Ellington Financial Files 8-K

TL;DR

Ellington Financial filed an 8-K on 9/30/24 for a material agreement.

AI Summary

On September 30, 2024, Ellington Financial Inc. filed an 8-K report. The filing primarily concerns entry into a material definitive agreement and includes financial statements and exhibits. No specific details regarding the agreement or financial figures were provided in the excerpt.

Why It Matters

This filing indicates a significant event or agreement for Ellington Financial Inc., requiring disclosure to investors.

Risk Assessment

Risk Level: low — The filing is a standard disclosure and does not inherently present new risks without further details.

Key Players & Entities

• Ellington Financial Inc. (company) — Registrant
• Delaware (jurisdiction) — State of incorporation
• September 30, 2024 (date) — Date of report

FAQ

Key Financial Figures

• $0.001 — ange on Which Registered Common Stock, $0.001 par value per share EFC The New York
• $300 million — ximum aggregate offering price of up to $300 million ("Shares") from time to time, through t

Filing Documents

• efc-20240930.htm (8-K) — 39KB
• exhibit11-formofequitydist.htm (EX-1.1) — 291KB
• exhibit51-opinionofvinsone.htm (EX-5.1) — 13KB
• 0001411342-24-000095.txt ( ) — 583KB
• efc-20240930.xsd (EX-101.SCH) — 2KB
• efc-20240930_def.xml (EX-101.DEF) — 17KB
• efc-20240930_lab.xml (EX-101.LAB) — 30KB
• efc-20240930_pre.xml (EX-101.PRE) — 18KB
• efc-20240930_htm.xml (XML) — 7KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement On September 30, 2024, Ellington Financial Inc. (the "Company") and Ellington Financial Management LLC, the Company's manager, entered into separate equity distribution agreements (each an "Agreement" and collectively, the "Agreements") with each of Citizens JMP Securities LLC; B. Riley Securities, Inc.; UBS Securities LLC; Armstrong Securities LLC ("Armstrong"); and BTIG, LLC (each an "Agent" and together the "Agents") relating to the offer and sale of shares of the Company's common stock, par value $0.001 per share, which are referred to herein as "common stock." In accordance with the terms of the Agreements, the Company may offer and sell shares of common stock having a maximum aggregate offering price of up to $300 million ("Shares") from time to time, through the Agents as the Company's agents for the offer and sale of the shares, or to the Agents for resale. The Shares will be issued pursuant to the Company's automatic shelf registration statement on Form S-3 (File No. 333-269386). The Company has filed a prospectus supplement, dated September 30, 2024, to the prospectus dated January 24, 2023, with the Securities and Exchange Commission (the "SEC"), in connection with the offer and sale of the Shares from time to time. Pursuant to the Agreements, the Shares may be offered and sold in transactions that are deemed to be "at the market" offerings as defined in Rule 415 under the Securities Act of 1933, as amended, including sales made directly on the New York Stock Exchange or sales made to or through a market maker or in negotiated transactions. The Agents will be entitled to compensation of up to an aggregate of 2.0% of the gross proceeds from the sale of the Shares sold under the Agreements. The Company has no obligation to sell any of the Shares under the Agreements and may at any time suspend solicitations and offers under the Agreements. Armstrong, an agent in the offering, is a subsidiary of the C

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. The following exhibits are being filed with this Current Report on Form 8-K. 1.1 Form of Equity Distribution Agreement 5.1 Opinion of Vinson & Elkins L.L.P. as to the legality of the Shares 23.1 Consent of Vinson & Elkins L.L.P. (included in Exhibit 5.1) 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ELLINGTON FINANCIAL INC. Date: September 30, 2024 By: /s/ JR Herlihy JR Herlihy Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR