Rocket Companies Announces Up-C Collapse Restructuring Plan

Rocket Companies ( (RKT) ) has shared an update.

On March 9, 2025, Rocket Companies announced a significant restructuring plan known as the Up-C Collapse, which involves a series of mergers and reorganizations to streamline its corporate structure. This plan will consolidate voting power and economic rights, allowing public stockholders and key stakeholders like Mr. Gilbert to participate directly in the company’s economics through common stock ownership. The restructuring is expected to maintain Rocket Companies as a ‘controlled company’ under NYSE rules, with Mr. Gilbert retaining a majority of the voting power. Additionally, Rocket Companies has entered into a merger agreement to acquire Redfin Corporation, which is subject to various approvals and conditions. This acquisition aims to enhance Rocket’s market position and operational capabilities, although it carries potential risks and uncertainties related to integration and market reactions.

More about Rocket Companies

Rocket Companies operates in the financial services industry, focusing on mortgage lending and related services. Its primary products include mortgage loans and financial services, with a market focus on providing innovative solutions for home buyers and homeowners.

YTD Price Performance: 45.35%

Average Trading Volume: 3,718,867

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $31.48B

For an in-depth examination of RKT stock, go to TipRanks’ Stock Analysis page.