secwatch.observer — SEC 8-K summary
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Issuer:     Finance of America Companies Inc. (FOA)
CIK:        0001828937
Form:       8-K
Filed at:   2023-02-21T23:59:59+00:00
Accession:  0001193125-23-042835
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Finance of America sells commercial lending operational assets to Roc360 for up to $30M earnout
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- Sale of FACO operational assets to Roc360 for earnout up to $30M over three years.
- Transaction expected to close in Q1 2023; subject to conditions; can be terminated by June 1, 2023 if not closed.
- FACO's financial assets (loans and securitization assets) not included; will be sold or liquidated separately.
- After closing, FOA will no longer have a reportable Commercial Originations segment; FAM exits business purpose lending.
- Credit Suisse acted as financial advisor to FOA.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828937/000119312523042835/0001193125-23-042835-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828937/000119312523042835/d452338d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-042835

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