Mr Cooper Group Inc (COOP)

[Evintos]

Price reflects the uncertainty of the upcoming deadline for the Preferred B shares as well as the lack of a qualified acquisition.

I expected either a qualified acquisition or multiple smaller acquisitions before it got to this point.

The only way out that doesn't require renegotiation of the Series B terms is:

January 5, 2018, unless extended as described in the immediately succeeding paragraph.

If, prior to the Mandatory Redemption Date, we have publicly announced that we have entered into a definitive agreement for an Acquisition, the Mandatory Redemption Date shall be extended to the earlier to occur of:

• July 5, 2018;

• the day immediately following (x) the date such definitive agreement is terminated or (y) the date such Acquisition is closed.

https://www.sec.gov/Archives/edgar/data/933136/000119312514448569/d839695dex101.htm