UWM Holdings majority shareholder OKs issuance of up to 30 million Class A shares on warrant exercise
UWMC•Shareholder consent clears financing-related share issuance
- UWM Holdings obtained shareholder action by written consent on Sept. 1, 2026, clearing NYSE requirements tied to a $2.05 billion financing.
- Authorized issuance of up to 30,000,000 Class A shares to SFS Group Capital upon cash exercise of warrants priced at $6 and $2.
- Cleared potential issuance under a backstop for a $400 million rights offering, including up to 200,000,000 Class A shares.
- Also authorized up to 80,000,000 Class A shares from warrant exercises issued in connection with the backstop arrangement.
