Company: FOACW
Filing Date: 2025-05-23
Form Type: 10-Q/A
Source: 0001828937-25-000042
Chunk: 51

Company: Finance of America Companies Inc.
Filing Date: 2025-05-23
Form: 10-Q/A
Chunk 51
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Units that are equity classified and indemnity holdback units totaling up to 714,226Units that are liability classified. In accordance with ASC 260, Earnings Per Share, these units are not included in the diluted weighted average shares outstanding of Class A Common Stock for the three and six months ended June 30, 2024 and 2023.

21. Subsequent Events

The Company has evaluated subsequent events from the date of the condensed consolidated financial statements of June 30, 2024 through August 9, 2024, the date these condensed consolidated financial statements were issued. No events or transactions were identified that would have an impact on the financial position as of June 30, 2024 or results of operations of the Company for the three and six months ended June 30, 2024, except as follows:

Reverse Stock Split

On July 25, 2024, the Company amended its Amended and Restated Certificate of Incorporation to effect a 1-for-10 Reverse Stock Split of its shares of Class A Common Stock. FoA Equity completed a corresponding 1-for-10 reverse split of its Class A LLC Units to maintain the 1-for-1 parity of its Class A LLC Units with the Company’s adjusted number of Class A Common Stock shares. All references in this Quarterly Report on Form 10-Q to numbers of Class A Common Stock shares, weighted average shares outstanding, loss per share, FoA Class A Common Stock share price, and Class A LLC Units have been adjusted to reflect the Reverse Stock Split on a retroactive basis. Refer to Note 2 - Summary of Significant Accounting Policies for additional information.

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## Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
The following discussion of our financial condition and results of operations should be read together with our condensed consolidated financial statements and related notes. This discussion and analysis contains forward-looking statements that involve risk, uncertainties, and assumptions. Our actual results could differ materially from those anticipated in the forward-looking statements as a result of many factors. Except where the context otherwise requires, the terms “Finance of America,” “FoA,” the “Company,” “we,” “us,” or “our” refer to the business of Finance of America Companies Inc. and its consolidated subsidiaries. References to “FoA Equity” are to Finance of America Equity Capital LLC, a Delaware limited liability company, that the Company controls in an “UP-C” structure.

### Restatement of Previously Issued Financial Statements