Mat Ishbia’s plan to expand the public float and trading liquidity of UWM Holdings Corporation has come to an end as the company pursues its acquisition of Two Harbors Investment Corp., a deal designed in part to address long-standing investor concerns about the company’s tightly held share base.

The share sale program, implemented in 2025 in response to investor feedback, helped increase UWMC’s average daily trading volume to more than 16 million shares and expanded the company’s public float by more than 135 million shares since June 2025, according to a company statement.

The sales were conducted under a Rule details ⇒

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