Figure Technology Solutions, Inc. (“Figure”) today announced it has upsized its initial public offering from 26,315,789 shares of Class A common stock to 31,500,000 shares of Class A common stock, of which 26,645,296 shares are being offered by Figure and 4,854,704 shares are being offered by certain of Figure’s existing stockholders, and increased the expected price range from $18.00-$20.00 to $20.00-$22.00 per share. Figure intends to grant the underwriters a 30-day option to purchase up to an additional 4,725,000 shares of its Class A common stock, at the initial public offering price, less underwriting discounts and commissions. Figure will not receive any proceeds from the sale of shares by the selling stockholders.

The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or other terms of the offering. Figure has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol “FIGR”.

Goldman Sachs & Co. LLC, Jefferies, and BofA Securities are acting as joint lead bookrunning managers for the proposed offering. Societe Generale, Keefe, Bruyette & Woods, A Stifel Company and Mizuho are acting as bookrunners for the proposed offering. Texas Capital Securities, Needham & Company, Piper Sandler, FT Partners, KKR and Roberts & Ryan are acting as co-managers for the proposed offering.

The proposed offering is being made only by means of a prospectus. Copies of the preliminary prospectus related to the offering 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, or by email at prospectus-ny@ny.email.gs.com; Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, New York 10022, by telephone at 1-877-821-7388, or by email at prospectus_department@jefferies.com; and BofA Securities, Attention: Prospectus Department, NC1-022-02-25, 201 North Tryon Street, Charlotte, North Carolina 28255-0001 or by email at dg.prospectus_requests@bofa.com.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. 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

Figure Technology Solutions, Inc. is a blockchain-native capital marketplace that seamlessly connects origination, funding, and secondary market activity. More than 160 partners use its loan origination system and capital marketplace. Collectively, Figure and its partners have originated over $16 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 YLDS, an SEC-registered yield-bearing stablecoin that operates as a tokenized money market fund.

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