secwatch.observer — SEC 8-K summary
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Issuer:     Western Asset Mortgage Capital Corp (—)
CIK:        0001465885
Form:       8-K
Filed at:   2023-12-06T23:59:59+00:00
Accession:  0001628280-23-040888
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.02, 2.01, 3.01, 3.03, 5.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WMC merges into MITT; stockholders receive 1.498 MITT shares + $0.92 cash per share
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- Merger completed Dec 6, 2023; WMC stockholders receive 1.498 MITT shares + $0.92 cash per share.
- WMC directors and executive officers resigned effective at merger close.
- WMC management agreement terminated; Western Asset Management receives $7M termination fee.
- WMC common stock delisted from NYSE; plans to file Form 15 to terminate SEC registration.
- MITT issues ~9.2M shares; former WMC holders own ~31% of combined company.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1465885/000162828023040888/0001628280-23-040888-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1465885/000162828023040888/wmc-20231206.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-040888

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