other material
confidence high
sentiment neutral
materiality 0.35
Altisource shareholders approve par value reduction and increase in authorized shares
ALTISOURCE PORTFOLIO SOLUTIONS S.A.
- Par value reduced from $1.00 to $0.01 per share; share capital decreased by $30.48M.
- Authorized shares increased from 100M to 250M, and board's issuance authority renewed for 5 years.
- Changes approved at extraordinary general meeting on February 18, 2025.
- Reduction of nominal value and capital allocated to share premium account.