Company: FOACW
Filing Date: 2025-05-23
Form Type: 10-Q/A
Source: 0001828937-25-000042
Chunk: 22

Company: Finance of America Companies Inc.
Filing Date: 2025-05-23
Form: 10-Q/A
Chunk 22
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   |   138,270 |
| Fixed assets and leasehold improvements                        |     |   |     2,400 |
| Right-of-use leased assets                                     |     |   |       491 |
| Other assets                                                   |     |   |     6,270 |
| Total assets acquired                                          |     |   | 5,596,143 |
| Liabilities assumed:                                           |     |   |           |
| HMBS related obligations                                       |     |   | 5,354,372 |
| Operating lease liabilities                                    |     |   |       492 |
| Payables and other liabilities                                 |     |   |    25,906 |
| Total liabilities assumed                                      |     |   | 5,380,770 |
| Net identifiable assets acquired                               |     | $ |   215,373 |

(1) The Seller owns oneshare of FoA Class B Common Stock. Class B Common Stock has no economic rights but entitles each holder of at least one such share (regardless of the number of shares held) to a number of votes that is equal to the aggregate number of Class A LLC Units held by the holder on all matters on which Class A Common Stockholders are entitled to vote. The fair value of the Class B Common Stock was determined to be negligible as there are no economic rights associated with the Class B Common Stock.

(2) Amounts represent the cash portion of the consideration paid to acquire the net assets of AAG/Bloom. Total cash consideration was $ 140.9million.

(3) At the closing of the AAG Transaction, FoA Equity issued 1,969,299Class A LLC Units to the Seller, which hold 1:1 conversion rights for Class A Common Stock of FoA. At the closing date, the fair value of these Class A LLC Units were equal to the Class A Common Stock share price of $ 12.40per share.

(4) The deferred equity consideration is comprised of twoforms of issuable Class A LLC Units; 705,841units with a fair value of $ 8.7million that are equity classified and indemnity holdback units totaling up to 714,226units as of the acquisition date with a fair value of $ 4.4million that are liability classified. The deferred equity consideration that is liability classified is recorded in payables and other liabilities in the Condensed Consolidated Statements of Financial Condition.

The indemnity holdback units to be issued to the Seller are