Figure Technology Solutions Announces Pricing and Upsizing of Offering of Class A Common Stock and Blockchain-Native Common Stock

Core Viewpoint - Figure Technology Solutions, Inc. has announced the pricing and upsizing of a secondary public offering of 4,375,000 shares of its Series A Blockchain Common Stock at a price of $32.00 per share, with the offering expected to close today, subject to customary closing conditions [1]. Group 1: Offering Details - The secondary public offering has been increased by 145,000 shares from the initial offering size [1]. - In total, selling shareholders are offering 4,687,500 shares of Class A common stock, an increase of 457,500 shares from the initial offering size [3]. - The offering is being managed by Goldman Sachs & Co. LLC, Morgan Stanley, and Cantor as lead joint book-running managers and sales agents [3]. Group 2: Share Repurchase - Figure has agreed to repurchase 312,500 shares of its Class A common stock from the underwriters for approximately $10 million, with the repurchase expected to close simultaneously with the offering [2]. - The funding for the share repurchase will come from cash on hand [2]. Group 3: Company Overview - Figure Technology Solutions, Inc. is a blockchain-native capital marketplace that connects origination, funding, and secondary market activity, with over 200 partners using its loan origination system [6]. - The company has originated over $22 billion of home equity financing to date, making it the largest non-bank provider in this sector [6]. - Key components of Figure's ecosystem include Figure Connect, a consumer credit marketplace, and Democratized Prime, an on-chain lend-borrow marketplace [6].