Ready Capital completes Mosaic merger; issues ~30.3M Class B shares, CERs

Ready Capital Corp

Merger with Mosaic entities closed March 16, 2022; combined company retains name and RC ticker.
Issued approx. 30,256,860 shares of Class B common stock and equal number of CERs to former Mosaic holders.
Former Mosaic interest holders now own approximately 26% of Ready Capital's common equity.
Julius W. Erving appointed to the board as Mosaic's designee, filling a newly created seat.
CERs give contingent right to additional shares based on acquired portfolio performance over three years.

item 1.01 item 2.01 item 3.03 item 5.02 item 5.03 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Julius W. Erving

Director

RC · Ready Capital Corp

Effective: 2022-03-16
Filed: March 22, 2022, 7:59 PM ET

the board of directors of Ready Capital (the “Board”) increased the size of the Board by one member and appointed Julius W. Erving to the Board to fill the vacancy on the Board created by such increase

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Julius W. Erving was appointed as Director at Ready Capital Corp.

Action: appointed
Role: Director

Exact text from the filing

the board of directors of Ready Capital (the “Board”) increased the size of the Board by one member and appointed Julius W. Erving to the Board to fill the vacancy on the Board created by such increase

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Ready Capital Corp filing history →

Source: SEC EDGAR

accession 0001104659-22-036301

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