secwatch.observer — SEC 8-K summary
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Issuer:     Lument Finance Trust, Inc. (LFT)
CIK:        0001547546
Form:       8-K
Filed at:   2022-01-19T23:59:59+00:00
Accession:  0001104659-22-005100
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lument Finance Trust commences rights offering for up to 37.4M common shares at a discount
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- Record date stockholders receive 1.5 rights per share held; rights listed as LFTRT on NYSE.
- Subscription price set at 92.5% of 5-day VWAP, floor of $3.06 (70% of Sept 2021 book value).
- Affiliate of manager intends to invest up to $40M via over-subscription privilege.
- Rights exercisable from Jan 19 to Feb 11, 2022; estimated price $3.58 per share.
- Company expects offering to provide growth capital, improve operating scale and expense efficiencies.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1547546/000110465922005100/0001104659-22-005100-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1547546/000110465922005100/tm223123d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-005100

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