Ready Capital Corp. Files 8-K with Financial Exhibits
Ticker: RC-PE · Form: 8-K · Filed: Jan 16, 2025 · CIK: 1527590
| Field | Detail |
|---|---|
| Company | Ready Capital Corp (RC-PE) |
| Form Type | 8-K |
| Filed Date | Jan 16, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001, $150.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-statements, debt-instruments, preferred-stock
TL;DR
Ready Capital filed an 8-K on Jan 14, 2025, detailing its stock, preferred stock, and various senior notes.
AI Summary
On January 14, 2025, Ready Capital Corp. filed an 8-K report detailing financial statements and exhibits. The filing includes information related to its common stock, Series C and E Preferred Stock, and various senior notes, including the Sec7.00 Convertible Senior Notes Due 2023, Sec6.20 Senior Notes Due 2026, and Sec5.75 Senior Notes Due 2026.
Why It Matters
This filing provides investors with updated financial information and details on the company's various debt and equity instruments, crucial for assessing its financial health and investment potential.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of financial statements and exhibits, not indicating any new material events or risks.
Key Players & Entities
- Ready Capital Corp. (company) — Filer of the 8-K report
- January 14, 2025 (date) — Date of the event reported
- Sec7.00 Convertible Senior Notes Due 2023 (dollar_amount) — Specific financial instrument mentioned
- Sec6.20 Senior Notes Due 2026 (dollar_amount) — Specific financial instrument mentioned
- Sec5.75 Senior Notes Due 2026 (dollar_amount) — Specific financial instrument mentioned
FAQ
What specific financial statements and exhibits are included in this 8-K filing?
The filing indicates that financial statements and exhibits are included, but the specific details of these documents are not enumerated in the provided text.
What is the par value per share for Ready Capital Corp.'s common stock?
The par value per share for Ready Capital Corp.'s common stock is $0.0001.
What are the different series of preferred stock mentioned in the filing?
The filing mentions Series C Preferred Stock and Series E Preferred Stock.
What are the maturity dates for the senior notes listed?
The senior notes listed are the Sec7.00 Convertible Senior Notes Due 2023, Sec6.20 Senior Notes Due 2026, and Sec5.75 Senior Notes Due 2026.
What is the Central Index Key (CIK) for Ready Capital Corp.?
The Central Index Key for Ready Capital Corp. is 0001527590.
Filing Stats: 607 words · 2 min read · ~2 pages · Grade level 10.5 · Accepted 2025-01-16 16:52:23
Key Financial Figures
- $0.0001 — nge on which registered Common Stock, $0.0001 par value RC New York Stock Exchange
- $150.0 million — ram authorizing the repurchase of up to $150.0 million of the Company's common stock, par valu
Filing Documents
- tm253577d1_8k.htm (8-K) — 40KB
- tm253577d1_ex99-1.htm (EX-99.1) — 7KB
- 0001104659-25-004145.txt ( ) — 288KB
- rc-20250114.xsd (EX-101.SCH) — 4KB
- rc-20250114_def.xml (EX-101.DEF) — 28KB
- rc-20250114_lab.xml (EX-101.LAB) — 38KB
- rc-20250114_pre.xml (EX-101.PRE) — 27KB
- tm253577d1_8k_htm.xml (XML) — 10KB
01. Other Events
Item 8.01. Other Events. On January 16, 2025, Ready Capital Corporation (the "Company") announced that its Board of Directors approved a new stock repurchase program authorizing the repurchase of up to $150.0 million of the Company's common stock, par value $0.0001 per share. Repurchases under the stock repurchase program may be made at management's discretion from time to time on the open market, in privately negotiated transactions or otherwise, in each case subject to compliance with all Securities and Exchange Commission rules and other legal requirements, and may be made in part under one or more Rule 10b5-1 and Rule 10b-18 plans, which permit stock repurchases at times when the Company might otherwise be precluded from doing so. The timing and amount of any repurchase transactions will be determined by the Company's management based on its evaluation of market conditions, share price, legal requirements and other factors. A copy of the press release announcing the approval of the new stock repurchase program is attached hereto as Exhibit 99.1 and incorporated herein by reference.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release dated January 16, 2025. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
Signatures
Signatures Pursuant to the requirements of the Exchange Act, the registrant has duly caused this report to be signed by the undersigned hereunto duly authorized. READY CAPITAL CORPORATION Date: January 16, 2025 By: /s/ Andrew Ahlborn Name: Andrew Ahlborn Title: Chief Financial Officer