Altisource Portfolio Solutions Files S-1

TL;DR

Altisource (ASPS) filed an S-1, looks like they're planning to sell more stock soon.

AI Summary

Altisource Portfolio Solutions S.A. filed an S-1 registration statement on January 31, 2025, for an unspecified offering. The company, incorporated in Luxembourg, is a business services provider. This filing indicates a potential future offering of securities, but details on the amount or type of securities are not yet disclosed.

Why It Matters

This S-1 filing signals Altisource Portfolio Solutions' intention to potentially offer new securities to the public, which could impact its capital structure and future growth strategies.

Risk Assessment

Risk Level: medium — As an S-1 filing, it represents a company preparing to issue securities, which inherently carries market and execution risks not fully detailed at this stage.

Key Players & Entities

• ALTISOURCE PORTFOLIO SOLUTIONS S.A. (company) — Registrant
• 33, Boulevard Prince Henri L-1724 Luxembourg (company) — Principal Executive Offices Address
• Altisource Solutions, Inc. (company) — Related Entity/Agent
• 2300 Lakeview Parkway, Suite 756, Alpharetta, GA, 30009 (company) — Related Entity/Agent Address
• January 31, 2025 (date) — Filing Date

FAQ

Key Financial Figures

• $0.01 — 0,000 shares of common stock, par value $0.01 per share (the “common stock&rdqu
• $1 — ow) of the Warrants, which is initially $1.20, for a period of fifteen consecutive
• $1.95 — n stock at an initial Exercise Price of $1.95 per Warrant (initially equal to $1.20 p
• $1.20 — f $1.95 per Warrant (initially equal to $1.20 per share of common stock). The Cash Ex
• $0.70 — on the Nasdaq Global Select Market was $0.70 per share. The Warrants will be transf
• $230.4 million — ent held in the amount of approximately $230.4 million to the Borrower and receive their respe
• $108.9 million — ve pro rata shares of o approximately $108.9 million of interest-bearing first lien loans (t
• $49.5 million — er things, provide for an approximately $49.5 million non-interest bearing exit premium (the
• $3.0 million — isting Warrants); and o approximately $3.0 million in cash on account of all accrued and u
• $1.25 — of Net Settle Stakeholder Warrants $1.25 2.3 million $1.50 11.4 million $2
• $1.50 — eholder Warrants $1.25 2.3 million $1.50 11.4 million $2.00 22.9 million $
• $2.00 — 25 2.3 million $1.50 11.4 million $2.00 22.9 million $2.50 29.7 million $
• $2.50 — 0 11.4 million $2.00 22.9 million $2.50 29.7 million $3.00 34.3 million O
• $3.00 — 0 22.9 million $2.50 29.7 million $3.00 34.3 million Our officers, directors
• $2 — e issued at an assumed Five-Day VWAP of $2.00, we would have 108.9 million shares

Filing Documents

• tm255024d1_s1.htm (S-1) — 369KB
• tm255024d1_ex4-2.htm (EX-4.2) — 301KB
• tm255024d1_ex21-1.htm (EX-21.1) — 25KB
• tm255024d1_ex23-2.htm (EX-23.2) — 2KB
• tm255024d1_ex-filingfees.htm (EX-FILING FEES) — 16KB
• 0001104659-25-008188.txt ( ) — 714KB

Risk Factors

Risk Factors 12 Cautionary Statement Regarding Forward-Looking Statements 18

Use Of Proceeds

Use Of Proceeds 19 Description Of The Warrants 20 Legal Matters 37 Experts 37 Where You Can Find More Information 38 Information Incorporated By Reference 38 About This Prospectus This prospectus is part of a registration statement on Form S-1 and relates to the offering of shares of common stock issuable upon the exercise of the Warrants. Before exercising any Warrants for shares of common stock covered by this prospectus, it is important for you to read and consider all information contained in this prospectus, including the documents incorporated by reference herein. You should also read and consider the information in the documents to which Altisource has referred you in the sections entitled “Where You Can Find More Information” and “Information Incorporated by Reference” in this prospectus. The information contained in this prospectus or incorporated by reference herein is accurate only as of the respective dates thereof, regardless of the time of delivery of this prospectus or of any issuance of common stock hereunder. Altisource’s business, financial condition, results of operations and prospects may have changed since those dates. To the extent there is a conflict between the information contained in this prospectus, on the one hand, and the information contained in any document incorporated by reference into this prospectus that was filed with the SEC before the date of this prospectus, on the other hand, you should rely on the information in this prospectus. If any statement in one of these documents is inconsistent with a statement in another document having a later date — for example, a document incorporated by reference into this prospectus — the statement in the document having the later date modifies or supersedes the earlier statement. References to “Altisource,” “we,” “our,” “us” and the “Company” in this prospectus mean Altis

View Full Filing

View this S-1 filing on SEC EDGAR