Why Altisource Asset Management (AAMC) Stock Is Down 46%
Why Altisource Asset Management (AAMC) Stock Is Down 46%
Altisource Asset Management Corp (NASDAQ:AAMC) shares are trading lower by 43.6% to $1.02 Tuesday morning after the company announced its intention to voluntarily delist and deregister its common stock from the NYSE American.
Altisource Asset Management公司（NASDAQ:AAMC）的股票在周二早上以1.02美元的价格下跌43.6%，原因是公司宣布有意自纽约交易所美国部门（NYSE American）自愿退市和注销普通股。
The decision follows a notification from the NYSE American indicating that AAMC was not in compliance with continued listing standards due to low stockholders' equity and sustained losses over the past five fiscal years.
此决定是根据纽约交易所美国部门发送的通知，指出AAMC未能符合持续上市标准，因为股东权益低于预期，并在过去5个财年持续亏损。
Although AAMC submitted a plan to address these issues, the company determined that delisting would be more beneficial, primarily due to cost savings and the limited advantages of being a publicly traded company, such as low trading volume and limited liquidity.
尽管AAMC提交了解决这些问题的计划，但公司认为退市更有利，主要原因是节约成本以及作为上市公司的有限优势，如低交易量和有限流动性。
By delisting, AAMC aims to reduce the time and expenses associated with SEC reporting requirements, allowing management to focus more on business operations.
通过退市，AAMC旨在减少与证券交易委员会报告要求相关的时间和费用，让管理层更多地专注于业务运营。
The company notified the NYSE American on August 26, and plans to file a Form 25 with the SEC around September 6, with the delisting expected to take effect by September 16.
公司于8月26日通知了纽约交易所美国部门，并计划在9月6日左右向证券交易委员会提交第25表格(Form 25)，预计退市将于9月16日生效。
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According to data from Benzinga Pro, AAMC has a 52-week high of $7.28 and a 52-week low of $1.68.
根据Benzinga Pro的数据，AAMC的52周最高价为7.28美元，52周最低价为1.68美元。