Broadmark Realty Capital Announces Receipt of Letter From NYSE Regulation Regarding Low Selling Price of Its Warrants
January 06 2023 - 6:00AM
Business Wire
Broadmark Realty Capital Inc. (NYSE: BRMK) (the
“Company”), an internally managed secured real estate finance
company, today announced that on January 5, 2023 it had received a
letter from NYSE Regulation indicating that NYSE Regulation has
determined to commence proceedings to delist the Company’s warrants
from the NYSE American exchange and that trading in the warrants
has been suspended. Specifically, the letter stated that the
warrants are no longer suitable for listing based on low selling
price levels, pursuant to Section 1001 of the NYSE American Company
Guide. The notification letter confirms that the Company’s common
stock (ticker symbol BRMK) will continue to be traded on the New
York Stock Exchange.P
About Broadmark Realty Capital
Broadmark Realty Capital Inc. (NYSE: BRMK) is a specialty real
estate finance company, providing financing solutions generally in
the $5 to $75 million range per transaction. The company provides
smart, reliable, rapid solutions across the entire debt capital
stack, including senior, subordinate, and participation investments
with fixed and floating rate structures available. Broadmark
invests in a variety of new construction and existing properties
across all asset classes throughout the United States, including
hotel, industrial, medical, mixed-use, office, retail,
self-storage, warehouse, multifamily, senior living, student
housing, condos, larger scaled single-family, townhome, and
multiplex. It has the competitive advantage of being an internally
managed balance sheet lender, and the company’s proactive approach
delivers dedicated in-house underwriting, asset management, loan
servicing, and draw administration.
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