Company: FOACW
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001828937-25-000033
Chunk: 51

Company: Finance of America Companies Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 1
Chunk 51
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,379 are held by the noncontrolling interest of the Company.

On March 31, 2025, FOA Equity issued 102,611 Class A LLC Units to AAG/Bloom related to the indemnity holdback provision associated with the acquisition of certain assets and liabilities from AAG/Bloom. 

19.    Subsequent EventsOn April 28, 2025, FOA Equity along with BTO Urban Holdings L.L.C. and Libman Family Holdings, LLC, entered into an omnibus amendment (the “Amendment”) to the Working Capital Promissory Notes to extend the maturity date of the Working Capital Promissory Notes from May 25, 2025 to August 1, 2025. The Amendment made no other changes to the previously disclosed terms of the Working Capital Promissory Notes. Refer to Note 16 - Related Party Transactions 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. Unless the context otherwise requires, all references in this section to “we,” “us,” “our,” “FOA,” or the “Company” refer to 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.

Overview

Finance of America Companies Inc. is a financial services holding company which, through its operating subsidiaries, is a leading provider of home equity-based financing solutions for a modern retirement. In addition, FOA offers capital markets and portfolio management capabilities primarily to optimize the distribution of its originated loans to investors.

FOA was incorporated in Delaware on October 9, 2020 and became a publicly-traded company on the New York Stock Exchange in April 2021, with trading beginning on April 5, 2021 under the ticker symbol “FOA.” FOA has a controlling financial interest in FOA Equity. FOA Equity owns all of the outstanding equity interests in Finance of America Funding LLC (“FOAF”). FOAF wholly owns Finance of America Holdings LLC (“FAH”) and Incenter LLC (“Incenter” and collectively, with FO