Ready Capital completes acquisition of UDF IV; issues CVRs tied to loan proceeds

Ready Capital Corp

Each UDF IV share converted into 0.416 RC shares and 0.416 CVRs; no fractional shares.
CVRs entitle holders to additional RC shares based on 60% of net proceeds from five UDF IV loans after principal recovery.
Approximately 12.8M RC shares issued, representing ~7% of combined company's outstanding equity.
CEO Thomas Capasse cited scaling the portfolio and unlocking growth as benefits of the merger.

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