Ready Capital discloses litigation and supplemental proxy disclosures for Broadmark merger

Ready Capital Corp

Six lawsuits filed by Broadmark stockholders allege violations of Exchange Act Sections 14(a) and 20(a); one Ready Capital stockholder suit dismissed.
Company voluntarily added disclosure details on J.P. Morgan and Wells Fargo valuation assumptions (e.g., discount rates, terminal multiples, synergy estimates).
No changes to merger consideration (0.6011x shares of RC common stock) or meeting date; special meeting still set for May 30, 2023.
Board reaffirms unanimous recommendation to vote FOR the merger proposals.
Cost synergy present value estimated at $0.68–$1.06 per Broadmark share by Wells Fargo.

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