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）的股票在週二早上以1.02美元的價格下跌43.6%，原因是公司宣佈有意自紐約交易所美國部門（NYSE American）自願退市和註銷普通股。
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.
此決定是根據紐約交易所美國部門發送的通知，指出AAMC未能符合持續上市標準，因爲股東權益低於預期，並在過去5個財年持續虧損。
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.
儘管AAMC提交了解決這些問題的計劃，但公司認爲退市更有利，主要原因是節約成本以及作爲上市公司的有限優勢，如低交易量和有限流動性。
By delisting, AAMC aims to reduce the time and expenses associated with SEC reporting requirements, allowing management to focus more on business operations.
通過退市，AAMC旨在減少與證券交易委員會報告要求相關的時間和費用，讓管理層更多地專注於業務運營。
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.
公司於8月26日通知了紐約交易所美國部門，並計劃在9月6日左右向證券交易委員會提交第25表格(Form 25)，預計退市將於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.
根據Benzinga Pro的數據，AAMC的52周最高價爲7.28美元，52周最低價爲1.68美元。