Figure Acquisition Corp. I (FACA)
Contact Details
| Address:650 California Street, Suite 2700 San Francisco, CA 94108 United States |
|
| Phone | (628) 210-6937 |
Stock Information
| Ticker Symbol | FACA |
| Exchange | NYSE |
| Reporting Currency | US Dollars |
| IPO Price | $10.00 |
| CIK Code | 1839550 |
| Employer ID | 85-4326385 |
Company Description
Figure Acquisition I is a newly incorporated blank check company incorporated for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
We are sponsored by Fintech Acquisition LLC, which is an affiliate of Figure Technologies, Inc. Figure is a technology company offering financial solutions leveraging blockchain, artificial intelligence, and advanced analytics.
Established in 2018, Figure has raised over $220 million in funding from leading early stage and corporate venture investors. We intend to pursue exceptional opportunities in the financial technology and financial services sector.
In particular, we seek to acquire a business that can benefit from leveraging Figure’s technology platform built on Provenance blockchain. Provenance blockchain is a blockchain with demonstrated value optimizing asset origination, asset financing, asset sales, securitization, investment fund services, banking, and payments.
In the context of securitization, Provenance blockchain supported the first securitization backed by loans originated, serviced, financed, and sold entirely on the blockchain.
The aggregate benefit to all parties of this securitization (e.g., originator, sponsor, servicer, loan buyer) totaled over 100 basis points in reduced costs, representing potential savings of over $30 billion to the $3 trillion annual securitization market.
Key Executives
| Name | Position |
|---|---|
| Michael Cagney | Chairman of the Board of Directors |
| Christopher D. Davies | Chief Executive Officer and Director |
| Asiff Hirji | President |
| Thomas J. Milani | Chief Financial Officer |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| Mar 1, 2021 | 8-K | Current report |
| Feb 24, 2021 | 8-K | Current report |
| Feb 24, 2021 | 4 | Statement of changes in beneficial ownership of securities |
| Feb 24, 2021 | 4 | Statement of changes in beneficial ownership of securities |
| Feb 22, 2021 | 424B4 | Prospectus [Rule 424(b)(4)] |
| Feb 19, 2021 | 3 | Initial statement of beneficial ownership of securities |
| Feb 19, 2021 | 3 | Initial statement of beneficial ownership of securities |
| Feb 19, 2021 | 3 | Initial statement of beneficial ownership of securities |
| Feb 19, 2021 | 3 | Initial statement of beneficial ownership of securities |
| Feb 19, 2021 | 3 | Initial statement of beneficial ownership of securities |
| View All SEC filings | ||