TWO shares are now delisted and no longer trade on the NYSE. Shareholders who have not yet tendered their shares should contact the paying agent to receive the $12.00 cash consideration. There is no further trading opportunity in this security.
Price Chart
Executive Summary
Two Harbors Investment Corp. (TWO) has been acquired by an affiliate of CrossCountry Mortgage, LLC in a merger that closed on August 25, 2026. Each common share was converted into $12.00 in cash, and the NYSE has filed a Form 25-NSE to delist the stock effective September 8, 2026. Trading was suspended immediately on the closing date. This filing confirms the final step in the going-private transaction, eliminating any further public market for TWO shares.
Key Facts
- Merger closed on August 25, 2026, with Two Harbors merging into a subsidiary of CrossCountry Mortgage, LLC.
- Each share of common stock converted into $12.00 in cash, with no interest and less any applicable fees and taxes.
- NYSE filed Form 25-NSE to delist TWO shares, effective September 8, 2026.
- Trading in TWO was suspended on August 25, 2026, the merger closing date.
Financial Impact
Shareholders received $12.00 per share in cash, representing the full and final consideration for the merger.
Risk Factors
- No further liquidity for TWO shares; all remaining holders must accept the cash-out merger consideration.
- Potential disputes over the $12.00 per share valuation if shareholders believe it undervalues the company.
- Delisting eliminates any future public market recovery for TWO.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 25-NSE Filing (Primary) | 0000876661-26-000705 |
| Document: 0000876661-26-000705-index.html | 0000876661-26-000705 |
| Document: 0000876661-26-000705.txt | 0000876661-26-000705 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 25, 2026 5w ago | 8-K | $12.18 awaiting T+5 | awaiting T+5 | โ | โ |
Aug 25, 2026 5w ago | 25-NSE | $12.18 awaiting T+5 | awaiting T+5 | โ | โ |
Aug 3, 2026 8w ago | 8-K | $12.05 $12.03 | โผ โ0.17% | โผ โ2.19% | โ |
Jul 28, 2026 9w ago | 8-K | $12.10 $12.03 | โผ โ0.58% | โผ โ6.11% | โ |
Jun 23, 2026 14w ago | DEFA14A | $12.37 $12.35 | โผ โ0.16% | โผ โ1.87% | โ |
Jun 23, 2026 14w ago | 8-K | $12.37 $12.35 | โผ โ0.16% | โผ โ1.87% | โ |
Jun 15, 2026 15w ago | DEFA14A | $12.26 $12.32 | โผ โ0.49% | โผ โ2.72% | โ |
Jun 15, 2026 15w ago | DEFA14A | $12.24 $12.22 | โผ โ0.16% | โฒ +1.22% | โ |
Jun 15, 2026 15w ago | DEFA14A | $12.24 $12.22 | โผ โ0.16% | โฒ +1.22% | โ |
US Market Status
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