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Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) announced Monday that its outstanding warrants have become exercisable following the fulfillment of conditions set out in its warrant agreement. According to a press release statement and a filing with the Securities and Exchange Commission, the company confirmed that the volume weighted average price (VWAP) of its common stock exceeded the implied per share exercise price for fifteen consecutive trading days, as of the close of trading on July 25.
The warrants were originally issued under a Warrant Agent Agreement dated March 31, 2025, between Altisource and Equiniti Trust Company, LLC. Two types of warrants were issued: cash exercise stakeholder warrants, which require cash payment for the exercise price, and net settle stakeholder warrants, which are exercisable on a cashless basis.
The agreement stipulated that the warrants would become exercisable on the later of July 2, 2025, or the first date on which the VWAP of the company’s common stock equaled or exceeded the implied per share exercise price for fifteen consecutive trading days. With the VWAP condition now met, both classes of warrants are exercisable in accordance with their terms.
Altisource’s common stock, as well as both types of warrants, are listed on The Nasdaq Stock Market LLC under the symbols ASPS, ASPSZ, and ASPSW, respectively.
This information is based on a press release statement and details disclosed in the company’s recent SEC filing.
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