{"schema_version":"secwatch.filing_event.v1","accession":"0001411342-23-000038","form_type":"8-K","ticker":"EFC","cik":"0001411342","company_name":"Ellington Financial Inc.","filed_at":"2023-02-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.821120+00:00","generated_at":"2026-06-19T23:58:42.489909+00:00","sec_items":["1.01","3.03","5.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Ellington Financial prices 4M shares of 8.625% Series C Preferred Stock at $25/share","bullets":["Underwriting agreement with Piper Sandler for 4M shares; greenshoe option for 600k additional shares.","Series C Preferred liquidation preference $25/share; cumulative dividend 8.625% until Apr 2028, then 5yr Treasury +5.13%.","Net proceeds contributed to operating partnership for equivalent Series C Preferred Units; closing expected Feb 6, 2023.","Certificate of Designations filed with Delaware establishing terms; no redemption before Apr 2028 except for REIT qualification."],"urls":{"canonical":"https://secwatch.observer/filing/0001411342-23-000038","json":"https://secwatch.observer/filing/0001411342-23-000038.json","markdown":"https://secwatch.observer/filing/0001411342-23-000038.md","text":"https://secwatch.observer/filing/0001411342-23-000038.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1411342/000141134223000038/0001411342-23-000038-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1411342/000141134223000038/efc-20230202.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T23:58:42.489909+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":[{"claim_id":"d8db4083efeada9fc776d3242fc184a76a45e670","claim":"Ellington Financial Inc.: Filed Certificate of Designations establishing terms of 8.625% Series C Fixed-Rate Reset Cumulative Redeemable Preferred Stock, effective February 3, 2023 (effective 2023-02-03).","evidence_excerpt":"On February 3, 2023, the Company filed a Certificate of Designations (the “Certificate of Designations”) with the Secretary of State of the State of Delaware to designate 4,600,000 shares of the Company’s authorized preferred stock as shares of 8.625% Series C Fixed-Rate Reset Cumulative Redeemable Preferred Stock, par value $0.001 per share, with a liquidation preference of $25.00 per share (“Series C Preferred Stock”), with the designations, powers, rights, preferences, qualifications, limitations and restrictions as set forth in the Certificate of Designations. The Certificate of Designations became effective upon filing on February 3, 2023.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1411342/000141134223000038/0001411342-23-000038-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-02-03"}],"fact_type":"governance_change"},{"claim_id":"a01410ee1ad40f4908dad1167e979247af1b037c","claim":"Ellington Financial Inc. entered into Underwriting Agreement with Piper Sandler & Co. (effective 2023-02-02).","evidence_excerpt":"On February 2, 2023, Ellington Financial Inc. (the “Company”) and Ellington Financial Management LLC (the “Manager”) entered into an underwriting agreement (the “Underwriting Agreement”) with Piper Sandler & Co., as representative of the several underwriters named therein (the “Underwriters”), relating to the offer and sale of 4,000,000 shares of Series C Preferred Stock (as defined below).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1411342/000141134223000038/0001411342-23-000038-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"underwriting"},{"label":"Counterparty","value":"Piper Sandler & Co."},{"label":"Effective","value":"2023-02-02"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}