HK-listed gold stocks jump as US economic fears boost bullion prices
In a recent filing with the Securities and Exchange Commission, Abacus Global Management, Inc., an investment advisory firm, has announced changes to its executive compensation structure. While the company is currently not profitable and burning through cash, InvestingPro analysis indicates expected profitability this year. On March 27, 2025, the company’s Compensation Committee amended the vesting schedule of restricted stock units (RSUs) for its employees, including a significant revision for its Chief Financial Officer, William H. McCauley, Jr.
The revised vesting terms state that a third of the RSUs awarded on October 27, 2023, under the company’s 2023 Long-Term Equity Compensation Incentive Plan, will now vest over three consecutive years. Specifically, one-third of the RSUs will vest on July 3 of 2024, 2025, and 2026, respectively. This modification will affect 500,000 RSUs granted to CFO McCauley. The terms allow for the RSUs to be converted to common stock or, at Abacus Global Management’s discretion, the cash equivalent.
Abacus Global Management, headquartered in Orlando, Florida, and incorporated in Delaware, is listed on the NASDAQ Stock Market under the ticker ABL, with a current market capitalization of $748 million and trading at $7.87 per share. According to InvestingPro analysis, the stock appears undervalued, with analyst price targets ranging from $13 to $15. The company also has warrants and fixed-rate senior notes traded under the symbols ABLLW and ABLLL, respectively. Discover more insights with InvestingPro’s comprehensive research report, available along with 5 additional ProTips for ABL.
The SEC filing indicates that aside from the changes to the vesting schedule, all other conditions of the RSUs remain unchanged. This adjustment to the compensation plan comes as part of the company’s ongoing efforts to align the interests of its executives with those of its shareholders.
The information presented in this article is based on the company’s SEC filing and does not include any speculative or forward-looking statements.
In other recent news, Abacus Life Inc. reported a significant increase in its financial performance for the fourth quarter of 2024. The company’s total revenue grew by 40% year-over-year, reaching $33.2 million, while the full-year revenue surged by 69% to $111.9 million. Abacus Life also announced optimistic guidance for 2025, projecting adjusted net income growth of up to 68%. The company expanded its operations by completing the acquisitions of Carlisle Management Company and FCF Advisors, which added approximately $2.6 billion in assets under management. These strategic acquisitions are part of Abacus Life’s broader strategy to enhance its asset management capabilities. Additionally, the company launched the Abacus FCF Small Cap Leaders ETF as part of its product innovation efforts. Analysts from firms like Piper Sandler and B. Riley Securities noted the company’s strong liquidity position and strategic growth initiatives. These developments highlight Abacus Life’s efforts to maintain a robust financial standing and expand its market presence.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.