IMC Mortgage Co. on Wednesday reported a net loss of $100 million for 1998, and said it has received notice that its common stock will be removed from the Nasdaq board on April 14, for failing to maintain a share price of at least $1.

The company said Feb. 22 that it plans to merge with a subsidiary of Greenwich Street Capital Partners, a Citigroup-managed fund that has provided IMC with equity in the past year.

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