Figure Technology Solutions Announces Launch of Secondary Offering of Blockchain-Native Common Stock

Rhea-AI Summary

Figure Technology Solutions (Nasdaq: FIGR) announced a proposed secondary public offering of up to 4,230,000 shares of its Series A Blockchain Common Stock.

The company also intends to repurchase up to $30 million of Class A common stock from the underwriters at the offering price, funded with cash on hand. A registration statement has been filed with the SEC but is not yet effective.

Goldman Sachs, Morgan Stanley and Cantor are lead joint book-runners; the offering will be made only by prospectus.

Positive

• Offering announced: Proposed sale of up to 4,230,000 Blockchain Stock shares
• Share repurchase planned: Intent to repurchase up to $30 million of Class A stock with cash on hand
• Institutional placement support: Goldman Sachs, Morgan Stanley and Cantor named as lead joint book-runners

Negative

• Registration pending: Registration statement filed with SEC but not yet effective
• Offering conditional: Securities may not be sold prior to effectiveness or required state qualifications
• Potential market uncertainty: Proposed offering subject to market and underwriting conditions and may not occur

News Market Reaction – FIGR

+3.57%

8 alerts

+3.57% Session close to close

+12.0% Peak in 3 hr 18 min

$7.80B Market Cap

0.7x Rel. Volume

In the Feb 13 session, FIGR gained 3.57%, reflecting a moderate positive market reaction. Argus tracked a peak move of +12.0% during that session. Our momentum scanner triggered 8 alerts that day, indicating moderate trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement advances Figure’s blockchain-native equity strategy by launching a secondary offer...

Analysis

This announcement advances Figure’s blockchain-native equity strategy by launching a secondary offering of up to 4,230,000 Series A Blockchain Common Stock shares, paired with a planned Class A share repurchase of up to $30 million. It operationalizes prior S-1 filings that described a largely non-dilutive structure. Context includes the stock trading well below its $78 52-week high and a history of mixed market reactions to earlier offering-related filings, underscoring execution and structure as key watch points.

Key Figures

Secondary shares offered: 4,230,000 shares Planned share repurchase: $30 million

2 metrics

Secondary shares offered 4,230,000 shares Proposed secondary public offering of Series A Blockchain Common Stock

Planned share repurchase $30 million Intended repurchase of Class A shares from underwriters using cash on hand

Previous Offering Reports

2 past events · Latest: Nov 17 (Positive)

Same Type Pattern 2 events

Date	Event	Sentiment	24h Move	Catalyst
Nov 17	Offering registration filing	Positive	+5.0%	Public S-1 filing for non-dilutive Series A Blockchain Common Stock offering.
Nov 13	Confidential draft filing	Positive	-7.3%	Confidential S-1 submission for non-dilutive tokenized stock secondary structure.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

For offering-related headlines, FIGR has shown a mixed pattern: one positive reaction and one negative, with a small average move of -1.16% around such events.

Recent Company History

Recent history for Figure centers on its blockchain-native equity structure. In Nov 2025, it confidentially submitted and then publicly filed an S-1 for the Series A Blockchain Common Stock, describing the structure as non-dilutive and secondary. Market reactions were split: one filing saw a +4.97% move, another -7.29%. Today’s launch of the secondary offering operationalizes that structure, moving from registration steps toward execution while keeping focus on tokenized equity and treasury share management.

Key Terms

secondary public offering, tokenized assets, prospectus, registration statement

4 terms

secondary public offering financial

"today announced the commencement of a proposed secondary public offering of up to"

A secondary public offering is when a company sells additional shares to the public after its initial sale, often to raise more money or allow early investors to cash out. For investors, it can impact the stock's price by increasing the number of shares available, potentially making the stock more or less valuable depending on demand.

tokenized assets technical

"for the origination, funding, sale and trading of tokenized assets, today announced"

A tokenized asset is a digital representation of ownership or rights to a real-world or financial item—such as property, a bond, or a piece of art—recorded on a secure digital ledger. Think of it like turning an asset into many small, tradable tickets that can be bought, sold, or transferred more quickly and cheaply; for investors this can mean easier access, fractional ownership, greater liquidity, and faster settlement, but also introduces technology, legal and market risks.

