Figure Technology launches proposed 4.23M-share secondary

Up to $30M Class A buybacks planned with cash on hand

Published on Feb. 13, 2026

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Figure Technology Solutions, Inc., a blockchain-native capital marketplace, announced the launch of a proposed secondary public offering of up to 4,230,000 shares of its Series A Blockchain Common Stock. Subject to the completion of the proposed offering, Figure intends to repurchase from the underwriters shares of its Class A common stock that are subject to the proposed offering at an aggregate amount of up to $30 million.

Why it matters

The proposed secondary offering and concurrent share buyback program highlight Figure's strategy to optimize its capital structure and provide liquidity to existing shareholders, while also signaling confidence in the company's long-term growth prospects.

The details

The secondary offering will be led by Goldman Sachs & Co. LLC, Morgan Stanley, and Cantor as the lead joint book-running managers and sales agents. Figure plans to use cash on hand to fund the up to $30 million Class A common stock repurchase program.

  • The proposed offering was announced on February 13, 2026.

The players

Figure Technology Solutions, Inc.

A blockchain-native capital marketplace that connects origination, funding, and secondary market activity. The company has originated over $22 billion of home equity financing and operates various products including a consumer credit marketplace and an on-chain lend-borrow marketplace.

Goldman Sachs & Co. LLC

One of the lead joint book-running managers and sales agents for the proposed secondary offering.

Morgan Stanley

One of the lead joint book-running managers and sales agents for the proposed secondary offering.

Cantor

One of the lead joint book-running managers and sales agents for the proposed secondary offering.

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What’s next

The registration statement relating to the securities has been filed with the SEC but has not yet become effective. The securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.

The takeaway

Figure's proposed secondary offering and concurrent share buyback program demonstrate the company's focus on optimizing its capital structure and providing liquidity to existing shareholders, while also signaling confidence in its long-term growth prospects as a leading blockchain-native capital marketplace.