other_material
confidence high
sentiment neutral
materiality 0.55
Altisource Portfolio Solutions announces 1-for-8 reverse stock split to regain Nasdaq compliance
ALTISOURCE PORTFOLIO SOLUTIONS S.A.
- Effective 12:01 a.m. CET on May 28, 2025, shares consolidate at 1-for-8 ratio.
- Outstanding shares reduced from ~88.95 million to ~11.12 million; symbol ASPS unchanged.
- Intended to meet Nasdaq minimum $1.00 bid price requirement for continued listing.
- No fractional shares issued; holders otherwise entitled receive cash in lieu.
- Board approved March 16, shareholders approved May 13, 2025.
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