- Altisource Portfolio Solutions (NASDAQ: ASPS) will list its warrants on the Nasdaq Global Select Market starting May 7, 2025.
- The two types of warrants, Cash Exercise Stakeholder Warrants (ASPSZ) and Net Settle Stakeholder Warrants (ASPSW), allow purchasing of Altisource shares.
- Exercise periods extend until April 2, 2029, for ASPSZ and April 30, 2032, for ASPSW.
Altisource Portfolio Solutions (NASDAQ: ASPS) has announced the listing of its previously distributed warrants on the Nasdaq Global Select Market, set to commence trading on May 7, 2025. These warrants are categorized into two types: Cash Exercise Stakeholder Warrants, which will trade under the ticker "ASPSZ", and Net Settle Stakeholder Warrants, trading under "ASPSW".
Each warrant gives holders the option to purchase 1.625 shares of common stock at an exercise price of $1.95 per warrant, translating to $1.20 per share. The exercise of these warrants can begin from July 2, 2025, or when the share's volume-weighted average price (VWAP) reaches or exceeds $1.20 for 15 consecutive trading days, whichever occurs first.
The Cash Exercise Stakeholder Warrants (ASPSZ) are scheduled to expire on April 2, 2029, while the Net Settle Stakeholder Warrants (ASPSW) have an expiration date of April 30, 2032. This listing on Nasdaq is expected to enhance the liquidity and visibility of Altisource Portfolio Solutions in the financial markets.
