{"id":775704,"date":"2023-08-04T18:09:17","date_gmt":"2023-08-04T22:09:17","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/altisource-asset-management-corporation-announces-a-two-for-one-stock-split\/"},"modified":"2023-08-04T18:09:17","modified_gmt":"2023-08-04T22:09:17","slug":"altisource-asset-management-corporation-announces-a-two-for-one-stock-split","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/altisource-asset-management-corporation-announces-a-two-for-one-stock-split\/","title":{"rendered":"Altisource Asset Management Corporation Announces a Two-for-One Stock Split"},"content":{"rendered":"

<\/p>\n

Altisource Asset Management Corporation Announces a Two-for-One Stock Split<\/b><\/p>\n

CHRISTIANSTED, U.S. Virgin Islands–(BUSINESS WIRE<\/a>)–
\nAltisource Asset Management Corporation (\u201cAAMC\u201d or the \u201cCompany\u201d) (NYSE American: AAMC) announced today that the Board of Directors has approved and declared a two-for-one split of AAMC\u2019s common stock in the form of a stock dividend.<\/p>\n

\n\u201cThe stock dividend is required to allow for AAMC to reach the minimum level of 1,100,000 publicly held shares, which is consistent with the remediation plan submitted to the NYSE on June 30, 2022,\u201d stated Jason Kopcak, Chief Executive Officer and Director. \u201cUpon the shares being distributed, the Company will be compliant with the publicly held share requirement under Section 1003(a)(iii).\u201d<\/p>\n

\nEach stockholder of record on August 14, 2023 will receive a dividend of one additional share of common stock for each then-held share, to be distributed after close of trading on September 13, 2023. Trading will begin on a stock split-adjusted basis on September 14, 2023.<\/p>\n

About AAMC<\/b><\/p>\n

\nAAMC is a private credit provider that originates alternative assets to supply liquidity and capital to underserved markets. Additional information is available at www.altisourceamc.com<\/b><\/a>.<\/p>\n

Forward-looking Statements<\/b><\/p>\n

\nThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding management\u2019s beliefs, estimates, projections, anticipations, and assumptions. These statements may be identified by words such as \u201canticipate\u201d, \u201cintend\u201d, \u201cexpect\u201d, \u201cmay\u201d, \u201ccould\u201d, \u201cshould\u201d, \u201cwould\u201d, \u201cplan\u201d, \u201cestimate\u201d, \u201ctarget\u201d, \u201cseek\u201d, \u201cbelieve\u201d, and other expressions or words of similar meaning. We caution that forward-looking statements are qualified by the existence of certain risks and uncertainties that may cause actual results and events to differ materially from what is contemplated by the forward-looking statements.<\/p>\n

\nThe statements made in this press release are current as of the date of this press release only. The Company undertakes no obligation to publicly update or revise any forward-looking statements or any other information contained herein, whether as a result of new information, future events, or otherwise.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230804693547\/en\/<\/a><\/span><\/p>\n

\nInvestor Relations
\n
T: +1-704-275-9113
\n
E: IR@AltisourceAMC.com
\n<\/b><\/a>
Twitter: @altisourceamc<\/b><\/a><\/p>\n

KEYWORDS:<\/b> Virgin Islands (U.S.) Caribbean<\/p>\n

INDUSTRY KEYWORDS:<\/b> Personal Finance Consulting Accounting Professional Services Asset Management<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Altisource Asset Management Corporation Announces a Two-for-One Stock Split CHRISTIANSTED, U.S. Virgin Islands–(BUSINESS WIRE)– Altisource Asset Management Corporation (\u201cAAMC\u201d or the \u201cCompany\u201d) (NYSE American: AAMC) announced today that the Board of Directors has approved and declared a two-for-one split of AAMC\u2019s common stock in the form of a stock dividend. \u201cThe stock dividend is required to allow for AAMC to reach the minimum level of 1,100,000 publicly held shares, which is consistent with the remediation plan submitted to the NYSE on June 30, 2022,\u201d stated Jason Kopcak, Chief Executive Officer and Director. \u201cUpon the shares being distributed, the Company will be compliant with the publicly held share requirement under Section 1003(a)(iii).\u201d Each stockholder of record on August 14, 2023 will … <\/p>\n

Continue reading “Altisource Asset Management Corporation Announces a Two-for-One Stock Split”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-775704","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAltisource Asset Management Corporation Announces a Two-for-One Stock Split - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/altisource-asset-management-corporation-announces-a-two-for-one-stock-split\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Altisource Asset Management Corporation Announces a Two-for-One Stock Split - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Altisource Asset Management Corporation Announces a Two-for-One Stock Split CHRISTIANSTED, U.S. Virgin Islands–(BUSINESS WIRE)– Altisource Asset Management Corporation (\u201cAAMC\u201d or the \u201cCompany\u201d) (NYSE American: AAMC) announced today that the Board of Directors has approved and declared a two-for-one split of AAMC\u2019s common stock in the form of a stock dividend. \u201cThe stock dividend is required to allow for AAMC to reach the minimum level of 1,100,000 publicly held shares, which is consistent with the remediation plan submitted to the NYSE on June 30, 2022,\u201d stated Jason Kopcak, Chief Executive Officer and Director. \u201cUpon the shares being distributed, the Company will be compliant with the publicly held share requirement under Section 1003(a)(iii).\u201d Each stockholder of record on August 14, 2023 will … Continue reading "Altisource Asset Management Corporation Announces a Two-for-One Stock Split"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/altisource-asset-management-corporation-announces-a-two-for-one-stock-split\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-04T22:09:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20230804693547r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/altisource-asset-management-corporation-announces-a-two-for-one-stock-split\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/altisource-asset-management-corporation-announces-a-two-for-one-stock-split\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Altisource Asset Management Corporation Announces a Two-for-One Stock Split\",\"datePublished\":\"2023-08-04T22:09:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/altisource-asset-management-corporation-announces-a-two-for-one-stock-split\\\/\"},\"wordCount\":384,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/altisource-asset-management-corporation-announces-a-two-for-one-stock-split\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20230804693547r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/altisource-asset-management-corporation-announces-a-two-for-one-stock-split\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/altisource-asset-management-corporation-announces-a-two-for-one-stock-split\\\/\",\"name\":\"Altisource Asset Management Corporation Announces a Two-for-One Stock Split - 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