other material
confidence high
sentiment neutral
materiality 0.75
Altisource closes $21.2M public offering of 4.55M shares at $5.00/share
ALTISOURCE PORTFOLIO SOLUTIONS S.A.
- Closed underwritten offering of 4,550,000 shares at $5.00/share, generating net proceeds of ~$21.2M after underwriting discounts and expenses.
- Guggenheim Securities acted as sole book-running manager for the offering.
- Net proceeds will be used for debt repayment and working capital; entirety may go toward debt repayment.
- Shares offered under effective shelf registration statement (File No. 333-268761).