Filing Signals

Source: SEC EDGAR Compiled 2026-09-14 08:28 UTC All 21 checks passing

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Ready Capital Corp

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Progression

  1. Accounting standard newly cited 10-K
  2. SEC comment letter CORRESP +120d
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Form
An amendment is grouped with the report it amends; every 12b-25 notice is one group

SEC comment letter Filing comparison

Ready Capital Corp responded to SEC staff comments on business combinations

Letter dated 2025-09-29; published on EDGAR 2026-06-30 — the SEC releases comment letters only after the review closes.

We note you recorded a bargain purchase gain of $102.5M for the three months ended March 31, 2025 upon acquisition of United Development Funding IV (“UDF IV”). Please tell us in greater detail the reassessment performed under ASC 805-30-25-4 before recognizing the gain. In addition, please expand your disclosures to highlight the facts and circumstances that resulted in your acquisition of UDF IV at a significant…
Evidence
Cited sections
Note 5. Business Combinations, page 23, Note 6 - Loans and Allowance for Credit Losses: Note 6 on, page 130, Note 6 on, page 129
Direction
company to staff
Letter dated
2025-09-29
Published on edgar
2026-06-30
Reviewing
Ready Capital Corp Form 10-K for the fiscal year ended December 31, 2024 Form 10-Q for the quarterly period ended March 31, 2025 File No. 001-35808 Dear Messrs.
Source
Company response to SEC staff (CORRESP)
Topics
Business combinations, Fair value, MD&A, Income taxes, Segment reporting, Non-GAAP measures
Why
SEC staff reviewed the company's periodic report and raised written comments on its accounting, or the company replied to them. Letters are published on EDGAR only after the review closes.

Source filing ↗

SEC comment letter Filing comparison

SEC staff questioned Ready Capital Corp's accounting for business combinations

Letter dated 2025-09-02; published on EDGAR 2026-06-30 — the SEC releases comment letters only after the review closes.

We note you recorded a bargain purchase gain of $102.5M for the three months ended March 31, 2025 upon acquisition of United Development Funding IV (“UDF IV”). Please tell us in greater detail the reassessment performed under ASC 805-30-25-4 before recognizing the gain. In addition, please expand your disclosures to highlight the facts and circumstances that resulted in your acquisition of UDF IV at a significant…
Evidence
Cited sections
Note 5. Business Combinations, page 23
Direction
staff to company
Letter dated
2025-09-02
Published on edgar
2026-06-30
Reviewing
Ready Capital Corp Form 10-K for the fiscal year ended December 31, 2024 Form 10-Q for the quarterly period ended March 31, 2025 File No. 001-35808 Dear Andrew
Source
SEC staff comment letter (UPLOAD)
Topics
Business combinations, Fair value, MD&A
Why
SEC staff reviewed the company's periodic report and raised written comments on its accounting, or the company replied to them. Letters are published on EDGAR only after the review closes.

Source filing ↗

Accounting standard newly cited Filing comparison

Ready Capital Corp cited accounting standards ASU 2024-04, ASU 2025-03, ASU 2025-05, ASU 2025-06, ASU 2025-08 for the first time in this filing series

The Company is currently assessing the impact upon adoption of this standard on the consolidated financial statements. ASU 2024-04, Compensation – Debt Conversion and Other Topics (Subtopic 470-20) Induced Conversions of Convertible Debt Instruments Issued November 2024 This ASU clarifies the requirements for settlement of a convertible debt instrument as an induced conversion.
Evidence
Adopted
2024-04, 2025-03, 2025-05, 2025-06, 2025-08
Contexts
The Company is currently assessing the impact upon adoption of this standard on the consolidated financial statements. ASU 2024-04, Compensation – Debt Conversion and Other Topics (Subtopic 470-20) Induced Conversions of Convertible Debt Instruments Issued November 2024 This ASU clarifies the requirements for settlement of a convertible debt instrument as an induced conversion., The Company is currently assessing the impact upon adoption of this standard on the consolidated financial statements. ASU 2025-03, Compensation – Business Combinations (Topic 805) and Consolidation (Topic 810) Determining the Accounting Acquirer in the Acquisition of a Variable Interest Entity Issued May 2025 This ASU clarifies the guidance in determining the accounting acquirer in certain…, The Company is currently assessing the impact upon adoption of this standard on the consolidated financial statements. ASU 2025-05, Financial Instruments-Credit Losses (Topic 326): Measurements of Credit Losses for Accounts Receivable and Contract Assets Issued July 2025 This ASU provides a practical expedient related to the estimation of expected credit losses.
New standards
2024-04, 2025-03, 2025-05, 2025-06, 2025-08, 2025-09
Prior filed
2025-09-30
Prior form
10-K/A
Restates existing policy
No
Source
accounting standards update (ASU) reference comparison
Why
An accounting standard (ASU) appears in this filing that did not appear in the previous comparable one, in a sentence describing it as adopted. That is a change in what the company discloses, which is not always a change of policy in the current period: the filing may state an adoption date years earlier.

Source filing ↗ Prior filing ↗