UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
 CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): October 3, 2022
 

Home Point Capital Inc.
(Exact name of registrant as specified in its charter)
 

Delaware
001-39964
 90-1116426
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)

2211 Old Earhart Road, Suite 250
Ann Arbor, Michigan 48105
 (Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (888) 616-6866
Not applicable
(Former name or former address, if changed since last report.)
 
Check the appropriate box below if the Form 8−K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐
Soliciting material pursuant to Rule 14a−12 under the Exchange Act (17 CFR 240.14a−12)
 
☐
Pre−commencement communications pursuant to Rule 14d−2(b) under the Exchange Act (17 CFR 240.14d−2(b))
 
☐
Pre−commencement communications pursuant to Rule 13e−4(c) under the Exchange Act (17 CFR 240.13e− 4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
  
Trading Symbol
  
Name of each exchange on which
registered
Common Stock, par value $0.0000000072 per share
   HMPT
  
The Nasdaq Stock Market LLC
(The Nasdaq Global Select Market)
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.01
Completion of Acquisition or Disposition of Assets.
 
On October 3, 2022, Home Point Capital Inc. (the “Company”) completed the previously announced sale of its 49.6% ownership interest (the “Ownership Interest”) in Longbridge Financial, LLC to EF Holdco RER Assets, LLC (the “Purchaser”), an indirect subsidiary of Ellington Financial Inc., for a purchase price of approximately $38.9 million in cash. There are no material relationships between the Company (or its subsidiaries or affiliates) and the Purchaser (or its subsidiaries or affiliates) other than with respect to the sale of the Ownership Interest.
 
Item 9.01
Financial Statements and Exhibits.
 
(b)
Pro Forma Financial Information
 
The unaudited pro forma condensed consolidated balance sheet of the Company as of June 30, 2022 and the unaudited pro forma condensed consolidated statement of operations of the Company for the fiscal year ended December 31, 2021 and the six months ended June 30, 2022, which give effect to the sale of the Ownership Interest described in Item 2.01, are attached as Exhibit 99.1 to this Current Report on Form 8-K and are incorporated by reference herein.
 
(d)
Exhibits
 
Exhibit No.
  
Description
 
Unaudited Pro Forma Condensed Consolidated Financial Statements.
     
104
  
The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.

Signatures
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
HOME POINT CAPITAL INC.
Date: October 7, 2022
    
 
By:
/s/ Mark E. Elbaum
 
Name:
Mark E. Elbaum
 
Title:
Chief Financial Officer


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