UWM Holdings sets terms for transferable share rights offering of 200 million Class A shares
Bitget2026/09/22 20:01- UWM Holdings set terms for a transferable rights offering for 200 million shares of Class A common stock to existing holders.
- One subscription right per Class A share held on Oct. 2, 2026; distribution expected to start Oct. 5, 2026.
- Rights allow purchases at the greater of $2 or 85% of VWAP over Oct. 27-Nov. 9, 2026; over-subscription available.
- NYSE trading expected under UWMC RTWI from Oct. 1, 2026, then UWMC RT from Oct. 6, 2026 through Nov. 11, 2026.
- Offering set to expire Nov. 12, 2026; backstop targets at least $400 million in gross proceeds via share or preferred stock issuance.
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