IPO - Figure Certificate Co

Form Type: S-1/A

Filing Date: 2025-01-24

Corporate Action: Ipo

Type: Update

Accession Number: 000094787125000071

Filing Summary: Figure Certificate Company is filing this amendment to its Registration Statement under the Securities Act of 1933 to offer Figure Certificates, which are unsecured and interest-bearing debt securities backed solely by the assets of the company. The offering includes two types of certificates: Figure Transferable Certificates and Figure Installment Certificates. Both types utilize blockchain technology for transaction processing and are sold at $0.01 per certificate and minimum investments of $1,000 for installment certificates. The interest rate for each certificate type is tied to the overnight Secured Overnight Financing Rate (SOFR), minus 50 basis points, with no minimum rate. The certificates are designed for peer-to-peer and alternative trading system transactions, though they are not listed for trading on national securities exchanges. The filing underscores FCC's position as a smaller reporting and emerging growth company, reflecting its unique structure in the digital asset and blockchain space, while detailing risk factors associated with the investment, including liquidity risks and regulatory uncertainties. This document reflects the preliminary nature of the prospectus, emphasizing that no sales will occur until the registration statement is effective with the SEC.

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