Figure 2 shows the issuance of blockchain common stock and the repurchase of some Class A shares.

PANews reported on February 13th that Figure Technology Solutions (NASDAQ: FIGR) announced a secondary public offering of up to 4.23 million Series A Blockchain Common Stock. This offering involves the sale of shares by existing shareholders; the company will not directly sell new shares. Figure plans to repurchase up to $30 million worth of Class A common stock using its own funds after the offering, at the same price paid by the underwriters to the selling shareholders. Goldman Sachs, Morgan Stanley, and Cantor will act as joint bookrunners. The offering has been registered with the U.S. Securities and Exchange Commission (SEC) and is not yet effective; the securities will only be legally available for sale and trading after registration becomes effective.