secwatch.observer — SEC 8-K summary
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Issuer:     Lument Finance Trust, Inc. (LFT)
CIK:        0001547546
Form:       8-K
Filed at:   2022-02-25T23:59:59+00:00
Accession:  0001104659-22-027383
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lument Finance Trust closes rights offering raising $83.5M; amends credit agreement leverage covenant
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- Raised $83.5M gross from issuance of 27,277,269 shares at $3.06/share in transferable rights offering.
- Net proceeds to be used to acquire commercial real estate mortgage loans and for general corporate purposes.
- Board waived ownership limits for OREC (manager affiliate) with a 27.4% limit; general limit decreased to 8.75%.
- Fourth amendment to credit agreement modifies maximum total net leverage ratio financial covenant.
- Rights offering expired Feb 11, 2022; shares issued Feb 22, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1547546/000110465922027383/0001104659-22-027383-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1547546/000110465922027383/tm227730d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-027383

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