---
schema_version: "secwatch.filing_event.v1"
accession: "0001783398-25-000056"
form_type: "8-K"
ticker: "UWMC"
cik: "0001783398"
company_name: "UWM Holdings Corp"
filed_at: "2025-12-17T23:59:59+00:00"
generated_at: "2026-05-16T12:56:20.984461+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# UWMC to acquire Two Harbors (TWO) in $1.3B all-stock deal, 21% premium

## Summary
- UWMC to acquire all TWO common stock at 2.3328 UWMC shares per TWO share, implying $11.94/share value.
- Transaction values TWO at $1.3B equity; represents 21% premium to TWO's 30-day VWAP.
- Combined company to service >$400B UPB (MSR), ranking #8 nationwide; $150M annual synergies expected.
- UWMC public float to increase 93% to ~513M shares (~$2.6B); current shareholders to own 87% pro forma.
- Close expected Q2 2026 subject to TWO stockholder and regulatory approvals.

## SEC filing metadata
- accession: 0001783398-25-000056
- form_type: 8-K
- ticker: UWMC
- cik: 0001783398
- company_name: UWM Holdings Corp
- filed_at: 2025-12-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1783398/000178339825000056/0001783398-25-000056-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1783398/000178339825000056/xbrl-20251217.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001783398-25-000056
- JSON: https://secwatch.observer/filing/0001783398-25-000056.json
- Plain text: https://secwatch.observer/filing/0001783398-25-000056.txt

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