other material
confidence high
sentiment neutral
materiality 0.50
Altisource proposes distribution of warrants to common stock holders; record date Feb 14, 2025
ALTISOURCE PORTFOLIO SOLUTIONS S.A.
- Record holders as of Feb 14, 2025 of common stock, RSUs, and $0.01 warrants to receive two types of warrants.
- Each warrant entitles holder to purchase 1.625 shares of common stock at an initial exercise price of $1.95 per warrant ($1.20 per share).
- Cash Exercise Stakeholder Warrants require cash payment; Net Settle Stakeholder Warrants are cashless exercise.
- Distribution contingent on shareholder approval of proposals in Jan 3, 2025 proxy and completion of related transactions.
- Company intends to list both warrant classes on Nasdaq Global Select Market; distribution date targeted by April 15, 2025.