The Amended Preliminary Prospectus for Figure Technology Solutions, Inc., filed with the SEC on September 8, 2025
Key Updates in the Amended Prospectus
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Price Range Adjustment: Increased from $18–$20 to $20–$22 per share
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Raised due to strong institutional interest and favorable market conditions
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Share Allocation Clarified:
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~26.6 million shares offered by Figure
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~4.85 million shares from existing shareholders
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Total float: ~31.5 million Class A shares
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Underwriter Details Finalized:
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Lead bookrunners: Goldman Sachs, Jefferies, BofA Securities
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Additional co-managers added for broader distribution
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Use of Proceeds Refined:
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More specific breakdown of how funds will support platform expansion, R&D, and regulatory compliance
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Risk Factor Language Tweaked:
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Slightly expanded disclosures around blockchain regulation and Provenance Blockchain dependency
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