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Re: None

Friday, 11/04/2022 8:12:45 AM

Friday, November 04, 2022 8:12:45 AM

Post# of 182
Impac's Largest Asset



The DTA comes with a valuation allowance. Full or partial reversal of this valuation allowance creates instant book value and income recorded as earnings per share. Impac will have about 34.2 million diluted shares after restructuring is complete.

Current share count: 21.5M
+ IMPHO New Shares 1,405k x 1.25 = 1.76M
+ IMPHP New Shares 665k x 13.33 = 8.9M
+ Warrants 1,405k x 1.5 = 2.1M
--------------------------------------
Total 34.2 M diluted shares

$257.3 M/ 34.2M shares =
$7.52 DTA per Share