REDWOOD TRUST INC (RWT) Form 8-K — Nov 3, 2026
$RWTForm 8-KItems 1.01, 3.02, 3.03, 5.03, 8.01, 9.01Filed Nov 3, 2026, 5:15 PM ET0001104659-26-122170Original filing
Redwood Trust's Board unanimously approved a plan to revoke its REIT election and convert to a C corporation for its 2027 tax year, with the IRS revocation filing expected on or prior to March 31, 2027. The company simultaneously approved a one-for-five reverse stock split effective December 31, 2026, with split-adjusted trading beginning January 4, 2027 under the same RWT ticker on the NYSE.
Key figures
- Gross Proceeds
- 0
- Shares Offered
- 0
- Cpp jv extension
- 18 months, until March 2030
- Cpp warrant strike
- $4.90 per share
- Cpp facility upsize
- $500 million (from $400 million)
- Reverse split ratio
- 1:5
- Rights plan trigger
- 4.9%
- Rights plan exercise price
- $20.00 per Right
- Repurchase price pct of liq
- 85%
- Reverse split effective time
- December 31, 2026
- Repurchase liquidation amount
- $53,125,000
- Trust preferred total liq amount
- $99,500,000
- C corp revocation filing deadline
- on or prior to March 31, 2027
- Cpp warrant make whole max shares
- 452911
AI analysis
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