On June 10, Figure Technology Solutions rose 6.01% in regular trading, trading at $29.87/share, with trading volume of $25.84 million. The stock reversed earlier premarket weakness as investors digested the strategic implications of a major acquisition announcement.

On the news front, Figure Technology Solutions announced it has signed an agreement to acquire Kiavi, an AI-powered lending platform for residential real estate investors, for a total transaction purchase price of $717 million. Under the deal, a joint venture between Figure and Sixth Street will acquire Kiavi's balance sheet assets. The company highlighted that the purchase adds over $7 billion in new annual first-lien volume to the Figure Connect marketplace and over $100 million monthly to its Democratized Prime marketplace, significantly expanding the company's blockchain-based financial solutions ecosystem.

Figure Technology Solutions offers a technology-enabled loan origination system paired with a distribution marketplace, Figure Connect, providing access to a deep and broad pool of capital markets partners.

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