Figure Technology Solutions Announces Pricing and Upsizing of Offering of Class A Common Stock and Blockchain-Native Common Stock

Rhea-AI Summary

Figure Technology Solutions (Nasdaq: FIGR) priced and upsized a secondary offering of 4,375,000 Series A Blockchain Common Stock at $32.00 per share, increasing size by 145,000 shares. The sale is expected to close Feb 18, 2026, subject to customary conditions.

Figure agreed to repurchase 312,500 Class A shares for ~$10 million, funded with cash on hand; the repurchase and offering are expected to close simultaneously but the offering is not conditioned on the repurchase.

Positive

• Price set at $32.00 per share for Series A Blockchain stock
• Offering upsized by 145,000 shares to 4,375,000 shares
• Concurrent repurchase of 312,500 shares for approximately $10 million

Negative

• Selling shareholders offering 4,687,500 Class A shares (increased 457,500)
• Potential dilution from large secondary sale of class A and blockchain shares
• Cash outflow of about $10M reduces cash on hand used for repurchase

Key Figures

Series A Blockchain Common Stock offered: 4,375,000 shares Upsize from initial offer: 145,000 shares Offering price: $32.00 per share +5 more

8 metrics

Series A Blockchain Common Stock offered 4,375,000 shares Priced secondary public offering

Upsize from initial offer 145,000 shares Increase in Series A Blockchain Common Stock offering size

Offering price $32.00 per share Public offering price for Series A Blockchain Common Stock

Class A repurchase shares 312,500 shares Class A common stock Figure agreed to repurchase from underwriters

Repurchase value approximately $10 million Aggregate price for Class A share repurchase

Total Class A shares sold 4,687,500 shares Total Class A common stock sold by selling shareholders in offering

Increase in total Class A sold 457,500 shares Total offering size increase versus initial deal size

SEC effectiveness date February 17, 2026 Date registration statement was declared effective

Market Reality Check

Price: $36.91 Vol: Volume 5,178,912 is 25% a...

normal vol

$36.91 Last Close

Volume Volume 5,178,912 is 25% above 20-day average 4,159,242, indicating elevated interest ahead of this offering. normal

Technical Shares at $36.91 are trading below the 200-day MA of $43.61 and remain 52.68% under the 52-week high.

Peers on Argus

No peers from the Loan Brokers sector appeared in the momentum scanner and no sa...

No peers from the Loan Brokers sector appeared in the momentum scanner and no same-day peer headlines are listed, suggesting FIGR’s move is stock-specific to this secondary offering and structure.

Previous Offering Reports

3 past events · Latest: Feb 13 (Positive)

Same Type Pattern 3 events

Date	Event	Sentiment	Move	Catalyst
Feb 13	Secondary launch	Positive	+3.6%	Announced launch of secondary blockchain stock offering and up to $30M repurchase.
Nov 17	S-1 public filing	Positive	+5.0%	Public S-1 filing for non-dilutive blockchain stock structure and trading details.
Nov 13	Draft S-1 submission	Neutral	-7.3%	Confidential draft S-1 submission for proposed tokenized Series A Blockchain stock.

Pattern Detected

Offering-related headlines have produced mixed but generally modest moves, with two prior events showing positive reactions and one negative reaction to initial tokenized stock plans.

Recent Company History

Over recent months, Figure has repeatedly advanced its blockchain-native equity strategy. Prior offering-related updates on Nov 13, 2025 and Nov 17, 2025 detailed the tokenized Series A Blockchain Common Stock structure and emphasized its non-dilutive design. The Feb 13, 2026 launch of the secondary offering then outlined concrete share counts and an associated Class A repurchase. Today’s pricing and upsizing update follows that sequence, finalizing terms after the SEC declared the registration effective on Feb 17, 2026.

Historical Comparison

+0.4% avg move · Past offering-related headlines for FIGR produced an average move of about 0.42%, indicating histori...

offering

+0.4%

Average Historical Move offering

Past offering-related headlines for FIGR produced an average move of about 0.42%, indicating historically muted market reactions to this type of capital markets update.

The offering path progressed from confidential S-1 submission, to public S-1 for blockchain stock, to the launched secondary offering, and now to a priced and upsized deal with SEC effectiveness.

Market Pulse Summary

This announcement finalizes pricing and an upsized secondary offering of 4,375,000 Series A Blockcha...

Analysis

This announcement finalizes pricing and an upsized secondary offering of 4,375,000 Series A Blockchain Common Stock shares, alongside 4,687,500 Class A shares sold by existing holders. Figure also plans to repurchase 312,500 Class A shares for approximately $10 million, funded with cash. It follows months of S-1 amendments and prior offering updates that outlined the non-exchange blockchain trading structure. Investors may track how this structure affects liquidity, trading dynamics, and alignment between blockchain and Class A shares.

