secwatch.observer — SEC 8-K summary
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Issuer:     Ready Capital Corp (RC)
CIK:        0001527590
Form:       8-K
Filed at:   2024-12-26T23:59:59+00:00
Accession:  0001104659-24-131458
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527590/000110465924131458/0001104659-24-131458-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527590/000110465924131458/tm2431241d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-131458

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