{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-122070","form_type":"8-K","ticker":"TWO","cik":"0001465740","company_name":"TWO HARBORS INVESTMENT CORP.","filed_at":"2025-12-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.460510+00:00","generated_at":"2026-05-16T12:54:31.013036+00:00","sec_items":["1.01","5.02","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Two Harbors to merge with UWM in all-stock deal valued at $1.3B","bullets":["Each TWO common share to receive 2.3328 UWM Class A shares; equity value ~$1.3B.","Preferred shares convert into corresponding UWM preferred series; all-stock consideration.","Transaction requires TWO stockholder approval, HSR clearance, and tax opinion as 'reorganization'.","Termination fee of $25.35M payable by TWO if it accepts a superior proposal or changes recommendation.","TWO Board unanimously recommends; UWM Board also approved; expected close within 12-15 months."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-122070","json":"https://secwatch.observer/filing/0001104659-25-122070.json","markdown":"https://secwatch.observer/filing/0001104659-25-122070.md","text":"https://secwatch.observer/filing/0001104659-25-122070.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1465740/000110465925122070/0001104659-25-122070-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1465740/000110465925122070/tm2533517d3_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T12:54:31.013036+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"}