secwatch.observer — SEC 8-K summary
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Issuer:     UWM Holdings Corp (UWMC)
CIK:        0001783398
Form:       8-K
Filed at:   2026-05-01T23:59:59+00:00
Accession:  0001783398-26-000034
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1783398/000178339826000034/0001783398-26-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1783398/000178339826000034/xbrl-20260430.htm
  HTML page:      https://secwatch.observer/filing/0001783398-26-000034

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