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).
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