FIGS completed the acquisition of OOG.

FIGS, a healthcare apparel brand dedicated to improving the lives of healthcare professionals, completed the acquisition of OOG, a company that provides healthcare professionals with a multidisciplinary education platform driven by AI. Financial terms were not disclosed. “The third quarter included several key investments to support and scale FIGS, highlighted by our incredible Olympics campaign with the Team USA Medical Team and the completed transition of our fulfillment center to a state-of-the-art, highly-automated facility. Our financial performance during the period continued to show positive signs with brand interest and engagement remaining high, newness and innovation resonating, and frequency improving. We also experienced several challenges in the quarter, including the impacts of our footwear inventory and pricing, our promotional timing, and the costs to ramp up our fulfillment center, which we are addressing to further strengthen our performance. Additionally, our focus on a strong balance sheet and cash flow provide ongoing flexibility to invest in our core business, return value to shareholders and find unique ways to disrupt the industry," Trina Spear, FIGS Chief Executive Officer and Co-Founder.