Figure Technology Solutions, Inc. Announces Confidential Submission of Draft Registration Statement for Proposed Public Offering of Tokenized Stock
Rhea-AI Summary
Figure Technology Solutions (NASDAQ: FIGR) announced on Nov 13, 2025 that it confidentially submitted a draft Form S-1 to the SEC for a proposed public offering of its Series A Blockchain Common Stock (Tokenized Stock).
The Tokenized Stock will trade on Figure's alternative trading system (not on legacy exchanges), be delivered to wallets on the Provenance blockchain, and is convertible into Class A common stock on a one-for-one basis. The offering is described as 100% synthetic secondary and therefore stated to be non-dilutive. Number of shares and price range have not been determined; the offering is subject to market conditions and SEC review.
Positive
- Offering described as 100% synthetic secondary — stated non-dilutive
- Tokenized Stock convertible 1-for-1 into Class A common stock
- Settlement to wallets on the Provenance blockchain, enabling token delivery
- Trading on Figure's alternative trading system — controlled market access
Negative
- Number of shares and price range not yet determined
- Offering subject to SEC review and market conditions — timing uncertain
- Tokenized Stock will not list on legacy exchanges, which may limit access
News Market Reaction
On the day this news was published, FIGR declined 7.29%, reflecting a notable negative market reaction. Argus tracked a peak move of +21.2% during that session. Our momentum scanner triggered 103 alerts that day, indicating very high trading interest and price volatility. This price movement removed approximately $730M from the company's valuation, bringing the market cap to $9.28B at that time. Trading volume was elevated at 2.2x the daily average, suggesting increased selling activity.
Data tracked by StockTitan Argus on the day of publication.
NEW YORK, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Figure Technology Solutions, Inc. (“FTS”) today announced that it has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC"), relating to the proposed public offering of its Series A Blockchain Common Stock, par value
The offering will be
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended ("Securities Act"). This announcement is being issued in accordance with Rule 135 under the Securities Act.
Contact
press@figure.com
FAQ
What did FIGR announce on Nov 13, 2025 about tokenized stock?
Will FIGR's Tokenized Stock dilute existing shareholders (FIGR)?
How will FIGR Tokenized Stock trade and settle (FIGR)?
Can FIGR Tokenized Stock convert to regular FIGR shares and at what ratio?
Has FIGR set the size or price range for the proposed FIGR offering?
What approvals or conditions must FIGR complete before offering Tokenized Stock?
