Attention, those of you who own Altisource Portfolio Solutions S.A. (ASPS): ASPS has distributed warrants to shareholders who owned shares of ASPS as of the date of record, February 14th, 2025. You can read more about the warrant distribution here.
There are two types of warrants that have been distributed: Cash Exercise Stakeholder Warrants and Net Settle Stakeholder Warrants. Shareholders of ASPS have received a quantity of one warrant of each type for each share of ASPS that was owned on the date of record.
At this time, we are not recommending any specific action to take with regards to the warrants. The Cash Exercise Stakeholder Warrants do not expire until 2029 and the Net Settle Stakeholder Warrants do not expire until 2032. Going forward, we recommend that you continue to trade your ordinary shares of ASPS by the regular tenets of the Snider Method and to not take any action for either of the warrant types. If a specific action needs to be taken with regards to the warrants, we will issue an updated Position Alert advising what action to take.
AutoPilot users: We will make adjustments in the SIM Hub to ensure that your accounts do not encounter any errors from the warrants you have received in your TradeStation accounts.
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