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    Figure Acquisition Corp. I filed SEC Form 8-K: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

    12/19/22 4:33:42 PM ET
    $FACA
    Consumer Electronics/Appliances
    Industrials
    Get the next $FACA alert in real time by email
    0001839550 false 0001839550 2022-12-19 2022-12-19 0001839550 us-gaap:CommonClassAMember 2022-12-19 2022-12-19 0001839550 FACA:RedeemableWarrantsMember 2022-12-19 2022-12-19 0001839550 FACA:PublicSharesMember 2022-12-19 2022-12-19 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

    FORM 8-K

     

    CURRENT REPORT

    Pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934

     

    Date of Report (Date of earliest event reported): December 19, 2022

     

    FIGURE ACQUISITION CORP. I

    (Exact name of registrant as specified in its charter)

     

    Delaware   001-40081   85-4326385
    (State or other jurisdiction of incorporation)   (Commission File Number)   (I.R.S. Employer Identification No.)

     

    650 California Street, Suite 2700

    San Francisco, California

     

    94108

    (Address of principal executive offices)   (Zip Code)

     

    Registrant’s telephone number, including area code: +1 (628) 210-6937

     

    Not Applicable

    (Former name or former address, if changed since last report)

     

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

     

    ☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

     

    ☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

     

    ☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

     

    ☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

     

    Securities registered pursuant to Section 12(b) of the Act:

     

    Title of each class   Trading Symbol(s)   Name of each exchange on which registered
    Class A common stock, par value $0.01 per share   FACA   The New York Stock Exchange
    Redeemable warrants, each one whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50   FACA.WS   The New York Stock Exchange
    Units, each consisting of one share of Class A common stock and one-fourth of one redeemable warrant   FACA.U   The New York Stock Exchange

     

    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

     

    Emerging growth company ☒

     

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

     

     

     

    Item 3.01Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

     

    On December 19, 2022, the New York Stock Exchange (the “NYSE”) notified the Company, and publicly announced, that the NYSE determined to commence proceedings to delist the Company’s warrants from the NYSE and that trading in the Company’s warrants would be suspended immediately, due to trading price levels pursuant to Section 802.01D of the NYSE Listed Company Manual. As previously announced, the Board of Directors of the Company has elected December 30, 2022 as the date after which the Company will cease all operations (except for the purpose of winding up) and on December 16, 2022 the Company announced that it will redeem all of the remaining shares of its Class A common stock outstanding, effective as of December 30, 2022. As a result, the Company does not intend to appeal the NYSE’s determination.

     

     

     

    SIGNATURE

     

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

     

    Dated: December 19, 2022

     

     

    FIGURE ACQUISITION CORP. I

     

       
      By: /s/ Thomas J. Milani
      Name: Thomas J. Milani
      Title: Chief Financial Officer

     

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