Figure Acquisition Corp. I Rede
FACA-WT
New York Stock Exchange0.00
USD
+0.00
- -
CIK
0001839550
Return %
Stock
S&P500
1Y
-88.48
26.53
3Y
-88.48
76.60
5Y
-88.48
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Full Time Employees
- 3
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- San Francisco United States of America
- IPO Date
- Feb 10, 2021
- CIK
- 0001839550
- Similar Companies
- Business
- Figure Acquisition Corp. I is a special purpose acquisition company (SPAC) incorporated as a Delaware corporation, focused on effecting mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations primarily in the financial technology and financial services sectors. The company is affiliated with fintech firm Figure Technologies and operates principally in the United States. Founded to leverage blockchain technology and innovations in financial services, Figure Acquisition Corp. I engages in strategic business combinations aimed at expanding its footprint in mortgage lending and consumer loan markets. The company has recently announced intentions to merge with a large privately held warehouse lender and bank holding company with nationwide residential mortgage lending and servicing operations, representing a strategic move to integrate blockchain technology into traditional banking. This prospective merger is expected to combine the bank's established balance sheet, broad geographic footprint, and seasoned management with Figure’s technology-driven approach to regulated financial services. This initiative aligns with Figure Acquisition Corp. I's vision of transforming banking through tech-enabled solutions. The company has sought shareholder approval for an extension needed to complete this business combination, underscoring the importance of this strategic transaction in its growth trajectory. Figure Acquisition Corp. I's latest operational focus includes supporting fintech innovations through its association with Figure Technologies, which offers a blockchain-based consumer credit marketplace known as Figure Connect, originating and trading tokenized home equity, mortgage, and other consumer loans. Additional pioneering offerings include Democratized Prime, an on-chain lending-borrowing marketplace, the Digital Asset Registry Technology (DART) for asset custody and lien perfection, and YLDS, a SEC-registered yield-bearing stablecoin operating as a tokenized money market fund. These products position the company as a market leader in real-world asset tokenization, with recent securitizations receiving AAA ratings from S&P. The company was formed with management leadership including Chairman Mike Cagney, and has a history of pursuing capital raises and strategic acquisitions to drive growth in decentralized finance (DeFi) and traditional financial markets. Recent investor interest at its IPO has fueled product innovation and expansion, aimed at integrating blockchain with conventional lending to unlock new capital markets and marketplace liquidity. Figure Acquisition Corp. I continues to focus on technology-driven financial service innovation, facilitating blockchain-native asset trading and lending solutions while seeking to expand its partner network and underlying asset base. Headquartered in Delaware, Figure Acquisition Corp. I operates through fintech-related subsidiaries and strategic alliances and maintains an active presence in the U.S. mortgage, consumer lending, and decentralized finance sectors. The company was originally founded as a blank check entity and has evolved into a sector innovator, advancing financial products that combine blockchain technology with traditional capital markets operations. Its strategic focus on merger and acquisition activity, alongside product innovation in tokenized financial assets, shapes its ongoing growth and market positioning.