UWM Holdings Corp (UWMC) Form 424B5 — Nov 4, 2026
UWMC filed a 424B5 prospectus supplement on November 4, 2026 adding corrective disclosures to its 200-million-share rights offering after stockholder Eric Gilbert sued in Delaware Chancery Court, alleging the prospectus omitted material information and seeking to block the offering. The supplement discloses the company's $451.9 million Q2 2026 net loss, driven primarily by a $603 million realized loss on interest-rate derivatives hedging MSR exposure, and details the background of the related $2.05 billion Oaktree/SFS financing, including Oaktree's $1.5 billion preferred equity commitment and SFS Group's $150 million investment.
Key figures
- Expiration date
- November 9, 2026
- Q2 2026 net loss
- $451.9 million
- Shares authorized
- 200,000,000 Class A shares
- Dealer manager fee
- up to $11,945,512 (3% of gross proceeds)
- Withdrawal deadline
- 5:00 p.m. ET, November 10, 2026
- Prior bond issuances
- approximately $1.8 billion in unsecured debt
- Rights offering size
- $400 million
- Total financing size
- approximately $2.05 billion (July Oaktree Proposal)
- Jpm fees from oaktree
- approximately $26 million over two years
- Q2 2026 derivative loss
- $603 million on interest rate derivatives hedging MSR exposure
- Closing price nov 3 2026
- $1.59
- Jpm capital markets fees
- $4.0 million
- Oaktree preferred equity
- $1.5 billion
- Pledged paired interests
- 653,792,940 Paired Interests
- Subscription price floor
- $2.00 per share
- Sfs group preferred equity
- $150 million
- Subscription price formula
- greater of $2.00 and 85% of 10-day VWAP
- Jpm strategic investment fee
- $12 million
AI analysis
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