Company: FOACW
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001828937-25-000009
Chunk: 287

Company: Finance of America Companies Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 3
Chunk 287
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 (the “BL Investor” and together with the Blackstone Investor, the “Investors”). Pursuant to each such Investor’s respective Stock Purchase Agreement, on the terms and subject to the conditions set forth therein, each of the Investors will purchase 1,086,956 shares of Company Class A Common Stock for an aggregate purchase price of $15.0 million, representing a price per share of Company Class A Common Stock equal to the VWAP per share of Company Class A Common Stock on the New York Stock Exchange over the fifteen consecutive trading days ending on December 6, 2022. On March 31, 2023, in conjunction with the closing of the AAG Transaction, the 2,173,912 shares of Company Class A Common Stock were issued to the Investors for $30.0 million.

164

Finance of America Companies Inc.Notes to Consolidated Financial Statements

28.    Condensed Financial Information of RegistrantFinance of America Companies Inc.(Parent Company Only)Condensed Statements of Financial Condition(in thousands, except share data)December 31, 2024December 31, 2023ASSETSInvestment in subsidiaries$262,137 $238,372 TOTAL ASSETS$262,137 $238,372 LIABILITIES AND EQUITYPayables and other liabilities$6,652 $5,895 TOTAL LIABILITIES6,652 5,895 EQUITYClass A Common Stock, $0.0001 par value; 6,000,000,000 shares authorized; 10,360,299 and 10,059,924 shares issued, respectively, and 9,934,449 and 9,634,074 shares outstanding, respectively1 1 Additional paid-in capital954,469 946,938 Accumulated deficit(698,895)(714,383)Accumulated other comprehensive loss(90)(79)TOTAL EQUITY255,485 232,477 TOTAL LIABILITIES AND EQUITY$262,137 $238,372 Finance of America Companies Inc.(Parent Company Only)Condensed Statements of Operations and Comprehensive Loss(in thousands)For the year ended December 31, 2024For the year ended December 31, 2023OTHER, NET$1,654 $(788)NET INCOME (LOSS) BEFORE INCOME TAXES1,654 (788)Provision (benefit) for income taxes applicable to parent2,