Figure Acquisition Corp. I Announces Intention of Business Combination With A Warehouse Lender

 Figure Acquisition Corp. I ("FACA" or the "Company") (NYSE:FACA), a publicly traded special purpose acquisition company, is in discussions with a large warehouse lender and bank holding company with nationwide residential mortgage lending and servicing operations (the "Bank") regarding a potential merger (the "Proposed Transaction"). The Company and the Bank have signed a non-binding letter of intent with respect to the Proposed Transaction.