CMB Stock News Of The Day 📰🗞️🗞️📈📉

“Figure Technology Rallies as Demand Grows for Blockchain-Native Share Offering”🚨🚨🚨

Shares of Figure Technology Solutions (FIGR) climbed in early trading after the company upsized its secondary offering of “blockchain-native” shares, signaling strong investor appetite for its innovative equity structure. The stock recently traded at $37.42, up 1.37%, as momentum builds around the offering.

The newly priced shares are set at $32 — about a 13% discount to Tuesday’s closing price and below any closing level since the company’s IPO week in September. Importantly, this is not a dilutive raise. Existing shareholders are selling their common stock at $32, while buyers receive blockchain-native shares at a discounted rate.

These blockchain-native shares are designed to operate within Figure’s Provenance Blockchain ecosystem, allowing holders to potentially lend the securities for yield, borrow against them, or convert them into common stock. The structure aims to increase on-chain activity while offering investors additional flexibility and utility compared to traditional equity.

The secondary offering was first announced on February 13 alongside the release of the company’s preliminary Q4 results, and the upsizing reflects growing confidence in Figure’s blockchain-driven capital markets model.