prospectus regulatory

"The proposed offering will be made only by means of a prospectus. Copies of the"

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

registration statement regulatory

"A registration statement relating to these securities has been filed with the"

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK, Feb. 13, 2026 (GLOBE NEWSWIRE) -- Figure Technology Solutions, Inc. (Nasdaq: FIGR) (“Figure”), the leading blockchain-native capital marketplace for the origination, funding, sale and trading of tokenized assets, today announced the commencement of a proposed secondary public offering of up to 4,230,000 shares of its Series A Blockchain Common Stock (the “Blockchain Stock”).

Subject to the completion of the proposed offering, Figure intends to repurchase from the underwriters shares of its Class A common stock that are subject to the proposed offering at an aggregate amount of up to $30 million at a price per share equal to the price per share to be paid by the underwriters to the selling stockholders. Figure intends to fund this share repurchase with cash on hand.

Goldman Sachs & Co. LLC, Morgan Stanley and Cantor will act as lead joint book-running managers and sales agents for the proposed offering.

The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus, when available, 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, by facsimile at 212-902-9316 or by email at prospectus-ny@ny.email.gs.com; Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014; or Cantor Fitzgerald & Co., Attention: Capital Markets, 110 East 59th Street, 6th Floor, New York, New York 10022, or by email at prospectus@cantor.com.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission (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, Inc.

Figure Technology Solutions, Inc. (Nasdaq: FIGR) is a blockchain-native capital marketplace that seamlessly connects origination, funding, and secondary market activity. More than 200 partners use its loan origination system and capital marketplace. Collectively, Figure and its partners have originated over $22 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.

$YLDS stablecoins are unsecured face-amount certificates and solely backed by the assets of Figure Certificate Company (“FCC”), which is the issuer of the certificates. The registration of $YLDS and FCC with the SEC does not imply approval of either by the SEC. You should consider the investment objectives, risks, charges and expenses of certificates carefully before investing in $YLDS. Download a free prospectus, which contains this and other important information about FCC and its certificates on the SEC’s website at www.sec.gov.

Forward-Looking Statements

This press release contains forward looking statements, including statements regarding the proposed offering. These statements are not historical facts but rather are based on Figure’s current expectations and projections regarding its business, operations and other factors relating thereto. Words such as “may,” “will,” “would,” “should,” “predict,” “expects” and similar expressions are used to identify these forward-looking statements. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including, but not limited to, those in Figure’s registration statement filed with the SEC, which is available free of charge on the SEC’s website at: www.sec.gov.

Contact

press@figure.com
investors@figure.com

FAQ

What is Figure Technology Solutions (FIGR) offering in the February 13, 2026 secondary offering?

Figure is proposing to sell up to 4,230,000 shares of Series A Blockchain Common Stock. According to the company, the offering is a secondary public offering and will be made only by prospectus after the SEC registration becomes effective.

How much stock repurchase did Figure (FIGR) announce alongside the offering and how will it be funded?

Figure intends to repurchase up to $30 million of Class A common stock at the offering price. According to the company, the repurchase would be funded with cash on hand and tied to completion of the proposed offering.

Which banks are managing the FIGR proposed offering announced February 13, 2026?

Goldman Sachs, Morgan Stanley and Cantor are named as lead joint book-running managers and sales agents. According to the company, these firms will coordinate distribution and the prospectus when the registration is effective.

Has Figure (FIGR) completed the SEC registration for the secondary offering announced Feb 13, 2026?

No, the registration statement has been filed with the SEC but is not yet effective. According to the company, securities cannot be sold nor offers accepted until the registration becomes effective.

Where can investors obtain the FIGR preliminary prospectus for the February 13, 2026 offering?

Investors can request the preliminary prospectus from Goldman Sachs, Morgan Stanley or Cantor as listed in the announcement. According to the company, contact details for each underwriter are provided for prospectus requests.