Altisource Shareholders Approve 8-to-1 Reverse Stock Split Effective May 28, 2025

Reuters
2025.05.13 16:18
portai
I'm PortAI, I can summarize articles.

Altisource Shareholders Approve 8-to-1 Reverse Stock Split Effective May 28, 2025 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.

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.

Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.