UWM Holdings Corporation (UWMC) amended its prospectus for subscription rights to purchase up to 200,000,000 shares of Class A common stock. The supplement adds preliminary third-quarter information before the measurement period used to determine the subscription price.
For the quarter ended September 30, 2026, management expects preliminary loan originations of $33.4 billion, including $22.8 billion in purchase loans and $10.6 billion in refinances. Estimated total revenue is $800 million to $825 million, net income $205 million to $220 million, and Adjusted EBITDA $170 million to $190 million. Loan servicing income is estimated at $240 million to $250 million and loan production income at $410 million to $420 million.
The estimates are unaudited, have not been reviewed by the independent registered accounting firm, and may change materially as quarter-end closing procedures are completed. Adjusted EBITDA, net non-funding debt, and Total Preferred and Common Equity are non-GAAP measures.
UWM Holdings Corporation (UWMC) expects preliminary third-quarter 2026 total revenue of $800 million to $825 million, net income of $205 million to $220 million and Adjusted EBITDA of $170 million to $190 million. It estimates $33.4 billion in loan originations, including $22.8 billion of purchase and $10.6 billion of refinance originations. These unaudited estimates have not been reviewed by its independent accounting firm and may change, potentially materially.
For 2026, UWMC estimates revenue of $3.35 billion to $3.50 billion, lower than expected earlier in the year because of lower industry origination volume. It expects Q4 sales of $70 billion to $80 billion of MSRs, with proceeds in excess of $1.8 billion, to support non-funding debt paydown. The rights offering, commenced October 5, 2026, seeks up to $400 million; Class A holders as of October 2, 2026 may subscribe for 0.57 shares per right at the greater of $2.00 or 85% of the volume-weighted average price for the ten consecutive trading days ending on the third trading day before expiration. UWMC said material outside-investor subscriptions appeared unlikely at the current share price. Oaktree Purchasers have an option and the Ishbia Support Parties an obligation to purchase any remaining amount needed for at least $400 million in gross proceeds.
UWM Holdings Corp (symbol: UWMC) is the issuer of record for a Form 8-K filing submitted to the SEC. UWM Holdings Corporation commenced its rights offering on October 5, 2026, seeking up to $400 million in proceeds and offering up to 200,000,000 shares of Class A common stock. Holders of record on October 2, 2026, receive one transferable right per share; each right permits purchase of 0.57 shares at the greater of $2.00 per share or 85% of the volume-weighted average price during the ten consecutive trading days ending on the third trading day immediately before expiration.
Holders who fully exercise basic rights may seek unsubscribed shares through the over-subscription right. The offering expires at 5:00 p.m. Eastern Time on November 12, 2026. The October 2 closing price was $1.26; if the market price remains below $2.00, rights will not be eligible to trade on the NYSE. If subscriptions fall short of $400 million, Oaktree Purchasers may, and the Ishbia Support Parties—including SFS Group Capital, LLC and Mat Ishbia, UWM's chief executive officer—must purchase securities from UWM for the unfunded amount. Purchases may be Class A shares at the subscription price or junior perpetual non-convertible preferred stock plus warrants to purchase Class A shares, with the aggregate number of warrants equal to 20% of the preferred stock's initial liquidation preference.
UWM Holdings Corp (symbol: UWMC) is the issuer of record for a Form 8-K filing submitted to the SEC. UWM Holdings Corp. registered for resale by selling stockholders up to 1,500,000 shares of Series A-1 Preferred Stock, 165,000,000 Class A Warrants exercisable at $6.00 per share, and 165,000,000 Class B Warrants exercisable at $2.00 per share. The registration also covers up to 330,000,000 Class A common shares issuable upon exercise of the warrants. The securities were issued under a Securities Purchase Agreement dated August 5, 2026. UWM filed Greenberg Traurig, P.A.'s legal opinion as an exhibit, with the firm's consent included.
UWMC registered for resale by selling stockholders up to 1,500,000 shares of Series A-1 Preferred Stock, 165,000,000 Class A Warrants, 165,000,000 Class B Warrants and 330,000,000 shares of Class A Common Stock issuable upon warrant exercise. UWMC is not issuing or selling new securities through this supplement and receives no proceeds from the selling stockholders’ resales. The registration fulfills obligations under the Investor Rights Agreement dated August 5, 2026.
