secwatch.observer — SEC 8-K summary
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Issuer:     ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS)
CIK:        0001462418
Form:       8-K
Filed at:   2023-09-08T23:59:59+00:00
Accession:  0001462418-23-000060
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462418/000146241823000060/0001462418-23-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462418/000146241823000060/asps-20230908.htm
  HTML page:      https://secwatch.observer/filing/0001462418-23-000060

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