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].

Core Viewpoint - Figure Technology Solutions, Inc. has announced a proposed secondary public offering of up to 4,230,000 shares of its Series A Blockchain Common Stock, aiming to enhance its capital structure and market presence [1] Group 1: Offering Details - The proposed offering includes a share repurchase plan where Figure intends to buy back up to $30 million of its Class A common stock from underwriters at the same price per share as the offering [2] - Goldman Sachs & Co. LLC, Morgan Stanley, and Cantor Fitzgerald will serve as lead joint book-running managers and sales agents for the offering [3] Group 2: Company Overview - Figure Technology Solutions operates as a blockchain-native capital marketplace, facilitating origination, funding, and trading of tokenized assets, with over 200 partners and more than $22 billion in home equity originated [6] - The company’s ecosystem includes Figure Connect, a consumer credit marketplace, and Democratized Prime, an on-chain lend-borrow marketplace, along with DART for asset custody and $YLDS, a yield-bearing stablecoin [6]

Core Viewpoint - Figure Technology Solutions, Inc. has announced a registration statement for the proposed offering of its Series A Blockchain Common Stock, marking a significant advancement in blockchain-native capital markets and aiming to enhance efficiency and risk management in the securities market [1][3][5] Group 1: Blockchain Stock Offering - The Blockchain Stock will be a blockchain-native equity security, convertible into shares of Figure's Class A Common Stock on a one-for-one basis, and will trade on Figure's alternative trading system [1][6] - This offering is expected to be non-dilutive to existing shareholders, with shares of Class A Common Stock sold by existing investors to underwriters [6][7] - The offering will utilize a blockchain-only securities stack, eliminating the need for traditional centralized intermediaries and allowing for self-custody and self-settlement [2][6] Group 2: Market Innovations - The Blockchain Stock will trade 24/7 and allow holders to lend their stock transparently, capturing economic benefits during high lending rates [4][5] - Figure's $YLDS, the first SEC-registered transferable yielding stablecoin, will be used for settlement in the secondary market [6][12] - The offering sets multiple industry firsts, including direct on-chain governance for shareholders, enabling secure and transparent voting without intermediaries [6][12] Group 3: Company Background - Figure is a leader in real-world asset tokenization, having originated over $19 billion in home equity loans, making it the largest non-bank provider of home equity financing [12][13] - The company operates a comprehensive ecosystem that includes a loan origination system, a capital marketplace, and a digital asset registry technology [12] - Figure's recent securitization received an AAA rating from S&P, highlighting its credibility in blockchain finance [13]