secwatch.observer — SEC 8-K summary
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Issuer:     Rocket Companies, Inc. (RKT)
CIK:        0001805284
Form:       8-K
Filed at:   2025-03-31T23:59:59+00:00
Accession:  0000950142-25-000894
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rocket acquires Mr. Cooper for $9.4B in all-stock deal; synergies ~$500M
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- Rocket issues 11.0 shares of its Class A common stock per Mr. Cooper share; Mr. Cooper pays $2.00 special dividend pre-close.
- Combined company to service ~$2.1 trillion in loan volume, serving ~10 million clients (one in six U.S. mortgages).
- Expected annual run-rate revenue and cost synergies of ~$500 million from integrating origination and servicing platforms.
- Transaction expected to close by year-end 2025, subject to regulatory approvals and Mr. Cooper shareholder vote; termination fees: $306.9M (Mr. Cooper) or $500M (Rocket).
- Rocket secured a $4.95B bridge loan from JPMorgan to refinance Mr. Cooper's debt; Rock Holdings approved stock issuance, no further Rocket shareholder vote needed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1805284/000095014225000894/0000950142-25-000894-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1805284/000095014225000894/eh250610319_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-25-000894

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