---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-131458"
form_type: "8-K"
ticker: "RC"
cik: "0001527590"
company_name: "Ready Capital Corp"
filed_at: "2024-12-26T23:59:59+00:00"
generated_at: "2026-05-28T23:17:09.260021+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Ready Capital files belated pro forma financials for May 2023 Broadmark merger

## Summary
- Merger consideration: $637.2M in stock (62.2M shares at $10.24/share) on May 31, 2023.
- Bargain purchase gain of $189.7M recognized on net assets acquired with fair value of $826.9M.
- Pro forma net income attributable to Ready Capital for FY2023: $307.6M, or $2.09 basic EPS and $2.06 diluted EPS.
- Pro forma statement assumes merger completed Jan 1, 2023; actual closing was May 31, 2023.
- Former Broadmark stockholders owned ~36% of combined company.

## SEC filing metadata
- accession: 0001104659-24-131458
- form_type: 8-K
- ticker: RC
- cik: 0001527590
- company_name: Ready Capital Corp
- filed_at: 2024-12-26T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1527590/000110465924131458/0001104659-24-131458-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527590/000110465924131458/tm2431241d3_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-131458
- JSON: https://secwatch.observer/filing/0001104659-24-131458.json
- Plain text: https://secwatch.observer/filing/0001104659-24-131458.txt

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