---
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"
generated_at: "2026-10-12T16:40:03.088129+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# UWM launches $400M rights offering; subscription floor $2.00 vs $1.26 close, rights may not trade on NYSE

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-065069
- JSON: https://secwatch.observer/filing/0001628280-26-065069.json
- Plain text: https://secwatch.observer/filing/0001628280-26-065069.txt

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