M&A: ALTISOURCE PORTFOLIO SOLUTIONS S.A.

Form Type: PRE 14A

Filing Date: 2024-12-23

Corporate Action: Merger

Type: New

Accession Number: 000110465924131365

Comments: The document outlines the proposals that will be discussed at the Extraordinary and Special General Meetings of Shareholders of Altisource Portfolio Solutions S.A. on an unspecified date in 2025. Key proposals include the issuance of shares representing up to 63.5% of outstanding shares in exchange for debt relief amounting to $72.8 million, a decrease in the par value of common stock from $1.00 to $0.01, and an increase in the number of authorized shares from 100 million to 250 million. These actions aim to recapitalize the company, strengthen its balance sheet, provide new debt facilities, and issue warrants to mitigate share dilution for stakeholders. The proposals require shareholder approval to proceed, with the company emphasizing the importance of shareholder participation in the voting process. Various procedural requirements and the necessary voting instructions are included to ensure compliance and facilitate the meetings.

Document Link: View Document