Special Meeting for CrossCountry Mortgage Merger Adjourned to July 2nd to Solicit More Votes
TWO sits 40% above its 52-week low of $8.78.
Summary
Two Harbors has adjourned its special meeting for the CrossCountry Mortgage merger to July 2, 2026, to allow more time to gather shareholder votes for the $12.00 per share cash transaction.
Key Events · M&A and Partnerships · TWO
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Special Meeting Adjourned
The special meeting of stockholders for the proposed acquisition by CrossCountry Mortgage has been adjourned to July 2, 2026, at 10:00 a.m. Eastern Time.
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Proxy Solicitation Extended
The adjournment is to provide additional time to solicit proxies in favor of the acquisition, indicating that sufficient votes have not yet been secured.
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Board Recommends "FOR"
The Board of Directors unanimously continues to recommend stockholders vote "FOR" the CCM transaction, which offers $12.00 per share in cash plus a pro-rated stub dividend.
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Merger Status Update
The transaction is fully financed, 47 of 53 required regulatory approvals are secured, and it remains on track to close in August 2026.
Analysis · TWO · Real Estate & Construction
This filing announces the adjournment of the special stockholder meeting for the proposed acquisition by CrossCountry Mortgage. The need to adjourn to solicit additional proxies suggests the company has not yet secured sufficient shareholder votes for the $12.00 per share cash deal. This introduces a delay and a degree of uncertainty regarding the merger's approval, despite the board's continued unanimous recommendation.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 36.1% of the 1051 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.56%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, TWO was trading at $12.32 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $1.3B. The 52-week trading range was $8.78 to $14.17. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.