secwatch.observer — SEC 8-K summary
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Issuer:     Ready Capital Corp (RC)
CIK:        0001527590
Form:       8-K
Filed at:   2023-05-30T23:59:59+00:00
Accession:  0001104659-23-066063
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ready Capital shareholders approve stock issuance for Broadmark merger; closing expected May 31
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- Stockholders approved issuance of RC common for merger with Broadmark; 57.8M votes for, 1.97M against, 589k abstain.
- Each Broadmark share will convert into 0.47233 shares of RC common, with cash for fractional shares.
- Merger expected to close on May 31, 2023, subject to customary conditions; Broadmark stockholders also approved.
- 61.2M shares represented at special meeting, constituting a quorum (111.7M outstanding).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527590/000110465923066063/0001104659-23-066063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527590/000110465923066063/tm2317241d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-066063

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