Altisource Announces Form S-3 Filing Related to Shares Previously Issued to Lenders

Rhea-AI Summary

Altisource (NASDAQ: ASPS) filed a Form S-3 with the SEC on October 24, 2025 to register the resale of shares issued to its lenders under earlier debt-exchange agreements.

On February 19, 2025 Altisource exchanged senior secured term loans with an outstanding balance of $232.8 million for a $160.0 million new first‑lien loan facility and 7.3 million common shares (the “Debt Exchange Shares”), adjusted for a 1-for-8 share consolidation effective May 28, 2025. The Form S-3 includes a preliminary prospectus and is not yet effective.

Positive

• Reduced secured debt from $232.8M to $160.0M
• Registered resale could increase share liquidity for lenders

Negative

• 7.3M Debt Exchange Shares issued (post 1-for-8 consolidation)
• Registration enables potential resale, risking selling pressure on ASPS

LUXEMBOURG, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQ: ASPS), a leading provider and marketplace for the real estate and mortgage industries, filed a Form S-3 Registration Statement with the Securities and Exchange Commission on October 24, 2025 related to the registration of the resale of the shares previously issued to its lenders under the Securities Act of 1933, as amended (the “Form S-3”).

On February 19, 2025, Altisource entered into agreements with 100% of the lenders under its senior secured term loans (the “Lenders”). Under these agreements, the Lenders exchanged the senior secured term loans with an outstanding balance of $232.8 million for a $160.0 million new first lien loan facility and 7.3 million shares of common stock¹ (the “Debt Exchange Shares”). As required under the terms of agreements between Altisource and the Lenders, Altisource filed the Form S-3 to register the resale of the Debt Exchange Shares. The Form S-3 includes a preliminary prospectus, which is not complete and may be changed. The Form S-3 is not yet effective.

¹ The 7.3 million shares referenced herein have been adjusted for the 1-for-8 share consolidation, which became effective on May 28, 2025.

About Altisource

Altisource Portfolio Solutions S.A. is an integrated service provider and marketplace for the real estate and mortgage industries. Combining operational excellence with a suite of innovative services and technologies, Altisource helps solve the demands of the ever-changing markets we serve. Additional information is available at www.Altisource.com.

FOR FURTHER INFORMATION CONTACT:

Michelle D. Esterman

Chief Financial Officer

T: (770) 612-7007

E: Michelle.Esterman@altisource.com

FAQ

What did Altisource (ASPS) file with the SEC on October 24, 2025?

Altisource filed a Form S-3 to register the resale of shares issued to its lenders.

How many shares did Altisource issue to lenders in the February 19, 2025 debt exchange?

The company issued 7.3 million common shares, adjusted for the 1-for-8 consolidation.

What debt changes resulted from Altisource's February 19, 2025 agreements?

Senior secured term loans of $232.8M were exchanged for a $160.0M first‑lien loan facility plus shares.

Is the Form S-3 filed by Altisource already effective?

No. The Form S-3 contains a preliminary prospectus and is not yet effective.

What investor impact could the Altisource Form S-3 have on ASPS shares?

The registration could enable lenders to resell Debt Exchange Shares, increasing float and potential selling pressure.