LDI 8-K
loanDepot, Inc. (LDI)
8-K
2026-08-21
For: 2026-08-21
View Original
Added on
August 21, 2026
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________
FORM 8-K
_____________________
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (or date of earliest event reported): August 21, 2026
_____________________
(Exact Name of Registrant as Specified in its Charter)
_____________________
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification Number) | ||||||||||||
(Address of Principal Executive Offices) (Zip Code)
Registrant’s telephone number, including area code: (888) 337-6888
_____________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | ||||||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | ||||||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | ||||||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | ||||||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On August 21, 2026, loanDepot, Inc. (the "Company") received a written notice (the "Notice") from the New York Stock Exchange (the "NYSE") that it was not in compliance with the continued listing standard set forth in Section 802.01C of the NYSE's Listed Company Manual ("Section 802.01C"), because the average closing price of the Company's Class A Common Stock (the "Common Stock"), was less than $1.00 per share over a consecutive 30 trading-day period. The Notice has no immediate impact on the listing of the Company's Common Stock on the NYSE, subject to the Company’s compliance with the NYSE’s other continued listing requirements. The Notice does not affect the Company’s business operations or its reporting obligations with the Securities and Exchange Commission.
Pursuant to Section 802.01C, the Company has a period of six months following the receipt of the Notice to regain compliance with the minimum share price requirement. The Company may regain compliance at any time during the six-month cure period if, on the last trading day of any calendar month during the six-month cure period, the Common Stock has a closing share price of at least $1.00 and an average closing share price of at least $1.00 over the 30 trading-day period ending on the last trading day of that month. If the Company is unable to regain compliance with the $1.00 share price rule within this period, the NYSE will initiate procedures to suspend and delist the Common Stock. However, if the Company determines that it will cure the price condition by taking an action that will require shareholder approval, the Company must so inform the NYSE and must obtain shareholder approval no later than its next annual meeting of stockholders, and must implement the action promptly thereafter.
Section 802.01C requires the Company to notify the NYSE, within 10 business days of receipt of the Notice, of its intent to cure this deficiency. The Company intends to notify the NYSE of its intent to regain compliance with the requirements of Section 802.01C within such time period.
Item 7.01 Regulation FD Disclosure
On August 21, 2026, the Company issued a press release (the “NYSE Compliance Press Release”) related to the foregoing. A copy of the NYSE Compliance Press Release is attached as Exhibit 99.1 to this Current Report and is incorporated by reference to this Item 7.01.
The information in this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and is not to be incorporated by reference into any filing by Company under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language contained in such filing, unless otherwise expressly stated in such filing.
Forward-Looking Statements
This Current Report on Form 8-K may contain forward-looking statements that include, but are not limited to, statements relating to the Company’s ability to maintain the listing of its Common Stock on the NYSE, its intentions regarding regaining compliance with the minimum price condition of NYSE and the Company’s intended methods to cure such related deficiency as well as the Company’s anticipated business and financial performance. These forward-looking statements are based on current available operating, financial, economic and other information, and are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict, including but not limited to, the following: our ability to regain compliance with the minimum price condition of NYSE and cure such related deficiency; our ability to maintain listing on the NYSE; our ability to achieve the expected benefits of our strategic plans and priorities and the success of other business initiatives; our ability to achieve profitability; our ability to maintain an operating platform and management system sufficient to conduct our business; our ability to maintain warehouse lines of credit and other sources of capital and liquidity; adverse changes in macroeconomic and U.S. residential real estate and mortgage market conditions, including changes in interest rates, changes in global trade policy and tariffs, and geopolitical tensions and conflicts; our ability to address, repay and/or refinance our senior notes; and other risks detailed in the "Risk Factors" section of loanDepot, Inc.'s Annual Report on Form 10-K for the year ended December 31, 2025, as well as any subsequent filings with the Securities and Exchange Commission. Therefore, current plans, anticipated actions, and financial results, may differ materially from what is expressed or forecasted in any forward-looking statement. loanDepot does not undertake any obligation to publicly update or revise any forward-looking statement to reflect future events or circumstances, except as required by applicable law.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | ||||
| 99.1 | |||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | ||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| loanDepot, Inc. | ||||||||
| By: | /s/ David Hayes | |||||||
| Name: David Hayes | ||||||||
| Title: Chief Financial Officer | ||||||||
Date: August 21, 2026
loanDepot, Inc. Addresses Notice of NYSE Trading Price Non-Compliance
•No immediate impact on listing of loanDepot’s Class A common stock or business operations
•Company intends to cure the deficiency and return to compliance with the NYSE listing standard
IRVINE, Calif.--(BUSINESS WIRE)-- loanDepot, Inc. (NYSE: LDI) (together with its subsidiaries, “loanDepot”) today announced that on August 21, it received a deficiency letter from the New York Stock Exchange (the “NYSE”) notifying loanDepot that it is not in compliance with applicable price criteria in the NYSE’s continued listing standards.
