EX-99.1 2 tm255494d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE FOR FURTHER INFORMATION CONTACT: ─────────────────────────────────────────────────────────────────── Michelle D. Esterman Chief Financial Officer T: (770) 612-7007 E: Michelle. Esterman@altisource.com ALTISOURCE ANNOUNCES PROPOSED DISTRIBUTION OF WARRANTS TO PURCHASE COMMON STOCK AND SETS FEBRUARY 14, 2025 AS THE RECORD DATE FOR PROPOSED DISTRIBUTION Luxembourg, February 4, 2025 - Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (Nasdaq: ASPS), a leading provider and marketplace for the real estate and mortgage industries, today announced a proposed issuance under Luxembourg law under the authorized share capital mechanism, which is more commonly referred to as a distribution in the United States (the “Warrant Distribution”), of transferable Warrants (as defined below) to holders (collectively, the “Stakeholders”) of Altisource’s (i) common stock (the “Common Stock”), (ii) restricted share units (“RSUs”) and (iii) outstanding warrants to purchase shares of…
Open exhibit ↗Current Report · Items 8.01, 9.01 · 8-K
Altisource Portfolio Solutions S.A.
ASPSNASDAQEQUITYCurrent
Other Events
Item 8.01 Other Events On February 4, 2025, Altisource Portfolio Solutions S.A. (the “Company”) issued a press release announcing, among other things, that its board of directors has declared a proposed issuance of warrants to purchase shares of the Company’s common stock to record and beneficial holders of the following Company securities:…
Company context
We are an integrated service provider and marketplace for the real estate and mortgage industries. Combining operational excellence with a suite of innovative services and technologies, Altisource helps solve the demands of the ever-changing markets we serve.
Current securities
Disclosure sections
Item 8.01Item 8.01 - Other Events
Item 8.01 Other Events
On February 4, 2025, Altisource Portfolio Solutions
S.A. (the “Company”) issued a press release announcing, among other things, that its board of directors has declared a proposed
issuance of warrants to purchase shares of the Company’s common stock to record and beneficial holders of the following Company
securities: (i) shares of common stock, (ii) restricted share units, and (iii) the Company’s outstanding warrants to purchase shares
of common stock at an exercise price of $0.01 per share, in each case, as of 5:00 p.m., New York City time, on February 14, 2025. The
press release is attached hereto as exhibit 99.1 hereto and incorporated herein by reference. The description of the expected terms of
the proposed warrants contained in the press release is qualified in its entirety by reference to the proposed form of Warrant Agent
Agreement, between the Company and Equiniti Trust Company, LLC, as Warrant Agent, which is filed as Exhibit 99.2 hereto and incorporated
herein by reference.