On June 29, Figure Technology Solutions declined 5.1% in regular trading, trading at $25.55/share with turnover of $12.668 million, approaching its 52-week low of $25.01.

The decline reflects continued market concern over the company's $717 million acquisition of AI-powered real estate lending platform Kiavi, announced on June 10. While the deal adds over $7 billion in annual first-lien volume to the Figure Connect marketplace, the substantial price tag and associated financial burden have persistently weighed on shares. SEC filings also revealed a $25 million termination fee payable to Kiavi if the merger fails to close, underscoring the transaction's scale and commitment.

The stock has now fallen over 60% from its January high of $76.57. Notably, BofA Securities downgraded the stock to Underperform in February and further reduced its price target to $31 in April. A board director sold 216,713 shares in March at prices around $33-$34, adding to bearish sentiment. Despite strong Q1 results showing revenue of $167 million (up 98% year-over-year) and EPS of $0.18, integration risk and valuation concerns from the Kiavi deal continue to dominate investor focus.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)