Welcome to our dedicated page for Altisource Asset Mgmt news (Ticker: AAMC), a resource for investors and traders seeking the latest updates and insights on Altisource Asset Mgmt stock.
Altisource Asset Management Corp (NYSE: AAMC) provides institutional investors with specialized asset management and corporate governance solutions. This page serves as the definitive source for verified news and official announcements related to AAMC's operations, strategic initiatives, and market position.
Key updates include earnings reports, leadership changes, governance developments, and partnership announcements. Investors gain access to primary-source materials including SEC filings, press releases, and operational updates from AAMC's global offices in the U.S. Virgin Islands, Luxembourg, and India.
Our curated collection enables efficient tracking of AAMC's management of single-family rental REIT assets and corporate advisory services. Content is organized chronologically and categorized for quick reference, with strict adherence to financial disclosure standards.
For ongoing monitoring of AAMC's performance in asset management and governance services, bookmark this page or check regularly for new updates. All content is sourced directly from company filings and authorized communications.
Altisource Asset Management (NYSE American: AAMC) has announced its intention to voluntarily delist from the NYSE American and deregister its common stock. This decision comes after receiving a notification of non-compliance with NYSE American's continued listing standards. The company cites expected cost savings and its current inability to realize the benefits of public company status as reasons for this move.
AAMC plans to file a Form 25 with the SEC on or about September 6, 2024, with the delisting expected to take effect around September 16, 2024. Subsequently, the company intends to file a Form 15 to deregister its common stock and suspend its reporting obligations. This will result in the termination of AAMC's requirement to file various SEC reports, including 10-K, 10-Q, and 8-K forms.
On May 31, 2024, Altisource Asset Management (AAMC) received a notification letter from NYSE American indicating non-compliance with listing standards due to stockholders' equity as of March 31, 2024, and consecutive fiscal year losses ending December 31, 2023. To avoid delisting, AAMC must submit a compliance plan by June 30, 2024, demonstrating how it will meet the standards by December 1, 2024. If accepted, AAMC will continue listing subject to periodic review. Failure to submit or adhere to an accepted plan may result in delisting. Currently, AAMC's stock remains listed but marked as below compliance.
Altisource Asset Management (AAMC) has provided a shareholder letter updating on the Alpha Control System project. AAMC is working on reducing operating expenditures below $2.5 million annually and aims to minimize balance sheet risks. The Alpha Control System, developed with UK partner Seabird , is in the commercialization phase. Key progress includes the selection of motors which could enhance delivery trucks' efficiency by 16-24% and an ongoing preparation of a demonstrator vehicle for testing. Commercial presentations are being refined, with a sales timeline of 9-18 months anticipated. Note that full integration into production could take several years.
Altisource Asset Management (AAMC) releases a progress report for May 2024 on Project Alpha, Phase II, related to a Patent and Technology Licensing Agreement. The report includes redacted elements to protect proprietary information and claims for patent extension.
Altisource Asset Management (AAMC) has released a progress report for April 2024 regarding Project Alpha, Phase II, under a licensing agreement with Seabird Technologies The report includes redacted details to protect proprietary information and extends patents claims.
Altisource Asset Management (AAMC) shares the progress report for March 2024 on Project Alpha, Phase II. The report is related to a Non-Exclusive Patent and Technology Licensing Agreement with System73 Read about the latest developments here.
Altisource Asset Management (AAMC) has shared a progress report on Project Alpha, Phase II, until January 2024. The report details advancements related to a licensing agreement with Seabird Technologies and System73
Altisource Asset Management (AAMC) has released progress reports for Project Alpha, Phase II, through March 2024. The reports cover January, February, and March 2024 regarding the Non-Exclusive Patent and Technology Licensing Agreement between AAMC and System73
