NYSE American

Impac Mortgage’s common stock has been delisted from the New York Stock Exchange as the lender switches gears. In an announcement Wednesday, officials at the exchange said Impac’s stock would be suspended immediately while the delisting proceedings are underway. According to NYSE, Impac is not in compliance with the $2 million, $4 million, and $6 million shareholders’ equity requirements (Section 1003(a)(i), (ii) and (iii) of the NYSE American Company Guide). “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,…