Figure Technology holders plan sale of 50K shares
Figure Technology Solutions, Inc. (FIGR) received a notice that Morgan Creek Capital Management, LLC, as investment manager to certain shareholders, intends to sell shares of Figure common stock under Rule 144.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Figure Technology Solutions, Inc. (FIGR) received a notice that Morgan Creek Capital Management, LLC, as investment manager to certain shareholders, intends to sell shares of Figure common stock under Rule 144. The proposed sale covers 50,190 shares of common stock through Merrill Lynch on Nasdaq.
The notice states that Figure had 185,672,153 common shares outstanding as of the time referenced. The shares to be sold were originally acquired in a private placement on 02/27/2019 for cash. Morgan Creek Capital Management, LLC and the related selling entities state that they expressly disclaim status as an “affiliate” of Figure within the meaning of Rule 144.
Key Figures
Key Terms
Rule 144 regulatory
affiliate regulatory
Private Placement financial
Investment Manager financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Does Morgan Creek consider itself an affiliate of Figure Technology Solutions (FIGR)?
AI-generated analysis. How Rhea-AI works. Not financial advice.