Altisource Asset Management receives communications from NYSE

Altisource Asset Management Corporation announced that on November 30, 2023, the company received a written notice from the New York Stock Exchange that the NYSE would delist the company’s shares of common stock from the Exchange. NYSE Regulation staff has determined that the company is no longer qualified for listing pursuant to Section 1009(a) of the NYSE American Company Guide, citing non-compliance with Sections 1003(a)(i), (ii) and (iii) thereof. The company has a right to appeal this determination, provided that it files a written request for such review within seven calendar days after receiving the Notice. The company’s board of directors intends to exercise its right to appeal the NYSE Regulation staff’s determination by the Listings Qualifications Panel of the Committee for Review of the Board of Directors of the Exchange. Following such appeal and a decision by the Panel, NYSE American or the company will make an announcement regarding either delisting or continued trading of the company’s common stock. There can be no assurance of the outcome of any such appeal or that the Exchange will reconsider its decision to delist the company in light of such appeal.