{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-124339","form_type":"8-K","ticker":"RC","cik":"0001527590","company_name":"Ready Capital Corp","filed_at":"2024-12-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:08.693548+00:00","generated_at":"2026-05-29T11:19:41.750682+00:00","sec_items":["7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Ready Capital to acquire UDF IV for up to $5.89/share in cash, stock, CVRs","bullets":["Total consideration up to $5.89/UDF share: pre-closing cash up to $2.44/sh, stock at closing $3.07/sh, CVRs ~$0.38/sh.","Ready Capital to issue ~12.8M shares valued at ~$94M; UDF IV holders to own ~7% of combined company.","Transaction expected to close H1 2025, approved by both boards; accretive to RC earnings and book value in 2025.","Pro forma equity capital base >$2.2B; combined company to continue under RC name, traded on NYSE.","UDF IV allowed to distribute up to $75M cash ($2.44/sh) to shareholders prior to closing."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-124339","json":"https://secwatch.observer/filing/0001104659-24-124339.json","markdown":"https://secwatch.observer/filing/0001104659-24-124339.md","text":"https://secwatch.observer/filing/0001104659-24-124339.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1527590/000110465924124339/0001104659-24-124339-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1527590/000110465924124339/tm2429856d3_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T11:19:41.750682+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}