secwatch.observer — SEC 8-K summary
======================================

Issuer:     ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS)
CIK:        0001462418
Form:       8-K
Filed at:   2025-04-02T23:59:59+00:00
Accession:  0001462418-25-000065
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Altisource sets April 3, 2025 as distribution date for stakeholder warrants; each warrant to buy 1.625 shares at $1.95
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462418/000146241825000065/0001462418-25-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462418/000146241825000065/asps-20250331.htm
  HTML page:      https://secwatch.observer/filing/0001462418-25-000065

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer