secwatch.observer — SEC 8-K summary
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Issuer:     ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS)
CIK:        0001462418
Form:       8-K
Filed at:   2025-05-13T23:59:59+00:00
Accession:  0001462418-25-000080
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462418/000146241825000080/0001462418-25-000080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462418/000146241825000080/asps-20250513.htm
  HTML page:      https://secwatch.observer/filing/0001462418-25-000080

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