Figure Technology Solutions Announces Pricing and Upsizing of Offering of Class A Common Stock and Blockchain-Native Common Stock
MWN-AI** Summary
Figure Technology Solutions, Inc. (Nasdaq: FIGR) has announced the pricing and upsizing of a secondary public offering of its Series A Blockchain Common Stock. The offering includes 4,375,000 shares, an increase of 145,000 shares from the initial offering, at a public price of $32.00 per share. The deal is expected to close on February 18, 2026, subject to the fulfillment of customary closing conditions.
In conjunction with this offering, Figure will also repurchase 312,500 shares of its Class A common stock for about $10 million from the underwriters. This repurchase transaction will occur simultaneously with the offering's closing, although it is not a condition for the offering itself. The total number of shares being sold by the selling shareholders amounts to 4,687,500, reflecting an overall increase of 457,500 shares from the initial proposal.
Goldman Sachs & Co. LLC, Morgan Stanley, and Cantor Fitzgerald are serving as lead joint book-running managers and sales agents for this offering. The registration statement for these securities was approved by the Securities and Exchange Commission (SEC) on February 17, 2026. The offering will be conducted via a prospectus, with copies available through the mentioned financial institutions.
Figure Technology Solutions operates as a blockchain-native capital marketplace, facilitating the origination and trading of tokenized assets. It has established itself as the largest non-bank provider of home equity financing, having originated over $22 billion in home equity products to date. The company's innovative components include the Figure Connect credit marketplace and $YLDS, a yield-bearing stablecoin, among others.
Investors are advised to consider opportunities with caution and are encouraged to review the prospectus available on the SEC’s website.
MWN-AI** Analysis
Figure Technology Solutions, Inc. (Nasdaq: FIGR) has made headlines in the investment community with its recent announcement regarding a secondary public offering of its Series A Blockchain Common Stock. The offering, which has been upsized to 4,375,000 shares at a price of $32.00 per share, is indicative of strong market interest and demand for blockchain-related assets. This price point values the company at approximately $140 million for this specific offering, showcasing its growth trajectory amid the evolving digital asset landscape.
Investors should closely monitor this development as it reflects Figure's confidence in its business model and capital structure. The decision to repurchase shares from underwriters, amounting to about $10 million, signals a commitment to maintaining shareholder value and suggests that Figure views its stock as undervalued or strategically important. This repurchase is not contingent on the successful completion of the offering, which provides additional assurance to investors regarding company stability.
Moreover, with the involvement of reputable investment banks like Goldman Sachs and Morgan Stanley, the offering is well-catered for, ensuring market confidence. Figure's innovative ecosystem, which includes launched products such as Figure Connect and the $YLDS stablecoin, positions it as a cutting-edge player in the financial technology space.
For prospective investors, evaluating the operational performance and market reception of Figure’s offerings will be crucial. Given its leadership in the blockchain capital marketplace and a track record of originating over $22 billion in home equity, the company is well-placed to capitalize on the growing interest in tokenized asset trading. However, potential risks associated with market volatility and regulatory scrutiny in the crypto and fintech spaces should also be considered. Investors are advised to conduct thorough due diligence before engaging with Figure’s stock post-offering.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
NEW YORK, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Figure Technology Solutions, Inc. (Nasdaq: FIGR) (“Figure”), the leading blockchain-native capital marketplace for the origination, funding, sale and trading of tokenized assets, today announced the pricing and upsizing of a secondary public offering of 4,375,000 shares of its Series A Blockchain Common Stock, representing an increase of 145,000 shares from the initial offering size, at a public offering price of $32.00 per share. The offering is expected to close today, subject to the satisfaction of customary closing conditions.
Figure has also agreed to repurchase from the underwriters 312,500 shares of its Class A common stock that are subject to the offering for an aggregate price of approximately $10 million. The closing of this share repurchase is conditioned on, and expected to occur simultaneously with, the closing of the offering. The offering is not conditioned upon the completion of this share repurchase. Figure intends to fund this share repurchase with cash on hand.
In total, the selling shareholders are selling 4,687,500 shares of Class A common stock in the offering, representing an increase of 457,500 shares from the initial offering size.
Goldman Sachs & Co. LLC, Morgan Stanley and Cantor are acting as lead joint book-running managers and sales agents for the offering.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission (the “SEC”) on February 17, 2026. The offering is being made only by means of a prospectus. Copies of the final prospectus, when available, may be obtained from: Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, by telephone at 1-866-471-2526, by facsimile at 212-902-9316 or by email at prospectus-ny@ny.email.gs.com; Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014; or Cantor Fitzgerald & Co., Attention: Capital Markets, 110 East 59th Street, 6th Floor, New York, New York 10022, or by email at prospectus@cantor.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Figure Technology Solutions, Inc.
Figure Technology Solutions, Inc. (Nasdaq: FIGR) is a blockchain-native capital marketplace that seamlessly connects origination, funding, and secondary market activity. More than 200 partners use its loan origination system and capital marketplace. Collectively, Figure and its partners have originated over $22 billion of home equity to date, among other products, making Figure’s ecosystem the largest non-bank provider of home equity financing. The fastest growing components are Figure Connect, its consumer credit marketplace, and Democratized Prime, Figure’s on-chain lend-borrow marketplace. Figure's ecosystem also includes DART (Digital Asset Registry Technology) for asset custody and lien perfection, and , an SEC-registered yield-bearing stablecoin that operates as a tokenized money market fund.
stablecoins are unsecured face-amount certificates and solely backed by the assets of Figure Certificate Company (“FCC”), which is the issuer of the certificates. The registration of and FCC with the SEC does not imply approval of either by the SEC. You should consider the investment objectives, risks, charges and expenses of certificates carefully before investing in . Download a free prospectus, which contains this and other important information about FCC and its certificates on the SEC’s website at www.sec.gov.
Forward-Looking Statements
This press release contains forward looking statements, including statements regarding the offering. These statements are not historical facts but rather are based on Figure’s current expectations and projections regarding its business, operations and other factors relating thereto. Words such as “may,” “will,” “would,” “should,” “predict,” “expects” and similar expressions are used to identify these forward-looking statements. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including, but not limited to, those in Figure’s registration statement filed with the SEC, which is available free of charge on the SEC’s website at: www.sec.gov.
Contact
press@figure.com
investors@figure.com
FAQ**
What impact will the "First Nb Groton Ny FIGR" secondary offering have on the stock price and investor sentiment towards Figure Technology Solutions, Inc. in the short term?
How does the "First Nb Groton Ny FIGR" deal align with Figure Technology Solutions' long-term funding and growth strategy for its blockchain-native capital marketplace?
What risks should investors consider regarding the "First Nb Groton Ny FIGR" stock repurchase while evaluating Figure Technology Solutions' commitment to maintaining share value?
How might advancements in Figure's ecosystem, such as the $YLDS stablecoin, be influenced by the "First Nb Groton Ny FIGR" offering and its subsequent market reception?
**MWN-AI FAQ is based on asking OpenAI questions about First Nb Groton Ny (OTC: FIGR).
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