{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-026362","form_type":"8-K","ticker":"RC","cik":"0001527590","company_name":"Ready Capital Corp","filed_at":"2023-02-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.393817+00:00","generated_at":"2026-06-18T21:58:37.911210+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Ready Capital to acquire Broadmark Realty Capital in stock-for-stock merger","bullets":["Broadmark shareholders receive 0.47233 shares of RC common per share, cash for fractional shares.","Termination fees: Broadmark pays $15.76M; Ready Capital pays $23.639M under specified conditions.","Closing expected by Aug 26, 2023, subject to stockholder approvals, regulatory, and other conditions.","Ready Capital board to increase by 3 seats; Broadmark will designate those directors.","Broadmark to merge into wholly owned Merger Sub; both are REITs."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-026362","json":"https://secwatch.observer/filing/0001104659-23-026362.json","markdown":"https://secwatch.observer/filing/0001104659-23-026362.md","text":"https://secwatch.observer/filing/0001104659-23-026362.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1527590/000110465923026362/0001104659-23-026362-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1527590/000110465923026362/tm238014d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T21:58:37.911210+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9f8ba2a305abbac69f0581d80c07766216dc6869","claim":"Ready Capital Corp entered into Agreement and Plan of Merger with Broadmark Realty Capital Inc. (effective 2023-02-26).","evidence_excerpt":"On February 26, 2023, Ready Capital Corporation, a Maryland corporation (“Ready Capital”), Broadmark Realty Capital Inc., a Maryland corporation (“Broadmark”), and RCC Merger Sub, LLC, a Delaware limited liability company and a wholly owned subsidiary of Ready Capital (“Merger Sub”), entered into an Agreement and Plan of Merger (the “Merger Agreement”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1527590/000110465923026362/0001104659-23-026362-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Broadmark Realty Capital Inc."},{"label":"Effective","value":"2023-02-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}