ADDED
As of March 11, 2026, 8,551,931 shares of the registrant s Class A Common Stock, par value $0.0001, and 12 shares of the registrant s Class B Common Stock, par value $0.0001, were outstanding.
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 166 Item 13.
FOA was incorporated in Delaware on October 9, 2020 and became a publicly-traded company on the New York Stock Exchange (the NYSE ) in April 2021, with trading beginning on April 5, 2021.
On August 15, 2025, FOA s Class A Common Stock also began trading on NYSE Texas, Inc.
FOA continues to maintain its primary listing on the NYSE and trades under the same FOA ticker symbol on both exchanges.
We are principally focused on offering reverse mortgage loan products and certain traditional home equity loan products throughout the U.S.
home equity-based lending market opportunity is strong and that home equity-based financing solutions are a key component in addressing an existing underserved market of seniors in the U.S.
census data, from 2024 through 2026, 11,400 people per day in the U.S.
While the number of Americans at retirement age is increasing, Americans are often not financially prepared for retirement, with the aggregate retirement savings shortfall estimated to be $4 trillion, according to a recent estimate from Athene.
Further, according to data recently published by Vanguard, roughly 60% of Americans are not on track to meet their retirement spending needs.
REMOVED
As of March 11, 2025, there were 10,711,674 shares of the registrant s Class A Common Stock issued and outstanding, and 14 shares of the registrant s Class B Common Stock.
Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters 172 Item 13.
FOA was incorporated in Delaware on October 9, 2020 and became a publicly-traded company on the NYSE in April 2021, with trading beginning on April 5, 2021 under the ticker symbol FOA.
5 Through the end of the third fiscal quarter of 2022, the Company was principally focused on offering (1) a wide array of loan products throughout the United States of America (the U.S.
), including reverse mortgage loans, traditional mortgage loans, business purpose loans to residential real estate investors, and home improvement loans, and (2) complementary lender services, such as title insurance and settlement services, to mortgage businesses.
However, as described under Organizational Transformation below, during the fourth quarter of 2022 and calendar year 2023, the Company exited multiple business lines, including its traditional mortgage lending segment, its commercial lending segment, its home improvement lending business, and its lender services businesses, and shifted its focus to developing a streamlined retirement solutions business.
In 2024, the Company focused on unifying and enhancing its streamlined retirement solutions business and solidifying its position as a leading provider of home equity-based financing solutions for a modern retirement.
Our strategy and long-term growth initiatives are built upon a few key fundamental factors: We are focused on growing our core retirement solutions business, which benefits from demographic and economic tailwinds.
Our consumer-facing business leaders interface directly with the investor-facing professionals in our Portfolio Management segment, facilitating the development of attractive lending solutions for our customers with the confidence that the loans we generate can be efficiently and profitably sold to a deep pool of investors, either directly via whole-loan sales or indirectly via the issuance and sale of mortgage-backed securities.
We seek to programmatically and profitably monetize our loans, which minimizes capital at risk, while often retaining a future performance-based participation interest in the underlying cash flows of our monetized loans.