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Underwriters fully exercise overallotment option in Ready Capital offering

Underwriters of Ready Capital Corp.'s public offering of 6 million common shares on Jan. 2 fully exercised their option to buy an additional 900,000 common shares.

This brought the total net proceeds from the offering to about $105.2 million, after discounts.

The issuance of the additional shares closed on Jan. 7.

Morgan Stanley & Co. LLC, UBS Securities LLC, Wells Fargo Securities LLC and Keefe Bruyette & Woods Inc. served as the joint book-running managers for the offering.