Ready Capital Division iBusiness, Funding Circle Enter Share Purchase Agreement; iBusiness To Be The New Owner Of FC USA

6/24/24 5:12:19 PM ET

Real Estate Investment Trusts

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The share purchase agreement, position iBusiness Funding, LLC as the new owner of FC USA and its subsidiaries, contingent on the return of its Small Business Lending Company (SBLC) license to the SBA.

Ready Capital CEO Thomas Capasse said, "We're excited to acquire FC USA and expect the acquisition to yield meaningful revenue and earnings to the combined company in the years to come."

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Recent Analyst Ratings for
$RC

Date	Price Target	Rating	Analyst
7/19/2024		Neutral	BTIG Research
5/10/2024		Buy → Neutral	Ladenburg Thalmann
3/4/2024	$10.00 → $8.00	Mkt Perform → Underperform	Keefe Bruyette
12/18/2023		Outperform → Mkt Perform	Raymond James
12/6/2023	$10.50	Neutral	UBS
10/23/2023	$14.50 → $12.00	Buy	BTIG Research
10/17/2023	$11.00	Neutral	Wedbush
12/15/2022	$13.00	Outperform → Mkt Perform	Keefe Bruyette

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Ready Capital Division iBusiness, Funding Circle Enter Share Purchase Agreement; iBusiness To Be The New Owner Of FC USA

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Recent Analyst Ratings for $RC

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Nathan Gilbert E bought $82,860 worth of shares (10,000 units at $8.29), increasing direct ownership by 12% to 95,249 units (SEC Form 4)

Nathan Gilbert E bought $83,461 worth of shares (9,150 units at $9.12), increasing direct ownership by 3% to 85,249 units (SEC Form 4)

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