other material
confidence high
sentiment neutral
materiality 0.65
Altisource sets April 3, 2025 as distribution date for stakeholder warrants; each warrant to buy 1.625 shares at $1.95
ALTISOURCE PORTFOLIO SOLUTIONS S.A.
- Warrant distribution date is April 3, 2025; record date was Feb 14, 2025.
- Each stakeholder receives one Cash Exercise and one Net Settle warrant per eligible share, RSU, or Penny Warrant.
- Each warrant to purchase 1.625 common shares at $1.95 per warrant (implied $1.20 per share).
- Exercise begins July 2, 2025 or when VWAP >= $1.20 for 15 consecutive trading days.
- Cash warrants expire Apr 2, 2029; net settle warrants expire Apr 30, 2032; listing applied under ASPSZ and ASPSW.