Key Terms

secondary public offering, blockchain-native, registration statement, prospectus, +4 more

8 terms

secondary public offering financial

"announced the pricing and upsizing of a secondary public offering of 4,375,000 shares"

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.

blockchain-native technical

"the leading blockchain-native capital marketplace for the origination, funding, sale"

Software, products or services described as blockchain-native are built from the ground up to run on a distributed digital ledger rather than being adapted from traditional systems. For investors this matters because blockchain-native offerings rely on network effects, token economics, and the security and speed of the underlying ledger, so they can offer new revenue models and efficiencies but also carry unique scalability, regulatory and custody risks—think of a boat designed for water versus a car put on a raft.

registration statement regulatory

"A registration statement relating to these securities was declared effective by the Securities and Exchange Commission"

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.

prospectus regulatory

"The offering is being made only by means of a prospectus. Copies of the final prospectus"

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.

underwriters financial

"Figure has also agreed to repurchase from the underwriters 312,500 shares of its Class A common stock"

Underwriters are financial professionals or institutions that help companies raise money by selling new securities, such as stocks or bonds, to investors. They assess the risk and determine the price at which these securities should be sold, acting like a bridge between the company and the investors. Their role helps ensure that the company raises the needed funds while providing investors with options that reflect the level of risk involved.

public offering price financial

"at a public offering price of $32.00 per share"

The public offering price is the amount of money a company charges investors to buy its shares during a new stock sale to the public. It determines how much the company raises and how much each share is worth at the start of trading. For investors, it helps gauge the initial value of the stock and whether it might be a good investment opportunity.

Class A common stock financial

"shares of Class A common stock in the offering, representing an increase"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

Securities and Exchange Commission regulatory

"was declared effective by the Securities and Exchange Commission (the “SEC”)"

A national government agency that enforces rules for buying, selling and disclosing information about stocks and other investments, acting like a referee and scorekeeper for financial markets. It requires companies to share clear, regular financial and business information and investigates fraud or rule-breaking, which matters to investors because those rules and disclosures help ensure fair prices, reduce hidden risks and make it easier to compare investment choices.

AI-generated analysis. Not financial advice.

NEW YORK, Feb. 18, 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 pricing and upsizing of a secondary public offering of 4,375,000 shares of its Series A Blockchain Common Stock, representing an increase of 145,000 shares from the initial offering size, at a public offering price of $32.00 per share. The offering is expected to close today, subject to the satisfaction of customary closing conditions.

Figure has also agreed to repurchase from the underwriters 312,500 shares of its Class A common stock that are subject to the offering for an aggregate price of approximately $10 million. The closing of this share repurchase is conditioned on, and expected to occur simultaneously with, the closing of the offering. The offering is not conditioned upon the completion of this share repurchase. Figure intends to fund this share repurchase with cash on hand.

In total, the selling shareholders are selling 4,687,500 shares of Class A common stock in the offering, representing an increase of 457,500 shares from the initial offering size. 

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

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission (the “SEC”) on February 17, 2026. The offering is being made only by means of a prospectus. Copies of the final 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.

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 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 did Figure (FIGR) price its Feb 18, 2026 secondary offering at?

The offering was priced at $32.00 per share. According to the company, the priced secondary offering covers 4,375,000 Series A Blockchain common shares, reflecting an upsizing of 145,000 shares from the initial size.

How many shares is Figure (FIGR) selling in the Feb 18, 2026 offering?

Selling shareholders are offering 4,687,500 shares of Class A common stock. According to the company, this total represents an increase of 457,500 shares from the initial offering size.

What is the size and timing of Figure's (FIGR) announced share repurchase?

Figure agreed to repurchase 312,500 Class A shares for about $10 million. According to the company, the repurchase is conditioned on and expected to close simultaneously with the offering.

Will Figure's (FIGR) share repurchase affect the offering closing?

The offering is not conditional on the repurchase closing. According to the company, the offering may close even if the repurchase does not, though both are expected to occur together.

Who are the lead managers for Figure's (FIGR) Feb 18, 2026 offering?

Goldman Sachs, Morgan Stanley and Cantor are the lead joint book-running managers. According to the company, these firms are acting as lead managers and sales agents for the offering.

How was Figure's (FIGR) offering registered with the SEC for Feb 18, 2026?

A registration statement was declared effective by the SEC on Feb 17, 2026. According to the company, the offering is being made only by means of a prospectus and copies will be made available via the managers.