FIGS, Inc. (FIGS) · slide 34

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CEO quote contradiction slide · 80%

callout/primary: Spruce Point highlights that FIGS materially expanded its Risk Factor language around its market opportunity in the recent 10-K. Of notable concern, FIGS now warns it has “not independently verified” any

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fraud-exposure 90%

Highlighting material changes in risk disclosures to suggest misleading market opportunity claims.

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