ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS): Nasdaq/NYSE listing notice — Altisource receives Nasdaq deficiency notices for bid price and market value of public float

ALTISOURCE PORTFOLIO SOLUTIONS S.A.

Closing bid price below $1.00 for 30 consecutive days; must regain compliance by June 17, 2025.
Market value of publicly held shares below $15 million; compliance period ends June 18, 2025.
Company may transfer to Nasdaq Capital Market or effect reverse stock split to cure deficiencies.
Notices have no immediate effect; common stock continues trading on Nasdaq Global Select Market.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.99

ALTISOURCE PORTFOLIO SOLUTIONS S.A. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5450(a)(1), 5810(c)(3)(A)

Exact text from the filing

December 19, 2024, Altisource Portfolio Solutions S.A. (the “Company”) received a letter (the “Bid Price Notice”) from The Nasdaq Stock Market (“Nasdaq”) notifying the Company that, because the closing bid price for its common stock has been below $1.00 per share for 30 consecutive business days, it no longer complies with the minimum bid price requirement for continued listing on The Nasdaq Global Select Market. Nasdaq Listing Rule 5450(a)(1) requires listed securities to maintain a minimum bid price of $1.00 per share (the “Minimum Bid Price Rule”), and Nasdaq Listing Rule 5810(c)(3)(A) prov

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Source: SEC EDGAR

accession 0001462418-24-000057

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