secwatch.observer — SEC 8-K summary
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Issuer:     ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS)
CIK:        0001462418
Form:       8-K
Filed at:   2023-02-10T23:59:59+00:00
Accession:  0001462418-23-000010
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Altisource prices $20M public stock offering at $5.00/share, net proceeds ~$18.2M
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- 4,000,000 shares at $5.00/share; gross proceeds $20M, net ~$18.2M after underwriting discounts and expenses.
- Underwriters granted a 30-day option to purchase up to an additional 600,000 shares at the same price.
- Net proceeds intended for repayment of certain indebtedness and working capital; potentially all for debt repayment.
- Offering expected to close on or about February 14, 2023; lock-up agreements for directors and officers until May 11, 2023.
- Guggenheim Securities, LLC acting as sole book-running manager for the offering.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462418/000146241823000010/0001462418-23-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462418/000146241823000010/asps-20230210.htm
  HTML page:      https://secwatch.observer/filing/0001462418-23-000010

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