As previously disclosed, on February 26, 2023, Ready Capital Corporation, a Maryland corporation (the "Company" or "Ready Capital"), Broadmark Realty Capital Inc., a Maryland corporation ("Broadmark"), and RCC Merger Sub, LLC, a Delaware limited liability company and a wholly owned subsidiary of the Company ("Merger Sub"), entered into an Agreement and Plan of Merger (the "Merger Agreement"), pursuant to which, subject to the terms and conditions therein, Broadmark will be merged with and into Merger Sub, with Merger Sub continuing as the surviving company (the "Merger").