secwatch.observer — SEC 8-K summary
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Issuer:     ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS)
CIK:        0001462418
Form:       8-K
Filed at:   2025-05-23T23:59:59+00:00
Accession:  0001462418-25-000085
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Altisource announces 1-for-8 reverse stock split effective May 28, 2025 to regain Nasdaq compliance
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- Reverse stock split at ratio 1-for-8 effective 12:01 a.m. CET on May 28, 2025.
- Outstanding shares reduced from ~88,951,925 to ~11,118,990 after consolidation.
- No fractional shares issued; cash in lieu paid based on May 27 closing price.
- Shareholders approved at May 13 EGM; board approved on March 16, 2025.
- Action intended to regain compliance with Nasdaq $1.00 minimum bid price requirement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462418/000146241825000085/0001462418-25-000085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462418/000146241825000085/asps-20250523.htm
  HTML page:      https://secwatch.observer/filing/0001462418-25-000085

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