secwatch.observer — SEC 8-K summary
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Issuer:     UWM Holdings Corp (UWMC)
CIK:        0001783398
Form:       8-K
Filed at:   2026-08-06T01:57:24+00:00
Accession:  0001783398-26-000114
Event type: other_material
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 2.02, 3.02, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UWM Holdings raises $1.65B via preferred stock and warrants; plans $400M rights offering
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- Issued 1.65M shares of Series A Preferred Stock and 330M warrants for $1.65B gross proceeds.
- Series A-1 Preferred Stock (to Oaktree) has 10% cash dividend rate (13% if not paid in cash) and redemption premium up to 60%.
- Rights offering to raise at least $400M from sale of 200M shares of Class A Common Stock, record date Oct 2, 2026.
- Board increased to 12; Nicholas Basso (Oaktree designee) appointed as director; Dante Quazzo as board observer.
- Warrants exercisable at $6.00 (Class A) and $2.00 (Class B) per share, expiring 2036, subject to anti-dilution adjustments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1783398/000178339826000114/0001783398-26-000114-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1783398/000178339826000114/xbrl-20260805.htm
  HTML page:      https://secwatch.observer/filing/0001783398-26-000114

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