Blockchain lending company Figure plans a second issuance of blockchain-native common stock
Foresight News reported that blockchain lending company Figure Technology Solutions, Inc. (Nasdaq: FIGR) has announced the launch of a proposed secondary public offering, planning to issue up to 4,230,000 shares of Series A blockchain common stock. Under the joint underwriting of a certain exchange, Figure intends to use cash on hand to repurchase its Series A common stock from the underwriters for a total amount of up to $30 million. According to Bitget market data, FIGR briefly surpassed $35 and is now trading at $34.94, up 3.56% within one hour.
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