Altisource Announces Shareholder Approval of Reverse Stock Split and Treatment of Fractional Shares
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 13 2025
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Source: Globenewswire
Shareholder Action Required: Altisource Portfolio Solutions has announced a reverse stock split where every eight shares will be consolidated into one, effective May 28, 2025. Shareholders must hold shares in multiples of eight by May 27, 2025, to avoid receiving cash for fractional shares.
Compliance and Risks: The consolidation aims to help the company meet Nasdaq's minimum bid price requirement. The announcement includes forward-looking statements about potential risks and uncertainties affecting future performance.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
