Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
ALTISOURCE PORTFOLIO SOLUTIONS S.A.: Cancelled nominal value of existing shares and decreased par value from US$1.00 to US$0.01 per share via share capital decrease (effective 2025-02-18).
- Change
- charter amendment
- Effective
- 2025-02-18
Exact text from the filing
The first Amendment amended Article 5 of the Prior Articles to (i) cancel the nominal value of all existing shares of Altisource’s common stock (the “Common Stock”), and (ii) decrease the par value of the Common Stock from US$1.00 per share to US$0.01 per share through a decrease of the share capital of the Company by an amount of thirty million four hundred and seventy-seven thousand fifty-seven and ninety-three cents United States Dollars (US$30,477,057.93) without cancellation of shares of Common Stock
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
ALTISOURCE PORTFOLIO SOLUTIONS S.A.: Increased authorized shares from 100,000,000 to 250,000,000 and renewed board authority to issue shares (effective 2025-02-18).
- Change
- charter amendment
- Effective
- 2025-02-18
Exact text from the filing
The second Amendment increased the number of shares the board of directors of Altisource (the “Board”) is authorized to issue from 100,000,000 to 250,000,000 and renewed the authority of the Board to issue shares by (i) amending Article 6 of the Prior Articles
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