Figure Acquisition Corp. I announced that starting April 12, 2021, holders of its 28,750,000 units from the IPO can separately trade Class A common stock and warrants. The units were initially sold on February 23, 2021, including an additional 3,750,000 from the underwriters’ over-allotment. Separated shares will trade on NYSE under symbols ‘FACA’ and ‘FACA WS’, while unsold units continue under ‘FACA.U’. The announcement does not constitute an offer to buy or sell securities, and any prospectus can be accessed for free on the SEC’s website or through Citigroup Global Markets Inc.
Figure Acquisition Corp. I has successfully concluded its initial public offering, offering 28,750,000 units at $10.00 each, yielding $287.5 million in gross proceeds. Each unit comprises one Class A common stock and one-fourth of a redeemable warrant. The company aims to pursue mergers and acquisitions primarily in the financial technology sector. The units are traded on the NYSE under the symbol FACA.U, with plans for separate listings for the Class A stock and warrants. Citigroup Global Markets served as the offering's sole book-running manager.
Figure Acquisition Corp. I has priced its initial public offering at $10.00 per unit, totaling 25,000,000 units. The offering is expected to commence trading on NYSE under the symbol 'FACA.U' on February 19, 2021. Each unit comprises one share of Class A common stock and one-fourth of a redeemable warrant, enabling stock purchase at $11.50 per share. The company aims to pursue mergers or acquisitions in the financial technology sector. Citigroup Global Markets is the sole book-runner, with a closing date projected for February 23, 2021.