{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-077395","form_type":"8-K","ticker":"EFC","cik":"0001411342","company_name":"Ellington Financial Inc.","filed_at":"2023-07-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.831403+00:00","generated_at":"2026-06-13T13:10:43.152072+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Ellington Financial to acquire Great Ajax in stock-for-stock merger; exchange ratio 0.5308","bullets":["Each share of Great Ajax common stock to be converted into 0.5308 shares of Ellington Financial common stock.","Transaction expected to close by year-end 2023, subject to Great Ajax stockholder approval and regulatory conditions.","Great Ajax to redeem its Series A and Series B preferred stock prior to closing; termination fee of $6.867M if deal falls through.","The combined company expected to increase scale, enhance securitization access, and drive earnings accretion.","EFC's board unanimously approved; Great Ajax board recommends stockholder approval."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-077395","json":"https://secwatch.observer/filing/0001104659-23-077395.json","markdown":"https://secwatch.observer/filing/0001104659-23-077395.md","text":"https://secwatch.observer/filing/0001104659-23-077395.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1411342/000110465923077395/0001104659-23-077395-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1411342/000110465923077395/tm2320414d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T13:10:43.152072+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":"0b47fe56e28b3e58cb4b11d756ebf7807a7b1778","claim":"Ellington Financial Inc. entered into Agreement and Plan of Merger with Great Ajax Corp. (effective 2023-06-30).","evidence_excerpt":"On June 30, 2023, Ellington Financial Inc., a Delaware corporation (“EFC”), EF Acquisition I LLC, a Maryland limited liability company and a direct, wholly-owned subsidiary of EFC (“Merger Sub”), and Great Ajax Corp., a Maryland corporation (“Great Ajax”), 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/1411342/000110465923077395/0001104659-23-077395-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Great Ajax Corp."},{"label":"Effective","value":"2023-06-30"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}