Abacus Global Management Stock Price, News & Analysis

ABLLW is the ticker symbol for the public warrants of Abacus Global Management, Inc. ("Abacus" or the "Company"), a financial services company that describes itself as specializing in alternative asset management, data-driven wealth solutions, technology innovations, and institutional services. Abacus focuses on longevity-based assets and personalized financial planning, using proprietary data analytics and industry experience to support financial outcomes for individuals and institutions. While the common stock of Abacus has traded under symbols such as ABL on Nasdaq and ABX on the New York Stock Exchange, ABLLW specifically represented warrants that were listed on The Nasdaq Stock Market LLC.

According to Abacus’s public disclosures, the Company’s platform is centered on longevity and life insurance-related assets. In its shareholder communications, Abacus highlights a vertically integrated model built around four primary verticals. The Life Solutions division serves as an origination engine that sources, prices, and manages life insurance assets using industry expertise and proprietary technology. These assets are then allocated to the Abacus Asset Group, which packages them into longevity funds aimed at delivering uncorrelated, risk-adjusted returns to institutional investors.

Abacus also operates the ABL Tech division, which provides data-driven mortality verification services. This technology function supports faster claim resolutions and more confident financial projections and, as described in the Company’s shareholder letter, serves a large base of pension funds and institutional clients. In addition, Abacus Wealth Advisors acts as a distribution channel that offers personalized financial planning informed by longevity insights generated across the platform. Together, these verticals form what Abacus refers to as its "flywheel," allowing the Company to participate across origination, asset management, technology services, and wealth advisory activities.

Abacus emphasizes multiple revenue streams associated with this integrated structure. The Company identifies origination gains, management fees, servicing fees, and advisory income as key sources of earnings. It has also described a transition toward a more durable, recurring revenue model, with fee-related earnings such as management and servicing fees forming a growing portion of total revenue. In its communications, Abacus has stated a long-term objective of significantly increasing the share of revenue derived from recurring fee-based activities, supported by growth in assets under management and the expansion of newer divisions such as ABL Tech and Wealth Advisors.

In addition to its longevity funds and life insurance asset activities, Abacus has announced the development of an asset-based finance ("ABF") strategy within Abacus Asset Group. This strategy is intended to deploy capital into asset-backed lending, structured credit, and corporate asset-based credit across areas such as consumer credit, commercial finance, intellectual property, contractual cash flows, and insurance-related assets. Abacus has described this initiative as a natural extension of its existing insurance analytics, actuarial capabilities, and relationships with insurance carriers, and as part of a broader objective to build a diversified alternative asset management platform with multiple sources of fee-related earnings.

Abacus has also reported engaging in securitization activities involving life insurance assets. The Company announced the completion of a $50 million investment grade securitized note backed by life insurance assets, structured as a collateralized note for institutional investors, banks, and insurance companies. In its shareholder letter, Abacus noted that it remains the servicer of the securitized assets, which it views as important for maintaining operational involvement and generating servicing income. The Company has characterized this securitized product as a template for future transactions and as part of a repeatable funding mechanism that can convert balance sheet assets into fee-based revenue.

Strategic acquisitions have also been part of Abacus’s development. The Company disclosed the acquisition of AccuQuote, described as a premier digital life insurance origination platform. Abacus has indicated that this acquisition enhances its digital origination funnel, broadens its ability to serve consumers across their financial and insurance journey, and supports growth in policy origination and asset acquisition volumes. The integration of AccuQuote is presented as reinforcing the Company’s life insurance origination capabilities and its long-term growth strategy.

From a capital markets perspective, Abacus has undertaken several initiatives related to its securities. The Company’s common stock has traded on Nasdaq under the symbol ABL and, based on its public announcements, later transferred to the New York Stock Exchange to trade under the symbol ABX. Abacus has also issued 9.875% Fixed Rate Senior Notes due 2028, which have traded under the symbol ABLLL and were expected to transfer to the NYSE under a new ticker. In addition, Abacus has implemented a capital allocation framework that includes an annual cash dividend and a share repurchase program, which it describes as reflecting confidence in its business model, recurring earnings, and capital strength.

