Altisource Confirms New Warrant Listings on Nasdaq
Warrants to Trade Under Tickers ASPSZ and ASPSW
Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQ: ASPS), a prominent player in the real estate and mortgage sector, is excited to announce that its newly issued stakeholder warrants have officially received approval for listing on the Nasdaq Global Select Market. This is a significant step, with trading set to begin soon. Investors will be able to engage with two types of warrants: those requiring cash exercises and those settlable via the forfeiture of shares.
Understanding the Warrant Structure
The warrants that Altisource has made available will be trading under the tickers “ASPSZ” for cash exercise stakeholder warrants and “ASPSW” for net settle stakeholder warrants. Each warrant allows the holder to purchase 1.625 shares of Altisource common stock at a specified exercise price of $1.95 per warrant. This arrangement provides an excellent opportunity for investors to participate in the company’s growth.
Key Features of the Warrants
For those considering this investment, it's important to note that the purchasing process for these warrants can begin on or after specific dates, carefully outlined in the agreement governing them. Specifically, the ability to exercise will commence either on July 2, 2025, or once certain conditions regarding stock price metrics are met. Potential investors can appreciate that this timeframe allows for strategic planning around market movements.
Expiration Information
Each type of warrant has a distinct expiration date. If left unexercised or terminated, the cash exercise stakeholder warrants will expire on April 2, 2029, while the net settle stakeholder warrants have an expiration date of April 30, 2032. Such timelines create a sense of urgency and can drive strategic decisions for investors looking to capitalize on Altisource’s future prospects.
About Altisource
With a firm foundation in the real estate and mortgage marketplace, Altisource Portfolio Solutions S.A. stands out through a seamless integration of innovative services and operational excellence. The company is dedicated to meeting the evolving needs of its customers, ensuring access to a suite of comprehensive solutions. Potential investors and stakeholders can learn more about Altisource by visiting their official website.
Contact Information
If you have further inquiries regarding the warrants or other aspects of the business, please reach out to:
Michelle D. Esterman
Chief Financial Officer
T: (770) 612-7007
E: Michelle.Esterman@altisource.com
Frequently Asked Questions
What are the new tickers for Altisource's warrants?
The new tickers are ASPSZ for cash exercise warrants and ASPSW for net settle warrants.
When will trading of Altisource’s warrants begin?
Trading is set to commence on May 7, 2025.
What is the exercise price for the warrants?
The exercise price for the warrants is set at $1.95 per warrant.
Until when can the warrants be exercised?
The cash exercise warrants will expire on April 2, 2029, and the net settle warrants on April 30, 2032.
How can I contact Altisource for more information?
You can contact Michelle D. Esterman, Chief Financial Officer, at (770) 612-7007 or via email at Michelle.Esterman@altisource.com.
