secwatch.observer — SEC 8-K summary
======================================

Issuer:     Finance of America Companies Inc. (FOA)
CIK:        0001828937
Form:       8-K
Filed at:   2023-07-06T23:59:59+00:00
Accession:  0001828937-23-000080
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Finance of America completes sale of Incenter title insurance business for ~$92.6M cash
--------------------------------------------------------------------------------

- Sold Agents National Title (ANTIC) and Boston National Holdings (BNT) to Essent US Holdings (Essent Group).
- Cash consideration of ~$92.6M, adjusted from $100M base purchase price per Securities Purchase Agreement.
- Transaction closed on July 1, 2023; CEO stated it supports long-term retirement-focused strategy.
- Pro forma financials filed showing discontinued operations classification for the sold entities.
- Assets of discontinued operations were $151.5M as of March 31, 2023; liabilities $66.3M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828937/000182893723000080/0001828937-23-000080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828937/000182893723000080/foa-20230701.htm
  HTML page:      https://secwatch.observer/filing/0001828937-23-000080

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer