11:06 AM EST, 01/17/2025 (MT Newswires) -- FIGS (FIGS) has rejected an unsolicited acquisition proposal from Story3 Capital Partners.

The company's board, along with a special committee of independent directors and advisors, evaluated the proposal and decided to move forward with its current standalone business plan, the company said in a regulatory filing on Thursday.

The decision was communicated to Story3 in a letter, according to the filing.

Shares of FIGS were down more than 3% in recent Friday trading.

Price: 5.92, Change: -0.21, Percent Change: -3.35