UWM Holdings ($UWMC) Is Paying a $17.5M Settlement to Investors — Here’s How to Get Your Share

Court: Delaware court of Chancery

Case: 2023-0284-LWW

UWM Holdings Corporation UWMC, formerly Gores Holdings IV, agreed to pay $17.5 million to settle claims that it misled shareholders about its financial performance and underwriting practices following its 2021 SPAC merger.

This settlement presents a great opportunity for investors to recover some of their losses. Here’s what you need to know to claim your payout.

Who is eligible?

All persons and entities who purchased, acquired, or held Gores IV Class A common stock (including shares held as part of a public unit) at any time between September 22, 2020, and January 21, 2021, inclusive.

Do you have to sell securities to be eligible?

No, if you purchased or held securities within the class period, you are eligible to participate. You can participate in the settlement and retain (or sell) your securities.

How much can you recover?

The final payout amount depends on your specific trades and the number of investors participating in the settlement.

If 100% of investors file their claims, the average payout will be $0.50 per share. Although typically only 25% of investors file claims, in this case, the average recovery will be $2.00 per share.

How long will it take to receive your payout?

The entire process usually takes 4 to 9 months after the claim deadline. But the exact timing depends on the court and settlement administration.

How to claim your payout — and why it's important to act now?

The settlement will be distributed based on the number of claims filed, so submitting your claim early may increase your share of the payout.

In some cases, investors have received up to 200% of their losses from settlements in previous years.

More than 100 companies are currently paying out settlements. Connect your portfolio to automatically check which ones you might have missed — or file manually for this case.