Figure Tech Solutions to acquire Kiavi for $532.4M cash; secures $600M bridge financing

On June 10, 2026, Figure Technology Solutions, Inc., a Nevada corporation (the " Company "), entered into an Agreement and Plan of Merger (the " Merger Agreement "), by and among the Company, Project Mason Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of the Company (" Merger Sub "), Kiavi, Inc., a Delaware corporation (" Kiavi "), and Fortis Advisors LLC, in its capacity as the lawful and exclusive representative, agent, proxy, and attorney-in-fact (with full power of substitution) for and on behalf of the securityholders of Kiavi, pursuant to which, subject to the terms and conditions set forth therein, Merger Sub will merge with and into Kiavi (the " Merger "), with Kiavi surviving such Merger as a wholly owned subsidiary of the Company.

In connection with, and concurrently with the entry into the Merger Agreement, the Company entered into a commitment letter with Bank of America, N.A., BofA Securities, Inc. and Barclays Bank PLC, pursuant to which Bank of America, N.A. and Barclays Bank PLC have committed, subject to the satisfaction of customary conditions, to provide the Company with a 364-day bridge loan facility in an amount not to exceed $600 million (the " Facility "), a copy of which is attached hereto as Exhibit 10.1.