---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-023522"
form_type: "8-K"
ticker: "RC"
cik: "0001527590"
company_name: "Ready Capital Corp"
filed_at: "2025-03-13T23:59:59+00:00"
generated_at: "2026-05-24T21:12:02.273761+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-023522
- form_type: 8-K
- ticker: RC
- cik: 0001527590
- company_name: Ready Capital Corp
- filed_at: 2025-03-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1527590/000110465925023522/0001104659-25-023522-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527590/000110465925023522/tm258892d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-023522
- JSON: https://secwatch.observer/filing/0001104659-25-023522.json
- Plain text: https://secwatch.observer/filing/0001104659-25-023522.txt

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