{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-065069","form_type":"8-K","ticker":"UWMC","cik":"0001783398","company_name":"UWM Holdings Corp","filed_at":"2026-10-05T21:20:28+00:00","discovered_at":"2026-10-05T21:22:00.319336+00:00","generated_at":"2026-10-12T16:40:03.088129+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"UWM launches $400M rights offering; subscription floor $2.00 vs $1.26 close, rights may not trade on NYSE","bullets":["Rights offering offers up to 200,000,000 Class A shares to raise up to $400 million; one right per share held Oct. 2; expires 5:00 p.m. ET Nov. 12, 2026.","Each right buys 0.57 Class A shares at the greater of $2.00 or 85% of 10-day VWAP ending three trading days before expiration.","UWM closed at $1.26 on the record date; if the stock stays below the $2.00 minimum, the rights will not be eligible to trade on the NYSE.","Backstop: if subscriptions don't reach $400M, Oaktree may and CEO Mat Ishbia's SFS Group must buy the unfunded amount, via Class A at subscription price or preferred plus warrants.","Backstop purchasers may buy junior perpetual non-convertible preferred plus warrants equal to 20% of the preferred's initial liquidation preference."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-065069","json":"https://secwatch.observer/filing/0001628280-26-065069.json","markdown":"https://secwatch.observer/filing/0001628280-26-065069.md","text":"https://secwatch.observer/filing/0001628280-26-065069.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1783398/000162828026065069/0001628280-26-065069-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1783398/000162828026065069/xbrl-20261005.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T16:40:03.088129+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"}