Impac Mortgage Holdings, Inc. Announces Pricing of Follow-On Offering of Common Stock
September 16 2016 - 9:00AM
Impac Mortgage Holdings, Inc. (NYSE MKT:IMH) (the “Company” or
“Impac”) announced today the pricing of its public follow-on
offering of 3,000,000 shares of common stock at a public offering
price of $13.00 per share. The number of shares sold represents a
20% increase of the shares offered beyond what was included in the
preliminary prospectus supplement. Gross proceeds to Impac
are expected to be approximately $39.0 million before deducting
underwriter discounts and commissions and estimated expenses
payable by Impac. In addition, the Company has granted the
underwriter a 30-day option to purchase up to an additional 450,000
shares of common stock offered in the public offering on the same
terms and conditions to cover over-allotments, if any.
JMP Securities LLC is acting as sole
book-running manager for the offering. The offering is
expected to close on or about September 21, 2016, subject to
customary closing conditions.
A registration statement relating to these
securities was filed with the U.S. Securities and Exchange
Commission (the “SEC”) on May 28, 2015 and declared effective on
June 16, 2015. The offering is being made only by means of a
written prospectus and prospectus supplement that form a part of
the registration statement. Before you invest, you should
read the prospectus in that registration statement, the preliminary
prospectus supplement and other documents the Company has filed
with the SEC for more complete information about the Company and
this offering. You may obtain copies of these documents for
free by visiting EDGAR on the SEC Web site at www.sec.gov. A
final prospectus supplement related to the offering will be filed
with the SEC. When available, copies of the final prospectus
supplement and the accompanying prospectus relating to the
securities being offered may also be obtained by contacting JMP
Securities LLC, Attention: Prospectus Department, 600 Montgomery
Street, 10th Floor, San Francisco, California 94111, or by
telephone at (415) 835-8985 or email:
syndicate@jmpsecurities.com.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy nor shall there be
any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction. The securities being offered have not
been approved or disapproved by any regulatory authority, nor has
any such authority passed upon the accuracy or adequacy of the
registration statement, the prospectus contained therein or the
prospectus supplement.
About the CompanyImpac Mortgage
Holdings, Inc. (IMH or Impac) provides innovative mortgage lending
and warehouse lending solutions, as well as real estate solutions
that address the challenges of today’s economic environment.
Impac’s operations include mortgage and warehouse lending,
servicing, portfolio loss mitigation and real estate services as
well as the management of the securitized long-term mortgage
portfolio, which includes the residual interests in
securitizations.
For additional information, questions or
comments, please call Justin Moisio, VP Investor Relations, at
(949) 475-3988 or email Justin.Moisio@ImpacMail.com. Web site:
http://ir.impaccompanies.com or www.impaccompanies.com
Contact
Impac Mortgage Holdings, Inc.
Justin Moisio, (949) 475-3988
VP Investor Relations
Justin.Moisio@ImpacMail.com