Altisource to effect 1-for-8 share consolidation

Altisource (ASPS) Portfolio Solutions will effect a consolidation of its shares at a ratio of 1-for-8, effective as of 12:01 a.m. CET on May 28. Altisource’s common stock will begin trading on The Nasdaq Global Select Market on a Share Consolidation-adjusted basis at the opening of the market on May 28, 2025. Following the Share Consolidation, Altisource’s common stock will continue to trade on The Nasdaq Global Select Market under the symbol “ASPS” with the new CUSIP number, L0175J 138. The Share Consolidation is intended to allow Altisource to regain compliance with the minimum bid price requirement of $1.00 per share of common stock for continued listing on The Nasdaq Global Select Market. The Share Consolidation will reduce the number of issued and outstanding shares of Altisource’s common stock from approximately 88,951,925 to approximately 11,118,990.