Finance of America Companies Inc. Files 8-K
Ticker: FOACW · Form: 8-K · Filed: Jul 26, 2024 · CIK: 1828937
| Field | Detail |
|---|---|
| Company | Finance Of America Companies INC. (FOACW) |
| Form Type | 8-K |
| Filed Date | Jul 26, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.0001, $115 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, filing-update
TL;DR
FOA filed an 8-K on 7/25, expect changes to security holder rights & corporate docs.
AI Summary
Finance of America Companies Inc. filed an 8-K on July 25, 2024, reporting material modifications to security holder rights and other events. The filing indicates changes to the company's articles of incorporation or bylaws and includes financial statements and exhibits. Specific details regarding the nature of these modifications or financial events are not elaborated in the provided text.
Why It Matters
This 8-K filing signals potential changes in the rights of Finance of America Companies Inc.'s security holders and updates to corporate governance, which could impact investors.
Risk Assessment
Risk Level: medium — Filings related to modifications of security holder rights and amendments to corporate documents can introduce uncertainty and potential shifts in shareholder value.
Key Players & Entities
- Finance of America Companies Inc. (company) — Registrant
- July 25, 2024 (date) — Date of Report
- Delaware (jurisdiction) — State of Incorporation
- Plano, Texas (location) — Principal Executive Offices
FAQ
What specific material modifications were made to the rights of security holders?
The provided text of the 8-K filing does not specify the exact nature of the material modifications to the rights of security holders.
What are the key changes in the company's articles of incorporation or bylaws?
The filing indicates amendments to the articles of incorporation or bylaws, but the specific details of these changes are not detailed in the provided excerpt.
What is the significance of the 'Other Events' item listed in the filing?
The filing lists 'Other Events' as an item, but the specific nature of these events is not disclosed in the provided text.
When was Finance of America Companies Inc. incorporated, and in which state?
Finance of America Companies Inc. was incorporated in Delaware.
What is the principal business address and phone number for Finance of America Companies Inc.?
The principal executive offices are located at 5830 Granite Parkway, Suite 400, Plano, Texas 75024, and the telephone number is (877) 202-2666.
Filing Stats: 1,531 words · 6 min read · ~5 pages · Grade level 13 · Accepted 2024-07-26 16:16:19
Key Financial Figures
- $0.0001 — stered Class A Common Stock, par value $0.0001 per share FOA New York Stock Exchange
- $115 — ce for the Company's public warrants is $115. Given the parallel adjustment to FoA
Filing Documents
- foa-20240725.htm (8-K) — 38KB
- certificateofamendmenttoce.htm (EX-3.1) — 9KB
- 0001828937-24-000069.txt ( ) — 231KB
- foa-20240725.xsd (EX-101.SCH) — 2KB
- foa-20240725_def.xml (EX-101.DEF) — 19KB
- foa-20240725_lab.xml (EX-101.LAB) — 32KB
- foa-20240725_pre.xml (EX-101.PRE) — 19KB
- foa-20240725_htm.xml (XML) — 3KB
01. Other Events
Item 8.01. Other Events. The Company's Class A Common Stock began trading on a split-adjusted basis on the NYSE under the existing symbol (FOA) when the market opened on July 26, 2024. The new CUSIP number for the Company's Class A Common Stock following the Reverse Stock Split is 31738L 206. Cautionary Note Regarding Forward-Looking Statements This Current Report on Form 8-K contains forward-looking statements within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts or statements of current conditions, but instead represent only the Company's beliefs regarding future events, many of which, by their nature, are inherently uncertain and outside of the Company's control. These statements include, but are not limited to, statements related to the Reverse Stock Split, the trading of the Company's Class A Common Stock on the NYSE and the Company's ongoing business operations. In some cases, you can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "could," "seeks," "projects," "predicts," "intends," "plans," "estimates," "budgets," "forecasts," "anticipates," or the negative version of these words or other comparable words. The Company cautions readers not to place undue reliance upon any forward-looking statements, which are current only as of this Current Report on Form 8-K. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based, except as required by law. All subsequent written and oral forward-looking statements concerning the Company or other matters and attributable to the Company or any person acting on its behalf are express
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Exhibit Description 3.1 Certificate of Amendment to Amended and Restated Certificate of Incorporation of Finance of America Companies Inc. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES 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. Finance of America Companies Inc. Date: July 26, 2024 By: /s/ Matthew A. Engel Name: Matthew A. Engel Title: Chief Financial Officer