Altisource Asset Management CORP

Market Movers (8-K)

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Altisource Asset Management Corporation amended its licensing agreement with System73 Limited, tying compensation to future shareholder dividends generated from electric vehicle technology.
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Altisource Asset Management Corporation has announced its intention to voluntarily delist from the NYSE American and deregister its common stock due to cost savings and the inability to realize the benefits of being a public company.
Worse than expected
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Altisource Asset Management Corporation has dismissed Ernst & Young LLP and appointed PKF O'Connor Davies, LLP as its new independent auditor, effective August 15, 2024.
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Altisource Asset Management Corporation has received notice from the NYSE American that it is not in compliance with continued listing standards due to insufficient stockholders' equity.
Worse than expected
Capital raise
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Altisource Asset Management Corporation (AAMC) has provided an update to shareholders regarding the commercialization phase of their EV Alpha Control System, highlighting progress in motor selection and demonstrator vehicle acquisition.
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Altisource Asset Management Corporation (AAMC) has reached a settlement with Luxor Capital, resolving litigation and avoiding delisting from the NYSE American.
Better than expected

Quarterly Earnings (10-Q)

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Altisource Asset Management Corporation (AAMC) reports a net loss for Q2 2024, transitioning its primary focus to electric vehicle (EV) intellectual property development.
Worse than expected
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Altisource Asset Management Corporation (AAMC) reports a net loss for Q1 2024 while focusing on its new electric vehicle (EV) business and winding down its alternative lending group (ALG).
Worse than expected

Annual Reports (10-K)

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Altisource Asset Management Corporation filed an amendment to its 2023 annual report to include previously omitted information regarding directors, executive compensation, and related matters.
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Altisource Asset Management Corporation (AAMC) transitions from alternative lending to electric vehicle technology licensing, while reporting a net loss for 2023 due to loan portfolio liquidation.
Worse than expected