Figure Acquisition Corp. I / Mortgage Bank 2022
Figure Acquisition Corp. I acquired Mortgage Bank on December 9, 2022.
- Target
- Mortgage Bank
- Acquirer
- Figure Acquisition Corp. I
- Announced
- December 9, 2022
- Sub-sector
- Mortgage Tech
Transaction overview
- Figure Acquisition Corp. I announced the acquisition of Mortgage Bank on December 9, 2022.
Strategic rationale
Combine bank's balance sheet and mortgage footprint with Figure's blockchain technology for warehouse lending and digital asset registration.
Deal terms & multiples
Sources
- housingwire.com /articles/figure-acquisition-corp-i-plans-merger-with-mortgage-bank/