{"filing":{"accession_number":"0001193125-26-369585","cik":"0001692376","ticker":"VEL","company_name":"Velocity Financial, Inc.","form":"8-K","filing_date":"2026-08-27","report_date":"2026-08-26","primary_document":"d277042d8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1692376/000119312526369585/d277042d8k.htm"},"events":[{"id":29907,"run_id":27405,"accession_number":"0001193125-26-369585","anchor_item_number":"1.01","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.98,"summary":"Velocity Financial entered into a definitive Equity Purchase Agreement on August 26, 2026, to acquire Toorak Capital's operating platform for approximately $62 million in base purchase price, with the transaction valued at approximately $3.2 billion including Velocity's assumption of management of Toorak's $3 billion business-purpose loan portfolio. The acquisition will materially scale Velocity's origination (+76%) and servicing (+39%) platforms, diversify its lending business, and expand geographic reach, with closing expected in Q4 2026 and accretion to GAAP earnings anticipated in 2027.","company_name":"Velocity Financial, Inc.","ticker":"VEL","filing_date":"2026-08-27","form":"8-K","submitted_at":null,"items":[{"id":32343,"accession_number":"0001193125-26-369585","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement.","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.98,"reasoning":"Velocity Financial entered into a definitive Equity Purchase Agreement on August 26, 2026, to acquire Toorak Capital's operating platform for approximately $62 million in base purchase price plus adjustments. This is a material acquisition that will make Toorak a wholly-owned subsidiary of Velocity, materially scaling the company's origination (+76%) and servicing (+39%) platforms and adding a capital-light, fee-based business. The transaction is expected to close in Q4 2026 and be accretive to GAAP earnings in 2027, representing a significant M\u0026A activity requiring Item 1.01 disclosure.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-27T11:42:40.483728+00:00","company_name":"","ticker":null,"filing_date":""},{"id":32344,"accession_number":"0001193125-26-369585","item_number":"7.01","item_title":"Regulation FD Disclosure.","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.98,"reasoning":"Velocity Financial announced a definitive agreement to acquire Toorak Capital's operating platform in a transaction valued at approximately $3.2 billion, with Velocity also entering into agreements to manage Toorak's $3 billion business-purpose loan portfolio. This constitutes a material acquisition that will meaningfully scale Velocity's origination (+76%) and servicing (+39%) platform, diversify its lending business, and expand geographic reach. The transaction is expected to close in Q4 2026 and be accretive to GAAP earnings in 2027.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-27T11:42:40.483728+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":32343,"accession_number":"0001193125-26-369585","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement.","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.98,"reasoning":"Velocity Financial entered into a definitive Equity Purchase Agreement on August 26, 2026, to acquire Toorak Capital's operating platform for approximately $62 million in base purchase price plus adjustments. This is a material acquisition that will make Toorak a wholly-owned subsidiary of Velocity, materially scaling the company's origination (+76%) and servicing (+39%) platforms and adding a capital-light, fee-based business. The transaction is expected to close in Q4 2026 and be accretive to GAAP earnings in 2027, representing a significant M\u0026A activity requiring Item 1.01 disclosure.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-27T11:42:40.483728+00:00","company_name":"Velocity Financial, Inc.","ticker":"VEL","filing_date":"2026-08-27"},{"id":32344,"accession_number":"0001193125-26-369585","item_number":"7.01","item_title":"Regulation FD Disclosure.","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.98,"reasoning":"Velocity Financial announced a definitive agreement to acquire Toorak Capital's operating platform in a transaction valued at approximately $3.2 billion, with Velocity also entering into agreements to manage Toorak's $3 billion business-purpose loan portfolio. This constitutes a material acquisition that will meaningfully scale Velocity's origination (+76%) and servicing (+39%) platform, diversify its lending business, and expand geographic reach. The transaction is expected to close in Q4 2026 and be accretive to GAAP earnings in 2027.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-27T11:42:40.483728+00:00","company_name":"Velocity Financial, Inc.","ticker":"VEL","filing_date":"2026-08-27"}]}