Figure Technology Solutions (NASDAQ: FIGR) has announced a secondary public offering of up to 4.23 million Series A Blockchain Common Stock. The offering, reported on February 13th, involves existing shareholders selling shares, with no new shares being issued by the company. Following the offering, Figure plans to repurchase up to $30 million of Class A common stock using its own funds, matching the price paid by underwriters to the selling shareholders.
Goldman Sachs, Morgan Stanley, and Cantor are set to act as joint bookrunners for the offering. The offering has been registered with the U.S. Securities and Exchange Commission (SEC) but is not yet effective. The securities will be available for sale and trading only after the registration becomes effective.
Figure Technology Announces Secondary Offering and Share Buyback
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