Altisource Portfolio Solutions S.A. has announced shareholder approval for a reverse stock split, consolidating every eight shares into one. This move will reduce the total number of outstanding shares from 88,951,925 to approximately 11,118,990. The share consolidation will take effect on May 28, 2025. Fractional shares resulting from the split will be redeemed for cash based on the closing price on May 27, 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: 0001462418-25-000080), on May 13, 2025, and is solely responsible for the information contained therein.