Altisource announces april 3, 2025 as distribution date for stakeholder warrants

Luxembourg, march 31, 2025 (globe newswire) -- 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 that the distribution of its previously disclosed issuance of stakeholder warrants will take place on april 3, 2025 (the “distribution date”). altisource previously announced the 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 common stock at an exercise price of $0.01 per share (“penny warrants”), in each case, as of 5:00 p.m., new york city time, on february 14, 2025 (the “distribution record date”). the warrant distribution was contingent upon, among other things, approval by the company's shareholders of the proposals set forth in the company's definitive proxy statement on schedule 14a filed with the sec on january 3, 2025 and the consummation of the transactions contemplated by the previously disclosed transaction support agreement (such conditions, collectively, the “distribution conditions”). as the distribution conditions have been satisfied, altisource is proceeding with the warrant distribution.
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