UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
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| Item 8.01 | Other Events. |
On January 5, 2023, Broadmark Realty Capital Inc. (the “Company”) received a notification letter from NYSE Regulation that NYSE Regulation determined to commence proceedings to delist the Company’s warrants (ticker symbol BRMK WS), each exercisable for one fourth (1/4th) share of the Company’s common stock at an exercise price of $2.875 per one fourth (1/4th) share (the “Warrants”), from the NYSE American exchange, and that the trading in the Warrants on the NYSE American exchange has been suspended, as NYSE Regulation determined the Warrants’ trading price to be no longer suitable for listing pursuant to Section 1001 of the NYSE American Company Guide due to the Warrants’ low trading price. The notification letter from the NYSE confirms that the Company’s common stock (ticker symbol BRMK) will continue to be listed and traded on the New York Stock Exchange.
The Company notes that the NYSE American exchange issued a press release on January 5, 2023 relating to the above. That press release contained a single, mistaken reference to delisting the Company’s common stock, rather than the Warrants. The Company conferred with NYSE Regulation, who confirmed that such reference to the Company’s common stock was a ministerial error and should have referred to the Warrants, as set forth in all other references in such press release.
On January 6, 2023, the Company issued a press release announcing receipt of the letter from NYSE Regulation regarding the delisting and suspension of trading in the Warrants. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated by reference herein.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit No. | Description | |
| 99.1 | Press Release, dated January 6, 2023. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
Signatures
Pursuant to the requirements of the Exchange Act, the registrant has duly caused this report to be signed by the undersigned hereunto duly authorized.
| BROADMARK REALTY CAPITAL INC. | ||
| Date: January 6, 2023 | By: | /s/ Nevin Boparai |
| Name: | Nevin Boparai | |
| Title: | Executive Vice President and Chief Legal Officer | |