Altisource Announces 1-for-8 Reverse Stock Split to Regain Nasdaq Compliance

Reuters

05/23

Altisource Announces 1-for-8 Reverse Stock Split to Regain Nasdaq Compliance

Altisource Portfolio Solutions SA $(ASPS)$, a leader in the real estate and mortgage industries, announced a 1-for-8 reverse stock split effective May 28, 2025. This move aims to help the company comply with Nasdaq's minimum bid price requirement. The consolidation will reduce the number of outstanding shares from approximately 88.95 million to about 11.12 million, while no fractional shares will be issued. The company's board approved the split on March 16, 2025, and it was confirmed by shareholders on May 13, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Altisource Portfolio Solutions SA published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001462418-25-000085), on May 23, 2025, and is solely responsible for the information contained therein.

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This move aims to help the company comply with Nasdaq's minimum bid price requirement. The consolidation will reduce the number of outstanding shares from approximately 88.95 million to about 11.12 million, while no fractional shares will be issued. The company's board approved the split on March 16, 2025, and it was confirmed by shareholders on May 13, 2025.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Altisource Portfolio Solutions SA published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001462418-25-000085), on May 23, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4079","symbol_name":"房地产服务","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250523:nNDL4MTcXP:1","article_id":"2537135925","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2537135925","pubTimestamp":1748000541,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Altisource Portfolio Solutions SA , a leader in the real estate and mortgage industries, announced a 1-for-8 reverse stock split effective May 28, 2025. 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The consolidation will reduce the number of outstanding shares from approximately 88.95 million to about 11.12 million, while no fractional shares will be issued. The company's board approved the split on March 16, 2025, and it was confirmed by shareholders on May 13, 2025.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Altisource Portfolio Solutions SA published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. 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