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Altisource Announces April 3, 2025 as Distribution Date for Stakeholder Warrants
Globenewswire· 2025-03-31 20:48
Core Viewpoint - Altisource Portfolio Solutions S.A. is set to distribute Stakeholder Warrants on April 3, 2025, following the satisfaction of necessary conditions, including shareholder approval and completion of related transactions [1] Summary of Warrant Distribution - The Warrant Distribution will provide two types of warrants to stakeholders, allowing them to purchase shares of Common Stock at an exercise price of $1.95 per Warrant, with each Warrant entitling the holder to purchase 1.625 shares [2][4] - The Cash Exercise Stakeholder Warrants will expire on April 2, 2029, while the Net Settle Stakeholder Warrants will expire on April 30, 2032 [3] Listing Information - The Company has applied to list the Cash Exercise Stakeholder Warrants and the Net Settle Stakeholder Warrants on the Nasdaq Global Select Market under the symbols ASPSZ and ASPSW, respectively [5]