Figure secondary issuance of blockchain common shares and repurchase of some Class A shares

PANews, February 13 — According to GlobeNewswire, Figure Technology Solutions (Nasdaq: FIGR) announced the launch of a secondary public offering of up to 4.23 million shares of Series A Blockchain Common Stock. This offering is for existing shareholders to sell shares; the company will not directly sell new shares. Figure plans to repurchase up to $30 million worth of Class A common stock with its own funds after the offering is completed, at the same per-share price paid by the underwriters to the selling shareholders. Goldman Sachs, Morgan Stanley, and Cantor will serve as joint book runners. The offering has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. The securities involved can only be sold and traded legally after the registration becomes effective.