UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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| Item 3.01 | Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. |
On April 26, 2023, Impac Mortgage Holdings, Inc. (the “Company”) received written notification from the NYSE American, LLC (the “NYSE American”) that the NYSE American has commenced proceedings to delist the Company’s common stock from the exchange. The NYSE American also immediately suspended trading in the Company’s common stock upon such notification. The Company does not intend to appeal the NYSE American’s determination.
The NYSE American indicated that because the Company is not in compliance with the $2 million, $4 million and $6 million shareholders’ equity requirements of Section 1003(a)(i), (ii) and (iii) of the NYSE American Company Guide and because the Company informed the NYSE American in its required quarterly plan update that it cannot continue to demonstrate an ability to return to compliance by February 26, 2024, which was the date the NYSE American originally granted the Company to regain compliance with the NYSE American’s continued listing standards, delisting is appropriate.
Following delisting, the Company anticipates that its common stock will commence trading effective April 27, 2023 on the OTC Pink under the symbol “IMPM.”
SIGNATURES
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.
| IMPAC MORTGAGE HOLDINGS, INC. | ||
| Date: April 26, 2023 | ||
| By: | /s/ Joseph Joffrion | |
| Name: | Joseph Joffrion | |
| Title: | General Counsel | |