Altisource shareholders approve 8:1 reverse stock split; effective May 28

ALTISOURCE PORTFOLIO SOLUTIONS S.A.

88,951,925 pre-split shares will consolidate into ~11.1M shares; ratio of 1 post-split for every 8 pre-split shares.
Fractional shares will be cashed out at May 27 closing price; holders must have multiples of 8 by market close May 27 to avoid cash-out.
Reverse split aims to regain Nasdaq $1.00 minimum bid price compliance; all annual meeting directors and auditors elected/appointed.
Share capital reduced from $889,519.25 to $111,189.90 via par value decrease; proceeds allocated to share premium account.
Articles amended to set 33⅓% quorum minimum for all general meetings per Nasdaq Rule 5620(c).

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.