Figure plans to raise $600 million to acquire AI real estate lending platform Kiavi

Odaily reports: Figure Technology Solutions, a blockchain financial platform listed on Nasdaq, announced that it will issue senior secured notes to qualified institutional investors to raise $600 million, subject to market conditions. The proceeds from this financing will primarily be used for the cash consideration to acquire Kiavi, as well as for general corporate purposes and related issuance expenses. (Globenewswire)