Altisource Announces Listing of Warrants on Nasdaq Global Select Market with Trading to Commence on May 7, 2025
Warrants Trading Announcement: Altisource Portfolio Solutions S.A. has announced that two types of warrants, Cash Exercise Stakeholder Warrants (ticker "ASPSZ") and Net Settle Stakeholder Warrants (ticker "ASPSW"), will commence trading on the Nasdaq Global Select Market starting May 7, 2025.
Warrant Details: Each warrant allows the purchase of 1.625 shares of common stock at an exercise price of $1.95, with specific conditions for exercising and expiration dates set for April 2, 2029, and April 30, 2032, respectively.
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Effect of Altisource 1-for-8 Share Consolidation on Publicly Traded Warrants
Share Consolidation Announcement: Altisource Portfolio Solutions has completed a reverse stock split at a ratio of 1-for-8, affecting its publicly traded warrants, which now have a decreased exercise rate and increased implied per share exercise price.
Warrant Exercise Details: The new warrant exercise terms specify that holders will receive 0.20313 shares of common stock upon exercising a warrant, with the effective exercise price rising to approximately $9.60, and fractional shares will not be issued.
Altisource Announces Listing of Warrants on Nasdaq Global Select Market with Trading to Commence on May 7, 2025
Warrants Trading Announcement: Altisource Portfolio Solutions S.A. has announced that two types of warrants, Cash Exercise Stakeholder Warrants (ticker "ASPSZ") and Net Settle Stakeholder Warrants (ticker "ASPSW"), will commence trading on the Nasdaq Global Select Market starting May 7, 2025.
Warrant Details: Each warrant allows the purchase of 1.625 shares of common stock at an exercise price of $1.95, with specific conditions for exercising and expiration dates set for April 2, 2029, and April 30, 2032, respectively.
Effect of Altisource 1-for-8 Share Consolidation on Publicly Traded Warrants
Share Consolidation Announcement: Altisource Portfolio Solutions has completed a reverse stock split at a ratio of 1-for-8, affecting its publicly traded warrants, which now have a decreased exercise rate and increased implied per share exercise price.
Warrant Exercise Details: The new warrant exercise terms specify that holders will receive 0.20313 shares of common stock upon exercising a warrant, with the effective exercise price rising to approximately $9.60, and fractional shares will not be issued.
Altisource Announces Listing of Warrants on Nasdaq Global Select Market with Trading to Commence on May 7, 2025
Warrants Trading Announcement: Altisource Portfolio Solutions S.A. has announced that two types of warrants, Cash Exercise Stakeholder Warrants (ticker "ASPSZ") and Net Settle Stakeholder Warrants (ticker "ASPSW"), will commence trading on the Nasdaq Global Select Market starting May 7, 2025.
Warrant Details: Each warrant allows the purchase of 1.625 shares of common stock at an exercise price of $1.95, with specific conditions for exercising and expiration dates set for April 2, 2029, and April 30, 2032, respectively.
