UWM Holdings Announces Terms Of 200M Share Rights Offering At Subscription Price Equal To Greater Of $2.00 Or 85% VWAP, Backstopped For At Least $400M
UWM Holdings Corporation (NYSE:UWMC) ("UWMC" or the "Company"), the publicly traded indirect parent of United Wholesale Mortgage ("UWM"), today announced the terms of its previously announced
UWM is selling new shares to raise cash for the company. Investors can buy these shares at a discount, which shows management believes in the business.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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