Company: FOACW
Filing Date: 2025-03-14
Form Type: S-3
Source: 0001628280-25-012874
Chunk: 19

Company: Finance of America Companies Inc.
Filing Date: 2025-03-14
Form: S-3
Chunk 19
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,086,956 shares of Class A Common Stock and (ii) 6,955,056 shares of Class A Common Stock, issuable upon the exchange of 6,955,056 FOA Units, which if LFH elects to redeem, the Company has the option, at the Company’s sole discretion, to exchange for shares of Class A Common Stock, on a one-for-one basis, subject to adjustment. Such FOA Units are not considered as outstanding for the calculation of beneficial ownership except for calculating LFH’s beneficial ownership. Pursuant to the limited liability company agreement of LFH, LFH is managed by a board of managers consisting of Mr. Brian Libman, as the sole manager. LFH is owned, in equal parts, by Libman-Alpha Holdings, LLC (“Alpha”), Libman-Eta Holdings, LLC (“Eta”) and Libman-Kappa Holdings, LLC (“Kappa”). Each of Alpha, Eta and Kappa are owned by Brian L. Libman, Sharon Libman, Libman 2004 Trust (the “04 Trust”) and Libman Family Generational Trust (the “Generational Trust”). The Trustee of each of the 04 Trust and the Generational Trust is Sonia McKinney. For information regarding material relationships and transactions between us and Mr. Brian Libman and related entities, see “Transactions with Related Persons” in our Definitive Proxy Statement on Schedule 14A filed with the SEC on March 28, 2024, which is incorporated herein by reference.

(26) The identity of these selling stockholders is currently unknown to us. The number of shares of Class A Common Stock included in this column reflects the balance of shares of Class A Common Stock that may be received in exchange for Notes, after adjusting for the shares of Class A Common Stock offered by the selling stockholders that are specifically identified above and assumes that the unnamed holders of the Notes do not beneficially own any other shares of our Class A Common Stock.

Description of Material Relationships and Transactions with Selling Stockholders

The Notes were issued, to certain electing holders of FOA Funding’s 7.875% Senior Notes due 2025 (the “2025 Unsecured Notes”) in connection with the closing on October 31, 2024 of an exchange offer and consent solicitation whereby FOA Funding exchanged $342,622,000 of 2025 Unsecured Notes, representing 97.892% of the aggregate principal amount outstanding of the 2025 Unsecured Notes,