Altisource Asset Management Corporation Announces Intention to Voluntarily Delist and Deregister Its Common Stock
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 savingsand 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.
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.
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