Rights IssueNov 9, 2026, 05:01 PM
UWM Holdings Sets Rights Offering Price at $2.00 Per Share
AI Summary
UWM Holdings Corporation has announced the final subscription price for its rights offering to purchase up to 200,000,000 shares of Class A common stock. The price is set at $2.00 per share, determined by a formula involving the stock's volume-weighted average price. The offering's subscription rights will expire on November 12, 2026, with a withdrawal deadline of November 10, 2026, for previously exercised rights.
Key Highlights
- UWM Holdings Corp announced the final subscription price for its rights offering at $2.00 per share.
- The rights offering allows for the purchase of up to 200,000,000 shares of Class A common stock.
- The subscription price is the greater of $2.00 or 85% of the 10-day VWAP ending November 9, 2026.
- Subscription rights expire on November 12, 2026, unless extended.
- Holders can withdraw exercised rights until November 10, 2026.
Price Impact
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