.98% of 8k)
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Showing S2 (chunk 2 of 2): corporation language in such filing, unless expressly incorporated by reference in such filing....

Respond with ONLY ONE of the following (3 characters max):
- `MOR` to continue this item
- `NEX` to move to the next set of documents
- `C2`, `S3`, etc. to request another document
**DO NOT SUMMARIZE. DO NOT EXPLAIN.** Wait until all data is presented.

FRGE_OUT_21 [2025-04-24 04:13:12 -0400] 7033 Bytes | 1902 tokens | Cum: 5744 tkns (71.80% of 8k)
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This is our set of metrics for Forge Global.
Please analyze the numbers.

+--------------------+------------------------+-------------------------+-------------------------+
| Volume: 204,338 | Perf Month: 34.88% | Option/Short: Yes / Yes | Sales Y/Y TTM: 13.62% |
+--------------------+------------------------+-------------------------+-------------------------+
| Avg Volume: 91.02K | Perf Quarter: 12.33% | Short Float: 3.63% | ROE: -27.24% |
+--------------------+------------------------+-------------------------+-------------------------+
| Rel Volume: 2.31 | Index: RUT | Short Ratio: 3.19 | ROI: -28.26% |
+--------------------+------------------------+-------------------------+-------------------------+
| RSI (14): 59.45 | Market Cap: 157.41M | Short Interest: 0.29M | Sales Surprise: -11.63% |
+--------------------+------------------------+-------------------------+-------------------------+
| ATR (14): 1.81 | Shs Outstand: 12.43M | Beta: 2.11 | EPS Surprise: 10.56% |
+--------------------+------------------------+-------------------------+-------------------------+
| SMA20: 30.52% | Shs Float: 7.99M | Sales Q/Q: -2.47% | P/E: - |
+--------------------+------------------------+-------------------------+-------------------------+
| SMA50: 16.23% | Inst Own: 24.98% | Sales past 5Y: -7.89% | Earnings: May 07 AMC |
+--------------------+------------------------+-------------------------+-------------------------+
| SMA200: -20.29% | Insider Own: 36.31% | Employees: 300 | |
+--------------------+------------------------+-------------------------+-------------------------+
| Perf Week: 6.09% | Insider Trans: -14.13% | Debt/Eq: 0.07 | |
+--------------------+------------------------+-------------------------+-------------------------+

The next section covers any insider trading by Forge Global officers or majority shareholders (if available).

Inside Trans: Forge Global Holdings, Inc. (FRGE) by Phillips Jennifer (Chief Revenue & Growth Officer) on 2025-04-15
- Common Stock, $0.0001 par value per share: 16150 shares at $15.1148 (D)

No transactions recorded.

Inside Trans: Forge Global Holdings, Inc. (FRGE) by Phillips Jennifer (Chief Revenue & Growth Officer) on 2025-03-21
- Common Stock, $0.0001 par value per share: 53570 shares at $0 (D)

Inside Trans: Forge Global Holdings, Inc. (FRGE) by Rodriques Kelly (Chief Executive Officer) on 2025-03-04
- Common Stock, $0.0001 par value per share: 111775 shares at $0 (D)
- Common Stock, $0.0001 par value per share: 97952 shares at $0 (D)

Inside Trans: Forge Global Holdings, Inc. (FRGE) by Phillips Jennifer (Chief Revenue & Growth Officer) on 2025-03-14
- Common Stock, $0.0001 par value per share: 50838 shares at $0 (D)

Inside Trans: Forge Global Holdings, Inc. (FRGE) by Dondzila Catherine M (Chief Accounting Officer) on 2025-03-14
- Common Stock, $0.0001 par value per share: 13011 shares at $0 (D)

[Company Financial Summary]
[Company Details]
Name: N/A
Market Cap: N/A
Shares Outstanding: N/A
Sector: N/A

[Financial Statements - Latest Quarter]
Total Assets: N/A
Total Liabilities: N/A
Total Equity: N/A
Revenue (Quarter): {'value': 79329000.0, 'unit': 'USD', 'label': 'Revenues', 'order': 100}
Net Income: {'value': -67843000.0, 'unit': 'USD', 'label': 'Net Income/Loss', 'order': 3200}
Earnings Per Share (EPS): N/A

