Figure wants to merge with warehouse mortgage lender

The proposed transaction is subject to stockholders’ approval, with no assurance when the agreement will be finalized.

“I would also like to remind our stockholders that the company is seeking stockholder approval of an extension of time to complete our initial business combination, from February 23, 2023, to August 23, 2023,” Cagney said. “We believe the extension will provide us with the required time to complete the Proposed Transaction. If you are a stockholder of record as of November 14, 2022, the record date for the stockholder meeting, I strongly recommend that you vote in favor of the extension.”