Impac Mortgage Holdings Inc. has generated more than $50 million in cash from a common stock offering that will be used to expand and securitize.
The Irvine, California-based non-bank mortgage banker disclosed Tuesday that it sold $56 million in a registered direct offering.
Among the investors of the common shares were existing shareholders Talkot Capital LLC and certain entities affiliated with Richard or Todd Pickup.
Source: Mortgage Daily
