secwatch.observer — SEC 8-K summary
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Issuer:     Angel Oak Mortgage REIT, Inc. (AOMR)
CIK:        0001766478
Form:       8-K
Filed at:   2024-07-18T23:59:59+00:00
Accession:  0001104659-24-080700
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Angel Oak Mortgage REIT preliminary Q2 GAAP EPS ($0.04)-$0.01; repurchase agreement with Xylem for up to $20M
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- Preliminary Q2 GAAP EPS range ($0.04) to $0.01; distributable EPS ($0.12) to ($0.07) per share.
- Book value per share $9.98-$10.49; economic book value $12.90-$13.41 as of June 30, 2024.
- Stock repurchase agreement with Xylem (Davidson Kempner affiliate) to buy $5M-$20M of common stock.
- Repurchase price based on 5-day VWAP less 3.15% discount; conditional on closing of senior notes offering by Aug 15, 2024.
- Aggregate repurchase linked to note sale proceeds: $5M if $25M notes sold, up to $20M if $50M or more sold.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1766478/000110465924080700/0001104659-24-080700-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1766478/000110465924080700/tm2419516d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-080700

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer