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."
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