AOMR Files 8-K on Material Definitive Agreement
Ticker: AOMN · Form: 8-K · Filed: Jan 24, 2024 · CIK: 1766478
| Field | Detail |
|---|---|
| Company | Angel Oak Mortgage Reit, Inc. (AOMN) |
| Form Type | 8-K |
| Filed Date | Jan 24, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: material-agreement, corporate-action
TL;DR
**AOMR just signed a big deal, details pending, could move the stock.**
AI Summary
Angel Oak Mortgage REIT, Inc. (AOMR) filed an 8-K on January 24, 2024, reporting an event that occurred on January 19, 2024, concerning an "Entry into a Material Definitive Agreement." This filing indicates a significant new contract or agreement that could impact the company's operations or financial standing. For investors, this matters because material agreements can signal strategic shifts, new partnerships, or changes in financial obligations, potentially affecting future earnings or risk profile.
Why It Matters
This filing signals a potentially significant business development for Angel Oak Mortgage REIT, Inc., which could influence its financial performance and strategic direction. Investors should monitor for details of this agreement as they become public.
Risk Assessment
Risk Level: medium — The filing indicates a material agreement but lacks specific details, creating uncertainty about its potential positive or negative impact on the company.
Analyst Insight
A smart investor would monitor subsequent filings (like 10-K or 10-Q) or press releases from Angel Oak Mortgage REIT, Inc. for specific details regarding the 'Material Definitive Agreement' to assess its financial implications before making any investment decisions.
Key Players & Entities
- Angel Oak Mortgage REIT, Inc. (company) — the registrant filing the 8-K
- AOMR (company) — trading symbol for Angel Oak Mortgage REIT, Inc.
- New York Stock Exchange (company) — where AOMR common stock is registered
- January 19, 2024 (date) — date of the earliest event reported
- January 24, 2024 (date) — date the 8-K was filed
- Maryland (company) — state of incorporation for Angel Oak Mortgage REIT, Inc.
- 3344 Peachtree Road Northeast , Suite 1725 , Atlanta , Georgia 30326 (company) — principal executive offices address
- 404-953-4900 (dollar_amount) — registrant's telephone number
Forward-Looking Statements
- Angel Oak Mortgage REIT, Inc. will release further details about the 'Material Definitive Agreement'. (Angel Oak Mortgage REIT, Inc.) — high confidence, target: Q1 2024
- The 'Material Definitive Agreement' will have a noticeable impact on AOMR's financial statements. (AOMR) — medium confidence, target: Q2 2024
FAQ
What is the primary purpose of this 8-K filing by Angel Oak Mortgage REIT, Inc.?
The primary purpose of this 8-K filing is to report an "Entry into a Material Definitive Agreement" as per Item 1.01, and to include "Financial Statements and Exhibits" as per Item 9.01, with the earliest event reported occurring on January 19, 2024.
When did the event reported in this 8-K filing occur?
The earliest event reported in this 8-K filing occurred on January 19, 2024, as stated under "Date of Report (date of earliest event reported)."
What is the trading symbol and exchange for Angel Oak Mortgage REIT, Inc.'s common stock?
Angel Oak Mortgage REIT, Inc.'s common stock has the trading symbol AOMR and is registered on the New York Stock Exchange.
What is the state of incorporation for Angel Oak Mortgage REIT, Inc.?
Angel Oak Mortgage REIT, Inc. is incorporated in Maryland, as indicated in the filing.
Has Angel Oak Mortgage REIT, Inc. undergone any name changes recently according to the filing?
Yes, the filing lists several former company names and dates of name change, including 'Angel Oak Mortgage, Inc.' on 20230309, 'Angel Oak Mortgage REIT, Inc.' on 20230303, and 'Angel Oak Mortgage, Inc.' on 20190130.
Filing Stats: 512 words · 2 min read · ~2 pages · Grade level 10.2 · Accepted 2024-01-23 17:48:48
Key Financial Figures
- $0.01 — ange on which registered Common stock, $0.01 par value per share AOMR New York Stock
Filing Documents
- aomr-20240119.htm (8-K) — 27KB
- amendmentno2toarpricingsid.htm (EX-10.1) — 40KB
- 0001766478-24-000002.txt ( ) — 200KB
- aomr-20240119.xsd (EX-101.SCH) — 2KB
- aomr-20240119_lab.xml (EX-101.LAB) — 24KB
- aomr-20240119_pre.xml (EX-101.PRE) — 13KB
- aomr-20240119_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On January 19, 2024, Angel Oak Mortgage REIT, Inc. (the "Company") and one of its subsidiaries (the "Subsidiary"), entered into Amendment No. 2 (the "MRA Amendment") to the Amended and Restated Master Repurchase Agreement (the "Master Repurchase Agreement") with a Lender, "Global Investment Bank 2". Pursuant to the MRA Amendment, the termination date of the loan financing facility has been extended through May 2, 2024. This facility had previously been set to expire on February 2, 2024. A copy of the MRA Amendment is attached hereto as Exhibit 10.1 and incorporated herein by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Exhibit 10.1 Amendment No. 2 to A&R Pricing Side Letter (Global Investment Bank 2 ) , Dated January 19. 2024 Exhibit 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: January 22, 2024 ANGEL OAK MORTGAGE REIT, INC. By: /s/ Brandon Filson Name: Brandon Filson Title: Chief Financial Officer and Treasurer