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ASPSW

0.57920003 USD
0.0242
4.36%
Last update Jun 20, 1:47 PM EDT
Market closed
Day range
0.50999999
0.58999997
Previous close
0.55500001
Open
0.50999999
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Altisource Portfolio Solutions S.A. Warrant
0.58
0.02
4.36%

Overview

Description

Altisource Portfolio Solutions S.A. Warrant is a structured financial derivative granted by Altisource Portfolio Solutions S.A., a Luxembourg-based company specializing in integrated services and technology solutions for the real estate and mortgage sectors. This Net Settle Stakeholder Warrant gives holders the right—but not the obligation—to purchase 1.625 shares of Altisource common stock at a fixed exercise price of $1.95 per warrant, which translates to $1.20 per share. Exercise is permitted either after July 2, 2025, or once the stock’s volume-weighted average price meets or exceeds $1.20 for 15 consecutive trading days, reflecting a hybrid time and performance-based trigger. The warrant is set to expire on April 30, 2032, providing a long exercise window for stakeholders. Its presence in the market enhances liquidity and offers a flexible mechanism for holders to gain equity exposure to Altisource. The warrant is aimed at offsetting dilution for existing stakeholders following previous share issuances related to the company’s capital structure initiatives. By tying exercise conditions to stock performance, this instrument aligns the long-term interests of holders and the company, contributing to Altisource’s strategic capital management and market visibility.

About

CEO
Mr. William B. Shepro J.D.
Employees
1160
Address
33, Boulevard Prince Henri
Luxembourg City, 1724
Phone
352 2060 2055
Website
Instrument type
Common stock
Sector
Real Estate
Industry
Real Estate Services
Country
United States
MIC code
XNGS
Market closed

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03:19
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