Figure Acquisition Corp. I
FACA-UN
New York Stock Exchange10.03
USD
+0.03
- -
Figure Acquisition Corp. I
FACA-UN
(New York Stock Exchange)
Recent
price
10.03
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Figure Acquisition Corp. I (NYSE:FACA-UN) is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, with a focus on the financial technology and financial services sector; it offers no current products or services beyond its SPAC structure. Incorporated as a Delaware corporation in 2020 and headquartered in San Francisco, California, the company targets opportunities leveraging technology in regulated financial services, including potential applications of blockchain, artificial intelligence, and advanced analytics. Its units consist of one share of Class A common stock and one-quarter of one redeemable warrant, tradable under the ticker FACA-UN. The company completed its initial public offering in February 2021, raising $287.5 million through the sale of 28,750,000 units at $10.00 each, with underwriters exercising their full over-allotment option. Management includes Chairman Michael Cagney, formerly of SoFi, Chief Executive Officer C.D. Davies, Chief Financial Officer TJ Milani, and President Asiff Hirji, bringing expertise from financial services and technology sectors. In December 2022, Figure Acquisition Corp. I signed a non-binding letter of intent for a business combination with an unnamed privately held bank holding company with $3-5 billion in assets, focused on nationwide residential mortgage lending, servicing, and warehouse lending operations, aiming to integrate blockchain solutions post-merger; however, the transaction did not proceed, leading to significant redemptions at approximately $10.05 per share and the anticipated delisting of its securities. As of late 2025, the company maintains a market capitalization around $412 million with shares trading near $10.04, and no further merger or acquisition has been completed, leaving it without operational business activities or revenue generation.