---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-063417"
form_type: "8-K"
ticker: "RC"
cik: "0001527590"
company_name: "Ready Capital Corp"
filed_at: "2023-05-23T23:59:59+00:00"
generated_at: "2026-06-14T17:17:06.179470+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Ready Capital discloses litigation and supplemental proxy disclosures for Broadmark merger

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-063417
- form_type: 8-K
- ticker: RC
- cik: 0001527590
- company_name: Ready Capital Corp
- filed_at: 2023-05-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1527590/000110465923063417/0001104659-23-063417-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527590/000110465923063417/tm2316507d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-063417
- JSON: https://secwatch.observer/filing/0001104659-23-063417.json
- Plain text: https://secwatch.observer/filing/0001104659-23-063417.txt

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