# EDGAR Filing Document

**Accession Number:** 0002064124
**File Stem:** 0001628280-25-041838
**Filing Date:** 2025-9
**Character Count:** 6242
**Document Hash:** 120e4406d581429df12fdcaf22465946
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001628280-25-041838.hdr.sgml**: 20260508

**ACCESSION NUMBER**: 0001628280-25-041838

**CONFORMED SUBMISSION TYPE**: CORRESP

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20250910

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Figure Technology Solutions, Inc.
- **CENTRAL INDEX KEY:** 0002064124
- **STANDARD INDUSTRIAL CLASSIFICATION:** LOAN BROKERS [6163]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** CORRESP

**BUSINESS ADDRESS:**
- **STREET 1:** 100 WEST LIBERTY ST.
- **STREET 2:** SUITE 600
- **CITY:** RENO
- **STATE:** NV
- **ZIP:** 10018
- **BUSINESS PHONE:** (917) 789-8049

**MAIL ADDRESS:**
- **STREET 1:** 100 WEST LIBERTY ST.
- **STREET 2:** SUITE 600
- **CITY:** RENO
- **STATE:** NV
- **ZIP:** 10018

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FT Intermediate, Inc.
- **DATE OF NAME CHANGE:** 20250408

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| | | |
|:---|:---|:---|
| | 1271 Avenue of the Americas | 1271 Avenue of the Americas |
| | New York, New York 10020-1401 | New York, New York 10020-1401 |
| | Tel: +1.212.906.1200 Fax: +1.212.751.4864 | Tel: +1.212.906.1200 Fax: +1.212.751.4864 |
| | www.lw.com | www.lw.com |
| ![lathamlogo1.jpg](lathamlogo1.jpg) |  |  |
| ![lathamlogo1.jpg](lathamlogo1.jpg) | FIRM / AFFILIATE OFFICES | FIRM / AFFILIATE OFFICES |
| ![lathamlogo1.jpg](lathamlogo1.jpg) | Austin | Milan |
| ![lathamlogo1.jpg](lathamlogo1.jpg) | Beijing | Munich |
|  | Boston | New York |
|  | Brussels | Orange County |
|  | Century City | Paris |
| September 10, 2025 | Chicago | Riyadh |
| September 10, 2025 | Dubai | San Diego |
|  | Düsseldorf | San Francisco |
|  | Frankfurt | Seoul |
| ***<u>VIA EDGAR</u>*** | Hamburg | Silicon Valley |
| ***<u>VIA EDGAR</u>*** | Hong Kong | Singapore |
| Division of Corporation Finance <br>Office of Finance<br>United States Securities and Exchange Commission<br>100 F Street, N.E.<br>Washington, D.C. 20549 | Houston | Tel Aviv |
| Division of Corporation Finance <br>Office of Finance<br>United States Securities and Exchange Commission<br>100 F Street, N.E.<br>Washington, D.C. 20549 | London | Tokyo |
| Division of Corporation Finance <br>Office of Finance<br>United States Securities and Exchange Commission<br>100 F Street, N.E.<br>Washington, D.C. 20549 | Los Angeles | Washington, D.C. |
| Division of Corporation Finance <br>Office of Finance<br>United States Securities and Exchange Commission<br>100 F Street, N.E.<br>Washington, D.C. 20549 | Madrid |  |
| Division of Corporation Finance <br>Office of Finance<br>United States Securities and Exchange Commission<br>100 F Street, N.E.<br>Washington, D.C. 20549 |  |  |
| Division of Corporation Finance <br>Office of Finance<br>United States Securities and Exchange Commission<br>100 F Street, N.E.<br>Washington, D.C. 20549 |  |  |
| Attention: Ben Phippen, Cara Lubit, Madeleine Joy Mateo, James Lopez | Attention: Ben Phippen, Cara Lubit, Madeleine Joy Mateo, James Lopez | Attention: Ben Phippen, Cara Lubit, Madeleine Joy Mateo, James Lopez |

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| | |
|:---|:---|
| **Re:** | **Figure Technology Solutions, Inc.** |
| | **Amendment No. 4 to Registration Statement on Form S-1** |
| | **Filed September 9, 2025** |
| | **File No. 333-289695** |

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**Ladies and Gentlemen:**

Figure Technology Solutions, Inc., a Nevada corporation (the "*Company*"), has filed with the U.S. Securities and Exchange Commission (the "*Commission*") on the date hereof an amendment ("*Amendment No. 5*") to the Registration Statement on Form S-1 (the "*Registration Statement*"). The Company previously filed the Registration Statement on August 18, 2025, as most recently amended by Amendment No. 4 to the Registration Statement filed on September 9, 2025. The Registration Statement has been revised to address the comments received from the staff of the Commission (the "*Staff*") on the Registration Statement, by letter dated September 9, 2025, and to reflect certain other changes. The bold and numbered paragraphs below correspond to the numbered paragraphs in the Staff's letter and are followed by the Company's responses. Page references in the text of this letter correspond to the pages of Amendment No. 5. Unless otherwise indicated, capitalized terms used herein have the meanings assigned to them in Amendment No. 5. The responses and information described below are based upon information provided to us by the Company.

<u>Figure Connect</u>, page 193

1.**We note your response to prior comment 3, as well as your disclosure that the Guarantor Vehicle has a minimum monthly loan commitment and the return on equity target is, at the current market, approximately 16%. With a view towards clarifying the impact of features that limit how much liquidity is provided by the Guarantor Vehicle,**

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**September 10, 2025**<br>**Page 1**<br>

![lathamlogo.jpg](lathamlogo.jpg)

**such as the minimum monthly loan commitment and return on equity target, please disclose the minimum monthly loan commitment and the approximate percentage of current HELOCs that would be excluded from purchase by the Guarantor Vehicle based on the current return on equity target.**

<u>Response</u>: The Company respectfully acknowledges the Staff's comment and has revised the disclosure on page 194.

We hope that the foregoing has been responsive to the Staff's comments and look forward to resolving any outstanding issues as quickly as possible. Please do not hesitate to contact me at 1.212.906.1281 with any questions or further comments you may have regarding this filing or if you wish to discuss the above.

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| |
|:---|
| Sincerely, |
| /s/ Marc D. Jaffe |
| Marc D. Jaffe |
| of LATHAM & WATKINS LLP |

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Enclosures

cc: (via e-mail)

Michael Tannenbaum, Chief Executive Officer, Figure Technology Solutions, Inc.

Macrina Kgil, Chief Financial Officer, Figure Technology Solutions, Inc.

Ronald Chillemi, Chief Legal Officer and Corporate Secretary, Figure Technology Solutions, Inc.

Ian D. Schuman, Latham & Watkins LLP

Adam J. Gelardi, Latham & Watkins LLP

Byron B. Rooney, Davis Polk & Wardwell LLP

Derek Dostal, Davis Polk & Wardwell LLP

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