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HENGJR
2021-11-19

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UWM Holdings jumped over 25% in premarket trading as it announced intent to accelerate buyback in Lieu

UWM Holdings jumped over 25% in premarket trading as it announcedintent toacceleratebuyback in Lieu.

UWM Holdings jumped over 25% in premarket trading as it announced intent to accelerate buyback in Lieu

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The Offering was intended to increase UWMC’s public float by approximately 50%, thereby making it a more liquid, tradable stock for larger indexes and institutional investors, while at the same time utilizing the Company’s buyback authorization to reduce the number of fully diluted shares outstanding. However, the market’s reaction to the Offering resulted in a share price level at which SFS is not willing to sell. With the termination of the Offering, no shares of common stock will be sold by SFS at this time. 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UWM Holdings jumped over 25% in premarket trading as it announced intent to accelerate buyback in Lieu

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