An unknown buyer signed a non-binding letter of intent to acquire Figure Acquisition Corp. I.

An unknown buyer signed a non-binding letter of intent to acquire Figure Acquisition Corp. I (NYSE:FACA) on December 9, 2022. Completion of the Proposed Transaction is subject to, among other matters, the completion of due diligence, the negotiation of a definitive merger agreement and satisfaction of the conditions negotiated therein, including the approval of the transaction by our stockholders of Figure Acquisition Corp.

I. As of December 16, 2022, stockholders of FACA approved to amend by which FACA must cease all operations except for the purpose of winding up if it fails to complete a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination (a “Business Combination”) from February 23, 2023 to August 23, 2023. Continental Stock Transfer & Trust Company acted as transfer agent and D.F. King & Co., Inc. acted as proxy solicitor for Figure Acquisition Corp. I.