“As we continue to execute our transformation agenda to position loanDepot for profitable market share growth, we are making significant progress. In the last quarter, unit volume grew by 25%, revenue grew by 18%, and purchase market share grew by 33%. We executed a successful and strategic expansion into home equity lending, at scale, and re-entered the wholesale market,” said loanDepot Founder and Chief Executive Officer Anthony Hsieh. “We are making more loans, making them faster, and producing them at a lower cost. By continuously leveraging our unique assets, including one of the most differentiated customer acquisition and retention business models in the marketplace today, and by prudently and actively managing our capital and debt obligations, we believe we can create sustainable stockholder value. As we do that, we expect our stock price to reflect our success.”
This notice has no immediate impact on the ability of loanDepot’s Class A common stock to continue to trade on the NYSE during the cure period. Furthermore, there is no immediate impact on the ongoing business operations of loanDepot or its reporting requirements with the U.S. Securities and Exchange Commission.
The notice was received because as of August 20, 2026, the average closing price of loanDepot’s Class A Common Stock (the “Common Stock”) was less than $1.00 per share over a consecutive 30 trading-day period (the “Notice”).
loanDepot will respond to the NYSE within ten business days of receipt of the notice of its intent to cure the deficiency. Pursuant to the applicable NYSE rules, loanDepot has a six-month period following receipt of the Notice to bring its share price and average share price back above $1.00. LoanDepot will consider available alternatives to cure the stock price non-compliance, including, if necessary, a reverse stock split that would be subject to stockholder approval no later than at loanDepot’s next annual meeting of stockholders anticipated for early June 2027.
Forward Looking Statements
This press release contains forward-looking statements that can be identified by the fact that they do not relate strictly to historical or current facts and may contain the words “believe,” “aim,” “anticipate,” “expect,” “goal,” “intend,” “plan,” “predict,” “estimate,” “project,” “will be,” “will continue,” “will likely result,” or other similar words and phrases or future or conditional verbs such as “will,” “may,” “might,” “should,” “would,” or “could” and the negatives of those terms. Examples of forward-looking statements include, but are not limited to, statements relating to the Company’s ability to maintain the listing of its Common Stock on the NYSE, its intentions regarding regaining compliance with the minimum price condition of NYSE, the Company’s intended methods to cure such related deficiency, its ability to create stockholder value, and stock price expectations, as well as the Company’s anticipated business and financial performance, unique assets, capital management strategies, and profitable market share growth.
These forward-looking statements are based on current available operating, financial, economic and other information, and are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict, including but not limited to, the following: our ability to regain compliance with the minimum price condition of NYSE and cure such related deficiency; our ability to maintain listing on the NYSE; our ability to achieve the expected benefits of our strategic plans and priorities and the success of other business initiatives; our ability to effectively manage our capital and debt obligations, including by executing bond repurchases; our ability to achieve profitability; our loan production volume; our ability to maintain an operating platform and management system sufficient to conduct our business; our ability to maintain warehouse lines of credit and other sources of capital and liquidity; our ability to effectively utilize artificial intelligence and emerging technologies; adverse changes in macroeconomic and U.S residential real estate and mortgage market conditions, including changes in interest rates, changes in global trade policy and tariffs, geopolitical tensions and conflicts; our ability to address, repay and/or refinance our senior notes; and other risks detailed in the "Risk Factors" section of loanDepot, Inc.'s Annual Report on Form 10-K for the year ended December 31, 2025, as well as any subsequent filings with the Securities and Exchange Commission. Therefore, current plans, anticipated actions, and financial results, as well as the anticipated development of the industry, may differ materially from what is expressed or forecasted in any forward-looking statement. loanDepot does not undertake any obligation to publicly update or revise any forward-looking statement to reflect future events or circumstances, except as required by applicable law.
About loanDepot
Since its launch in 2010, loanDepot (NYSE: LDI) has revolutionized the mortgage industry with digital innovations that make transacting easier, faster and less stressful for customers and originators alike. The company, which is licensed in all 50 states, helps its customers achieve the American dream of homeownership through a broad suite of lending and real estate services that
simplify one of life’s most complex transactions. loanDepot is also committed to serving the communities in which its team lives and works through a variety of local and national philanthropic efforts.
LDI-IR
Investor Contact:
Gerhard Erdelji
Senior Vice President, Investor Relations
loanDepot
(949) 822-4074 | [email protected]
Media Contact:
Rebecca Anderson
Senior Vice President, Strategic Communications and Public Relations
loanDepot
(949) 822-4024 | [email protected]
Gerhard Erdelji
Senior Vice President, Investor Relations
loanDepot
(949) 822-4074 | [email protected]
Media Contact:
Rebecca Anderson
Senior Vice President, Strategic Communications and Public Relations
loanDepot
(949) 822-4024 | [email protected]