secwatch.observer — SEC 8-K summary
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Issuer:     Lument Finance Trust, Inc. (LFT)
CIK:        0001547546
Form:       8-K
Filed at:   2022-01-10T23:59:59+00:00
Accession:  0001104659-22-002375
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lument Finance Trust announces transferable rights offering for up to 37.4M shares at 92.5% of VWAP
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- Record date Jan 18; 1.5 rights per share; each right buys one share at 92.5% of 5-day VWAP ending Feb 11, floor $3.06.
- Affiliate OREC Investment Holdings intends to oversubscribe up to $40M; Hunt Companies and directors also plan to oversubscribe.
- Rights expected to trade on NYSE under 'LFTRT' from Jan 19 to Feb 10; subscription period ends Feb 11.
- Proceeds to be used for new investments in target assets and general corporate purposes.
- Wells Fargo Securities and JMP Securities act as dealer managers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1547546/000110465922002375/0001104659-22-002375-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1547546/000110465922002375/tm222331d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-002375

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