Great Ajax Corp. Files 8-K with Material Agreements
Ticker: RPT-PC · Form: 8-K · Filed: Oct 21, 2024 · CIK: 1614806
| Field | Detail |
|---|---|
| Company | Great Ajax Corp. (RPT-PC) |
| Form Type | 8-K |
| Filed Date | Oct 21, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-update, corporate-event
Related Tickers: AJX
TL;DR
AJX filed an 8-K on Oct 21st - material agreements, financials, and other events are on the table.
AI Summary
Great Ajax Corp. filed an 8-K on October 21, 2024, reporting on the entry into a material definitive agreement, results of operations, and other events. The filing also includes financial statements and exhibits. The company's principal executive offices are located at 799 Broadway, New York, NY 10003, and its telephone number is 212-850-7770.
Why It Matters
This 8-K filing signals significant corporate events and financial updates for Great Ajax Corp., potentially impacting its stock performance and investor outlook.
Risk Assessment
Risk Level: medium — 8-K filings often contain material information that can lead to significant stock price volatility.
Key Players & Entities
- Great Ajax Corp. (company) — Registrant
- October 21, 2024 (date) — Date of earliest event reported
- 799 Broadway New York , NY 10003 (address) — Principal executive offices
- 212 - 850-7770 (phone_number) — Registrant's telephone number
- Maryland (state) — State of incorporation
- 001-36844 (commission_file_number) — SEC File Number
FAQ
What specific material definitive agreement was entered into by Great Ajax Corp. on or before October 21, 2024?
The filing indicates the entry into a material definitive agreement, but the specific details of this agreement are not provided in the provided text.
What are the key results of operations and financial condition updates reported in this 8-K?
The filing states that results of operations and financial condition are being reported, but the specific financial details are not included in the provided text.
Are there any other significant events reported by Great Ajax Corp. in this filing besides the material agreement and financial updates?
Yes, the filing explicitly lists 'Other Events' as an item being reported, in addition to the material agreement and financial information.
Where are Great Ajax Corp.'s principal executive offices located?
Great Ajax Corp.'s principal executive offices are located at 799 Broadway, New York, NY 10003.
What is the SEC file number for Great Ajax Corp.?
The SEC file number for Great Ajax Corp. is 001-36844.
Filing Stats: 752 words · 3 min read · ~3 pages · Grade level 10.7 · Accepted 2024-10-21 06:45:24
Key Financial Figures
- $0.01 — ch registered Common stock, par value $0.01 per share AJX New York Stock Exchan
Filing Documents
- tm2426538d1_8k.htm (8-K) — 29KB
- tm2426538d1_ex10-1.htm (EX-10.1) — 22KB
- tm2426538d1_ex99-1.htm (EX-99.1) — 91KB
- tm2426538d1_ex99-1img001.jpg (GRAPHIC) — 6KB
- 0001104659-24-110031.txt ( ) — 339KB
- ajx-20241021.xsd (EX-101.SCH) — 3KB
- ajx-20241021_lab.xml (EX-101.LAB) — 33KB
- ajx-20241021_pre.xml (EX-101.PRE) — 22KB
- tm2426538d1_8k_htm.xml (XML) — 3KB
01
Item 1.01. Entry into a Material Definitive Agreement On October 18, 2024, Great Ajax Corp. (the "Company") and RCM GA Manager LLC, an affiliate of Rithm Capital Corp. (the "Manager"), entered into an amendment (the "Amendment") to the Management Agreement, dated June 11, 2024, by and among the Company, Great Ajax Operating Partnership L.P. and the Manager (the "Management Agreement"), to provide that the Base Management and the Incentive Fee shall be payable in cash or, at the election of the Manager, in shares of common stock of the Company, subject to the terms and conditions of the Amendment. All other terms of the Management Agreement remain unchanged. The description above is qualified in its entirety by reference to the copy of the Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference thereto.
02
Item 2.02. Results of Operations and Financial Condition On October 21, 2024, the Company issued a press release regarding its financial results for the third quarter ended September 30, 2024 (the "Press Release"). A copy of the Press Release is attached hereto as Exhibit 99.1 and is available on the Company's website. The information provided in Item 2.02 of this Report, including Exhibit 99.1, is being furnished and shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into any of the Company's filings under the Securities Act of 1933, as amended, or the Exchange Act, unless expressly set forth as being incorporated by reference into such filing.
01
Item 8.01. Other Events The Press Release additionally describes the Company's plans to change its name to Rithm Property Trust Inc. (NYSE: RPT) and related matters. The name change is expected to take effect on or about November 18, 2024, pursuant to customary notices.
Financial Statements and Exhibits
Financial Statements and Exhibits Exhibit Description 10.1 First Amendment to the Management Agreement, dated as of October 18, 2024 99.1 Press Release dated October 21, 2024 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document EXHIBIT INDEX Exhibit Description 10.1 First Amendment to the Management Agreement, dated as of October 18, 2024 99.1 Press Release dated October 21, 2024 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document
SIGNATURES
SIGNATURES 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 thereunto duly authorized. GREAT AJAX CORP. By: /s/ Mary Doyle Name: Mary Doyle Title: Principal Financial Officer Dated: October 21, 2024