Finance Of America Companies (FOA) Registration Filing summary

Company overview and business model

• Operates as a financial services holding company focused on home equity-based financing solutions for retirement, with capital markets and portfolio management capabilities to optimize loan distribution to investors.

• Incorporated in Delaware in 2020 and publicly listed on NYSE since April 2021, with principal offices in Plano, Texas.

Risk factors and disclosures

• Faces risks related to expanding and originating reverse mortgage loans, managing interest rate changes, and maintaining profitability.

• Exposed to geographic market concentration, technology investment returns, cyber risks, and regulatory compliance challenges.

• Subject to risks from U.S. residential mortgage market conditions, debt obligations, and legal or regulatory proceedings.

• Identified a material weakness in internal control over financial reporting and is working on remediation.

• Controlled company status under NYSE rules exempts it from certain governance requirements.

Use of proceeds and capital allocation

• Will not receive any proceeds from the sale of Series A Preferred Stock or Class A Common Stock; all proceeds go to selling stockholders.

• Company bears registration costs, while selling stockholders pay their own selling expenses.