Ready Capital Corp. Files 8-K with Financials
Ticker: RC-PE · Form: 8-K · Filed: Dec 26, 2024 · CIK: 1527590
| Field | Detail |
|---|---|
| Company | Ready Capital Corp (RC-PE) |
| Form Type | 8-K |
| Filed Date | Dec 26, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-statements, debt, exhibits
TL;DR
Ready Capital filed an 8-K detailing its financial instruments and debt as of May 31, 2023.
AI Summary
Ready Capital Corp. filed an 8-K on December 26, 2024, reporting financial statements and exhibits as of May 31, 2023. The filing details various financial instruments including common stock, Series C and E preferred stock, and convertible senior notes due in 2023, along with senior notes due in 2026.
Why It Matters
This filing provides an update on Ready Capital Corp.'s financial position and outstanding debt instruments as of a specific past date, which is crucial for investors assessing the company's capital structure.
Risk Assessment
Risk Level: low — This is a routine financial filing and does not indicate any immediate material changes or risks.
Key Numbers
- 20230531 — Reporting Period End Date (Financial statements are as of this date.)
- 20241226 — Filing Date (The 8-K was filed on this date.)
Key Players & Entities
- Ready Capital Corp. (company) — Filer
- Sutherland Asset Management Corp (company) — Former Company Name
- ZAIS Financial Corp. (company) — Former Company Name
- Sec7.00ConvertibleSeniorNotesDue2023 (dollar_amount) — Financial Instrument
- Sec6.20SeniorNotesDue2026 (dollar_amount) — Financial Instrument
- Sec5.75SeniorNotesDue2026 (dollar_amount) — Financial Instrument
FAQ
What specific financial statements are included in this 8-K filing?
The filing indicates it includes 'Financial Statements and Exhibits' as of May 31, 2023.
What is the primary purpose of this 8-K filing?
The purpose is to report financial statements and exhibits as required by the SEC.
What types of stock and debt are mentioned in the filing's data points?
The filing mentions common stock, Series C Preferred Stock, Series E Preferred Stock, convertible senior notes due 2023, and senior notes due 2026.
When was Ready Capital Corp. previously known by another name?
Ready Capital Corp. was formerly known as Sutherland Asset Management Corp. (effective November 10, 2016) and ZAIS Financial Corp. (effective August 8, 2011).
What is the SIC code for Ready Capital Corp.?
The Standard Industrial Classification (SIC) code for Ready Capital Corp. is 6798, which corresponds to Real Estate Investment Trusts.
Filing Stats: 641 words · 3 min read · ~2 pages · Grade level 11.1 · Accepted 2024-12-26 06:01:21
Key Financial Figures
- $0.0001 — nge on which registered Common Stock, $0.0001 par value RC New York Stock Exchange
Filing Documents
- tm2431241d3_8k.htm (8-K) — 41KB
- tm2431241d3_ex99-1.htm (EX-99.1) — 164KB
- 0001104659-24-131458.txt ( ) — 455KB
- rc-20230531.xsd (EX-101.SCH) — 4KB
- rc-20230531_def.xml (EX-101.DEF) — 28KB
- rc-20230531_lab.xml (EX-101.LAB) — 38KB
- rc-20230531_pre.xml (EX-101.PRE) — 27KB
- tm2431241d3_8k_htm.xml (XML) — 10KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (b) Pro Forma Financial Information. Unaudited pro forma condensed combined financial information with respect to the Broadmark Merger is filed as Exhibit 99.1 and incorporated herein by reference. (d) Exhibits. Exhibit Number Description 2.1 Agreement and Plan of Merger, dated as of February 26, 2023, by and among Ready Capital Corporation, RCC Merger Sub, LLC and Broadmark Realty Capital Inc. (incorporated by reference to Exhibit 2.1 to the Current Report on Form 8-K filed with the SEC by Ready Capital Corporation on May 31, 2023). 99.1* Unaudited pro forma condensed combined financial information of Ready Capital Corporation for the year ended December 31, 2023. 104.1 Cover Page Interactive Data File (embedded within the Inline XBRL document). * Filed herewith
Signatures
Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed by the undersigned hereunto duly authorized. READY CAPITAL CORPORATION Date: December 26, 2024 By: /s/ Andrew Ahlborn Name: Andrew Ahlborn Title: Chief Financial Officer