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
News Market Reaction – FIGR
On the day this news was published, FIGR declined 3.82%, reflecting a moderate negative market reaction. Argus tracked a trough of -9.1% from its starting point during tracking. Our momentum scanner triggered 56 alerts that day, indicating high trading interest and price volatility. This price movement removed approximately $312M from the company's valuation, bringing the market cap to $7.85B at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
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
| 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. |
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.
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
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 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 financial
blockchain-native technical
registration statement regulatory
prospectus regulatory
underwriters financial
public offering price financial
Class A common stock financial
Securities and Exchange Commission regulatory
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
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
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
$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