ABLLW, specifically, relates to the Company’s warrants. These warrants were listed on The Nasdaq Stock Market LLC and were exercisable for shares of Abacus common stock at a specified exercise price. Abacus initiated an exchange offer and consent solicitation for its public and private placement warrants, offering holders shares of common stock in exchange for their warrants and seeking approval to amend the warrant agreement. Following this process, the Company reported that no warrants would remain outstanding and that the public warrants represented by ABLLW would be suspended from trading and delisted. Subsequent regulatory filings, including a Form 25 and a Form 15, document the removal of the ABLLW warrants from listing and the termination of their registration.

As a result, ABLLW functions as a historical ticker associated with Abacus’s former public warrants rather than an actively traded security. Investors researching ABLLW are typically examining the warrant exchange, the Company’s capital structure evolution, and Abacus’s broader strategy in alternative asset management, longevity-based assets, securitized life insurance products, and asset-based finance.

Business model and activities

• Alternative asset management: Through Abacus Asset Group and related entities, the Company manages longevity funds and other vehicles backed by life insurance and asset-based finance investments.
• Life insurance origination and management: The Life Solutions division sources, prices, and manages life insurance assets, supported by proprietary technology and actuarial expertise.
• Technology and data services: ABL Tech provides data-driven mortality verification and analytics that support portfolio monitoring, claim resolution, and financial projections for Abacus and institutional clients.
• Wealth advisory: Abacus Wealth Advisors offers personalized financial planning that incorporates longevity insights and the Company’s broader platform capabilities.
• Asset-based finance strategy: The ABF strategy within Abacus Asset Group targets asset-backed lending and structured credit opportunities, with emphasis on insurance-related assets and contractual cash flows.
• Securitization and funding: Abacus has executed securitized transactions backed by life insurance assets, using rated collateralized notes to broaden institutional distribution and generate servicing income.

ABLLW warrant context

• ABLLW identified warrants to purchase Abacus common stock that were listed on The Nasdaq Stock Market LLC.
• Abacus launched an exchange offer and consent solicitation for these warrants and related private placement warrants, offering shares of common stock in exchange.
• Following the completion of the offer and a post-offer exchange, Abacus reported that no warrants would remain outstanding, and the public warrants would be suspended from trading and delisted.
• A subsequent Form 25 filing documented the removal of the ABLLW warrants from Nasdaq listing, and a Form 15 filing certified the termination of registration and suspension of reporting obligations for the warrant class.

Capital markets and corporate actions

• Abacus’s common stock has traded under the symbol ABL on Nasdaq and, based on Company announcements, later began trading on the New York Stock Exchange under the symbol ABX.
• The Company has issued 9.875% Fixed Rate Senior Notes due 2028, initially trading on Nasdaq under the symbol ABLLL, with plans disclosed to transfer that listing to the NYSE under a new symbol.
• Abacus’s Board of Directors approved an annual cash dividend and a share repurchase program, which the Company describes as part of a shareholder-focused capital allocation framework.
• The Company has highlighted its inclusion in major equity indexes and its engagement with institutional and retail investors through conferences, shareholder letters, and outreach initiatives.

Position within finance and insurance

Abacus operates in the finance and insurance sector, with activities that span alternative asset management, insurance-related asset origination, technology-enabled analytics, and wealth advisory services. Its focus on longevity-based assets, life insurance portfolios, and asset-based finance strategies places it within specialized segments of the broader financial services industry. The ABLLW warrants were one component of Abacus’s capital structure, linked to its common equity and used in conjunction with exchange offers and capital markets transactions that support the Company’s long-term strategy.

Key points for ABLLW researchers

• ABLLW was the Nasdaq symbol for Abacus Global Management’s public warrants, each exercisable for one share of common stock at a specified exercise price.
• Abacus conducted an exchange offer and consent solicitation that resulted in the exchange of most outstanding warrants for common stock and the amendment of the warrant agreement.
• After a post-offer exchange, no warrants remained outstanding, and the ABLLW warrants were suspended from trading and delisted, as reflected in the Company’s Form 25 and Form 15 filings.
• Researching ABLLW today primarily involves understanding the historical warrant terms, the exchange mechanics, and how these actions fit into Abacus’s broader evolution as an alternative asset manager focused on longevity-based and asset-based finance strategies.