---
schema_version: "secwatch.filing_event.v1"
accession: "0001783398-26-000034"
form_type: "8-K"
ticker: "UWMC"
cik: "0001783398"
company_name: "UWM Holdings Corp"
filed_at: "2026-05-01T23:59:59+00:00"
generated_at: "2026-05-15T00:21:07.788100+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# UWMC revises offer for Two Harbors to $12/share cash or 2.3328 UWMC shares

## Summary
- Revised offer: $12.00 cash per share (vs. $11.30 from CrossCountry) or 2.3328 UWMC Class A shares per TWO share, no cap on cash.
- Committed $1.3 billion unsecured bridge facility from Mizuho Bank, Ltd. with no ratings trigger or market contingency.
- UWMC urges TWO stockholders to reject CrossCountry deal and direct board to negotiate; notes CrossCountry's financing may rely on MSR-backed borrowing base.
- Two Harbors board increased termination fee to $50M without engaging UWMC, which UWMC calls entrenchment.
- UWMC states its Q1 2026 results exceeded expectations and intrinsic value of UWMC has improved.

## SEC filing metadata
- accession: 0001783398-26-000034
- form_type: 8-K
- ticker: UWMC
- cik: 0001783398
- company_name: UWM Holdings Corp
- filed_at: 2026-05-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1783398/000178339826000034/0001783398-26-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1783398/000178339826000034/xbrl-20260430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001783398-26-000034
- JSON: https://secwatch.observer/filing/0001783398-26-000034.json
- Plain text: https://secwatch.observer/filing/0001783398-26-000034.txt

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