Business Context and Reporting Period
This Form 8-K Current Report was filed by Ladder Capital Corp on March 16, 2020. The filing addresses corporate actions regarding the company's securities registration and does not contain financial results for a specific reporting period.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on regulatory filings related to capital markets activities rather than financial performance.
Material Changes
- Registration Statement Replacement: The Company filed a new registration statement on Form S-3 (File No. 333-237197) to replace its existing statement (File No. 333-216806), which was set to expire on March 17, 2020.
- Prospectus Supplement: A new prospectus supplement was filed relating to the Company's existing "at-the-market" offering program.
- Underwriters: The offering program involves Raymond James, JMP Securities, Keefe, Bruyette & Woods, and B. Riley FBR.
Guidance, Outlook, and Risks
The filing does not contain management commentary on financial guidance, outlook, or specific risk factors. The primary purpose is to disclose the legal and procedural update regarding the renewal of the shelf registration for equity offerings. An opinion of counsel from Kirkland & Ellis LLP regarding the at-the-market offering was filed as Exhibit 5.1.
Investor Verification Checklist
- Verify the status of the new Form S-3 registration (File No. 333-237197) on the SEC EDGAR database.
- Review the new prospectus supplement for any changes to the terms of the "at-the-market" offering.
- Confirm the expiration date of the previous registration statement (March 17, 2020) to ensure continuity of the offering program.
- Check subsequent filings for actual equity issuances under the renewed registration.