[Price Metrics - Last 30 Days]
Latest Close: 12.55
Average Volume: 191109.53
30-Day High: 12.55
30-Day Low: 7.422

[Detailed Financials: TTM 2024]
- Total Assets: $263,506,000.00
- Total Liabilities: $36,764,000.00
- Total Equity: $226,742,000.00
- Current Assets: $119,167,000.00
- Current Liabilities: $25,144,000.00

[Income Statement: TTM 2024]
- Revenue: $79,329,000.00
- Net Income: $-67,843,000.00
- Gross Profit: $78,655,000.00
- Operating Income: $-82,263,000.00
- Earnings Per Share (EPS): -0.36

[Cash Flow Statement: TTM 2024]
- Net Cash Flow: $-39,528,000.00

[Detailed Financials: FY 2024]
- Total Assets: $263,506,000.00
- Total Liabilities: $36,764,000.00
- Total Equity: $226,742,000.00
- Current Assets: $119,167,000.00
- Current Liabilities: $25,144,000.00

[Income Statement: FY 2024]
- Revenue: $79,329,000.00
- Net Income: $-67,843,000.00
- Gross Profit: $78,655,000.00
- Operating Income: $-82,263,000.00
- Earnings Per Share (EPS): -0.36

[Cash Flow Statement: FY 2024]
- Net Cash Flow: $-39,528,000.00
==== END OF FINANCIAL REPORT ====

You are now requested to write a summary analysis of Forge Global (FRGE).

Please complete the report using the exact format:
FIELD[value]

1) BRIEF_SUMMARY[]
One well-worded paragraph summarizing your findings about Forge Global.

2) MARKET_SCORE[]
This conversation was initiated because FRGE is currently experiencing upward price and volume movement.
Estimate a number between 1–100 based on the likelihood of a continued upward price move for FRGE.
Weigh relevant data — news, filings, fundamentals, and metrics — and assign appropriate weight.

3) PRICE_TARGET[]
Suggest a price, based on all prior evidence and past price behavior, FRGE could reach in the current or upcoming trading sessions (1–5 days).
For example, if you expect FRGE to increase 50% from its current price of $0.00, say: PRICE_TARGET[0.0]

4) AI_RPT_HEADLINE[]
Write a thought-provoking 8–12 word headline summarizing this report.

5) SQUEEZE_POTENTIAL[]
Give a score from 1 to 100 representing the potential for this stock to become an active short squeeze play.
Be honest and unbiased. Consider short interest/float, price movement, volume, news strength, and volatility potential.

6) TAGS[]
List 3–6 comma-separated tags (e.g., biotech, earnings beat, squeeze setup)

7) STOCK_TYPE[]
Choose the most accurate classification: growth, value, turnaround, hype, squeeze, dividend, speculative, or other.

8) PRIMARY_CATALYST[]
e.g., earnings report, FDA approval, partnership, etc.

9) SENTIMENT[]
bullish, bearish, neutral, or mixed

10) IMPROVEMENT_SUGGESTION[]
If you believe some key info was missing, state what would have significantly improved your analysis of Forge Global.

11) ETHICAL_RATING[]
Rate Forge Global’s alignment with long-term shareholder interests, using a letter grade from A (high alignment) to F (low alignment).
Base this on actions such as insider buying/selling, share dilution, follow-through on public statements, and compensation practices.

12) UPCOMING_CATALYST[]
Specify any upcoming events you expect would be a catalyst affecting the share-price of Forge Global.
Provide any reasons you can use to support it.

Return only: FIELD[value] for each of the above 12 questions.
Respond with all data pairs. Take your best guess if you have to, but don't leave blank items.
Do not explain your answers. Return only the required fields in the exact format shown.

Finally, thank you for participating!

FRGE_IN_23 [2025-04-24 04:13:13 -0400] 126 Bytes | 29 tokens | Cum: 5974 tkns (74.67% of 8k)
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[2025-04-24 04:13:13] # Analysis Completed
Elapsed Time: 20.40 seconds