On July 1, Figure Technology Solutions rose 5.67% in regular trading, trading at $32.955/share, with turnover of $40.318 million. The stock has staged a multi-session recovery after approaching its 52-week low of $25.01 late last week.
The rally extends momentum from the chairman's clarification on the financing structure of the $717 million Kiavi acquisition, which eased market concerns over balance sheet strain. Management stated the company holds sufficient cash for the deal while planning approximately $600 million in unsecured notes to optimize capital structure. Additionally, digital asset infrastructure firm BitGo announced its OCC-regulated subsidiary will provide qualified custody for YLDS, a yield-bearing digital security issued by Figure Certificate Company — the first SEC-registered public fixed-income debt security issued on-chain — further validating Figure's blockchain-based financial ecosystem.
Despite the rebound, shares remain well below the January all-time high of $76.57, having declined over 60% amid broader concerns about integration risk following the Kiavi deal and a February downgrade by BofA to Underperform.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)