On December 19, 2024, Altisource Portfolio Solutions S.A. received two notifications from Nasdaq regarding noncompliance with listing standards. The first notice indicated that the company's common stock had failed to meet the minimum bid price requirement of $1.00 per share for 30 consecutive business days. Altisource has been given until June 17, 2025, to regain compliance by achieving a closing bid price of at least $1.00 for ten consecutive business days. The second notice stated that the company's market value of publicly held shares had fallen below the minimum requirement of $15 million, with a compliance deadline of June 18, 2025.
The company is actively monitoring its compliance status and exploring options, including a potential transfer to the Nasdaq Capital Market or a reverse stock split, if necessary. These notices currently do not affect the listing or trading of the company’s stock. However, failure to regain compliance within the designated periods may lead to delisting, though the company can appeal any such decision. Altisource acknowledges the risks and uncertainties associated with regaining compliance and emphasizes that forward-looking statements are subject to change based on various internal and external factors.