---
schema_version: "secwatch.filing_event.v1"
accession: "0001462418-23-000060"
form_type: "8-K"
ticker: "ASPS"
cik: "0001462418"
company_name: "ALTISOURCE PORTFOLIO SOLUTIONS S.A."
filed_at: "2023-09-08T23:59:59+00:00"
generated_at: "2026-06-10T22:05:59.183520+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Altisource prices $17.5M public offering of 4.86M shares at $3.60; net proceeds to repay $10M debt

## Summary
- Gross proceeds of $17.5M from 4,861,111 common shares at $3.60/share; net proceeds ~$15.8M after expenses.
- Proceeds to be used for general corporate purposes, including repayment of $10M of credit agreement debt.
- Underwriters granted 30-day option to purchase up to 729,166 additional shares at the offering price.
- Directors and executive officers entered lock-up agreements prohibiting share sales until December 7, 2023.
- Offering expected to close on or about September 12, 2023, subject to customary closing conditions.

## SEC filing metadata
- accession: 0001462418-23-000060
- form_type: 8-K
- ticker: ASPS
- cik: 0001462418
- company_name: ALTISOURCE PORTFOLIO SOLUTIONS S.A.
- filed_at: 2023-09-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1462418/000146241823000060/0001462418-23-000060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1462418/000146241823000060/asps-20230908.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001462418-23-000060
- JSON: https://secwatch.observer/filing/0001462418-23-000060.json
- Plain text: https://secwatch.observer/filing/0001462418-23-000060.txt

## Key facts
- Material Agreements
  ALTISOURCE PORTFOLIO SOLUTIONS S.A. entered into Underwriting Agreement with B. Riley Securities, Inc (effective 2023-09-07).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: B. Riley Securities, Inc
  - Effective: 2023-09-07
  source text: On September 7, 2023 , Altisource Portfolio Solutions S.A. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with B. Riley Securities, Inc (the “Representative”), as sole book-running manager and representative of the underwriters named therein (the “Underwriters”), relating to an underwritten public offering (the “Offering”) of 4,861,111 shares of the Company’s common stock (“Common Stock”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1462418/000146241823000060/0001462418-23-000060-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.