---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-036301"
form_type: "8-K"
ticker: "RC"
cik: "0001527590"
company_name: "Ready Capital Corp"
filed_at: "2022-03-22T23:59:59+00:00"
generated_at: "2026-06-26T20:54:55.660501+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-22-036301
- form_type: 8-K
- ticker: RC
- cik: 0001527590
- company_name: Ready Capital Corp
- filed_at: 2022-03-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 3.03, 5.02, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1527590/000110465922036301/0001104659-22-036301-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527590/000110465922036301/tm229844d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-036301
- JSON: https://secwatch.observer/filing/0001104659-22-036301.json
- Plain text: https://secwatch.observer/filing/0001104659-22-036301.txt

## Key facts
- Executive change
  Julius W. Erving was appointed as Director at Ready Capital Corp.
  - Action: appointed
  - Role: Director
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1527590/000110465922036301/0001104659-22-036301-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.