---
schema_version: "secwatch.filing_event.v1"
accession: "0001828937-23-000075"
form_type: "8-K/A"
ticker: "FOA"
cik: "0001828937"
company_name: "Finance of America Companies Inc."
filed_at: "2023-06-14T23:59:59+00:00"
generated_at: "2026-06-14T01:31:59.835907+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# AAG 2022 net loss $98.9M, debt covenant violations; FOA acquisition closed

## Summary
- AAG net loss $98.9M in 2022 vs $8.0M loss in 2021; revenue fell to $360M from $703M.
- AAG total assets $5.22B, liabilities $5.19B, equity $31.5M at Dec 31, 2022.
- AAG was in violation of debt covenants at Dec 31, 2022; auditor included going-concern emphasis.
- FOA acquired substantial majority of AAG assets for $46.6M (stock, note, cash) on March 31, 2023.
- Unaudited pro forma condensed financials filed to reflect the AAG Transaction.

## SEC filing metadata
- accession: 0001828937-23-000075
- form_type: 8-K/A
- ticker: FOA
- cik: 0001828937
- company_name: Finance of America Companies Inc.
- filed_at: 2023-06-14T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828937/000182893723000075/0001828937-23-000075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828937/000182893723000075/foa-20230331.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001828937-23-000075
- JSON: https://secwatch.observer/filing/0001828937-23-000075.json
- Plain text: https://secwatch.observer/filing/0001828937-23-000075.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.