other material
confidence high
sentiment neutral
materiality 0.55
Altisource announces proposed public offering of common stock; B. Riley Securities sole book-runner
ALTISOURCE PORTFOLIO SOLUTIONS S.A.
- Underwritten public offering of common stock commenced; size and terms not yet determined.
- Proceeds to be used for general corporate purposes including repayment of certain indebtedness.
- Underwriters granted 30-day option to purchase up to an additional 15% of shares offered.
- Offering subject to market conditions; no assurance of completion or final terms.
- Offered pursuant to effective shelf registration statement (File No. 333-268761).