Waterfall Victoria Master Fund, Ltd, managed by Waterfall Asset Management, LLC entered into a definitive agreement to acquire Home Point Asset Management LLC from Home Point Capital Inc. (NasdaqGS:HMPT) on August 9, 2022. Home Point Asset Management was acquired for the estimated tangible book value of the Acquired Companies plus an immaterial cash amount. The Transaction is subject to customary closing conditions, including regulatory approvals and notices. The Transaction is expected to close in the second half of 2022. As of November 14, 2022, the transaction is expected to close in the fourth quarter of 2022. Mike Kessler, David A. Brown, Brian D. Harvel, Blake C. MacKay, Brett E. Coburn, Kerry T. Wenzel, Eileen Scofield and Patrick Hanchey of Alston & Bird LLP acted as legal advisor to Waterfall Victoria Master Fund, Ltd.

Waterfall Victoria Master Fund, Ltd, managed by Waterfall Asset Management, LLC completed the acquisition of Home Point Asset Management LLC from Home Point Capital Inc. (NasdaqGS:HMPT) for $3.2 million on December 2, 2022.