Each warrant entitles its holder to purchase one Class A Common Stock share and is exercisable only for cash, at $6.00 per share for Class A Warrants and $2.00 per share for Class B Warrants, until 5:00 p.m., New York City time, on August 5, 2036. If all warrants are exercised, UWMC may receive up to approximately $1.32 billion and expects to use net exercise proceeds for general corporate purposes. The Series A-1 Preferred Stock and Warrants have no established trading market, and UWMC does not expect one to develop.
UWM Holdings Corp (symbol: UWMC) is the issuer of record for a Form 424B5 filing submitted to the SEC. UWM Holdings Corp. is distributing transferable rights to purchase up to 200,000,000 shares of Class A common stock, with one right for each share held on October 2, 2026. Holders may purchase shares pro rata through the basic right and, if they exercise it in full, request additional unsubscribed shares. The subscription price is the greater of $2.00 per share and 85% of the 10-trading-day volume-weighted average price ending November 9, 2026. Each right represented approximately 0.57 shares as of September 25, subject to change by the record date.
UWM expects at least $400 million in gross proceeds from the rights offering and backstop, and estimates approximately $387 million in net proceeds after fees and offering expenses. For a shortfall, Oaktree Purchasers have the option and Ishbia Support Parties the obligation to purchase securities. Proceeds, together with a portion of prior Series A Preferred Stock proceeds, are intended to redeem the $500.0 million 2027 Senior Notes promptly after completion. Rights expire November 12, 2026, unless extended.
UWM Holdings Corp (UWMC) is the issuer in an ownership report in which OCO Capital GP LLC says it may be deemed the beneficial owner of 22,000,000 Class A common shares, or 6.43% of the class. OCO Opportunities Master Fund, L.P. owns the shares; OCO Capital GP LLC reports sole voting and dispositive power over them. The ownership percentage is based on 342,349,795 shares outstanding, as reported in the issuer’s Form 10-Q filed August 7, 2026.
UWM Holdings Corp (UWMC) reports that its majority stockholder, SFS Holding Corp., which controls 79% of the voting power, has approved by written consent two stock-issuance actions required under NYSE rules, without a stockholder meeting. These actions relate to an August 5, 2026, $2.05 billion strategic capital partnership with funds affiliated with Oaktree Capital Management and entities controlled by Mat Ishbia.
Under Action No. 1, UWMC may issue up to 30 million Class A shares to SFS Group upon cash exercise of warrants (15 million at $6.00 and 15 million at $2.00 per share). Under Action No. 2, if a planned $400 million rights offering is not fully subscribed, Ishbia-affiliated parties may receive either up to 200 million Class A shares or warrants that could lead to up to 80 million Class A shares, as part of a backstop arrangement. The preferred and warrant financing has already provided $1.65 billion to UWMC, which is being used for general corporate purposes, including paying down mortgage servicing rights financing facilities.
UWM Holdings Corp (UWMC) describes stockholder written consent approvals that allow significant related-party equity issuances tied to a previously announced $2.05 billion strategic capital partnership with Oaktree-affiliated funds and entities controlled by Mat Ishbia. On August 5, 2026, the company issued $1.65 billion of Series A Preferred Stock plus warrants to purchase 165 million Class A shares at $6.00 and 165 million Class A shares at $2.00 per share. SFS Group, an Ishbia-affiliated entity, received warrants for 30 million Class A shares whose exercise, along with potential issuances under a $400 million rights offering backstopped by Oaktree and the Ishbia Support Parties, required approval under NYSE Section 312.03(b).
The majority stockholder, SFS Holding Corp., which controls about 79% of the voting power of the Outstanding Common Stock as of September 1, 2026, consented in writing to (Action No. 1) issuance of up to 30 million Class A shares to SFS Group upon warrant exercise and (Action No. 2) issuance of either up to 200 million Class A shares, or up to 80 million Class A shares upon warrant exercise, in connection with the Backstop Agreement. No meeting or further vote of other stockholders is required, no appraisal rights are provided, and the approvals become effective no earlier than 40 days after the internet notice is first sent.
UWM Holdings Corp (UWMC) reported that EVP and Chief Financial Officer Rami Hasani had 2,500 Restricted Stock Units vest on September 1, 2026 and settle into 2,500 shares of Class A Common Stock on a one-for-one basis. Of these, 728 shares were mandatorily withheld by the company to satisfy minimum tax-withholding obligations under an arrangement exempt under Rule 16b-3. Hasani continues to hold multiple RSU awards that will vest between March 1, 2027 and April 1, 2032 under the company’s 2020 Omnibus Incentive Plan.