Company: RWT-PA
Filing Date: 2025-11-07
Form Type: 8-K
Source: 0001104659-25-108582
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Company: REDWOOD TRUST INC
Filing Date: 2025-11-07
Form: 8-K
Item: Item 8.01
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Item 8.01

Other Events.

Filing of Prospectus Supplement

On March 3, 2025, Redwood Trust, Inc.
(the “ Company”) filed a shelf registration statement Form S-3 (the “ New Registration Statement”) with the
Securities and Exchange Commission (the “ SEC”) to replace their existing automatic shelf registration statement on Form S-3ASR
(No. 333-267440) filed with the SEC on March 4, 2022 (the “ Prior Registration Statement”). Upon effectiveness of
the New Registration Statement on March 3, 2025, the Prior Registration Statement was deemed terminated.

In connection with the filing of the New Registration
Statement, on November 7, 2025, the Company filed with the SEC a prospectus supplement (the “ ATM Prospectus Supplement”)
relating to its existing “at-the-market” equity offering of shares of the Company’s common stock, par value $0.01 per
share (“ Common Stock”) having an aggregate gross sales price of up to $175,000,000 (the “ ATM Program”).

In connection with the filing of the prospectus
supplement, the Company is filing as Exhibit 5.1 hereto an opinion of its Maryland counsel, Venable LLP, regarding the legality of
the validity of the securities being registered under the prospectus supplement.

Entry into Amended Distribution Agreement

On November 7, 2025, the Company entered
into Amendment No. 2 (the “ Amendment”) to its distribution agreement (as amended, the “ Agreement”) with BTIG,
LLC, Citizens JMP Securities, LLC, Goldman Sachs & Co. LLC, J. P. Morgan Securities LLC and Wells Fargo Securities, LLC, as the
Company’s sales agents (each, individually, an “ Agent” and collectively, the “ Agents”).

The purpose of the Amendment was to contemplate
the sale of shares of Common Stock under the Agreement pursuant to the New Registration Statement and the ATM Prospectus Supplement. The
material terms of the Agreement, including the aggregate gross sales price of shares of Common Stock that may be offered and sold from
time to time, otherwise remain unchanged. The foregoing description of the Amendment is qualified in its entirety by reference to the
Amendment filed as Exhibit 1.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.