Stocks in play: Standard Mercantile Acquisition Corp.

Released its financial results for the quarter ended March 31, 2022. Income from operations for the quarter was higher than same quarter last year due to lower revenue of $69,000 compared to same period last year, as a result of reduced mortgage portfolio as the mortgage monetization strategy continues, offset by lower expenses related to share-based compensation expense of $55,000 and lower general and administrative expenses of $29,000 compared to same period last year. Basic income per share from the three months ended March 31, 2022 was $0.01 compared to $0.01 in the same period in 2021. Standard Mercantile Acquisition Corp. shares T.SMA are trading unchanged at $1.26.

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