Altisource Asset Management Corporation Announces Purchases of Common Stock by Directors and Officers
27 Avril 2022 - 2:25PM
Altisource Asset Management Corporation (“AAMC” or the “Company”)
(NYSE American: AAMC) today announced that Ricardo C. Byrd and John
P. de Jongh, Jr., directors of the Company, and Stephen R.
Krallman, Chief Financial Officer of the Company have purchased
1,886, 1,000 and 2,000 shares of the Company’s common stock,
respectively.
The Company also announced that its newly appointed President
and Chief Operating Officer, Jason Kopcak, has purchased 5,000
shares of the Company’s common stock.
The purchases of Messrs. Byrd, de Jongh, Jr, and Krallman will
be reflected in each of their amended Form 4s which will be filed
on a timely basis and Mr. Kopcak’s purchases will be reflected in
his initial Form 3 after he begins employment with the Company.
The Company continues to execute on its plan for building the
Alternative Lending Group through purchasing loans and building a
loan origination business. The Company also continues to assess
opportunities in the Crypto ATM space. Mr. Kopcak will join the
Company in May 2022.
About AAMC
AAMC is an alternative lending company that provides liquidity
and capital to under-served markets. We also continue to assess
opportunities that could potentially be of long-term benefit to
shareholders such as our Crypto-ATMs. Additional information is
available at www.altisourceamc.com.
Forward-looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, regarding management’s beliefs, estimates, projections,
anticipations, and assumptions with respect to, among other things,
the Company’s financial results, future operations, business plans
and investment strategies as well as industry and market
conditions. These statements may be identified by words such as
“anticipate,” “intend,” “expect,” “may,” “could,” “should,”
“would,” “plan,” “estimate,” “target,” “seek,” “believe” and other
expressions or words of similar meaning. We caution that
forward-looking statements are qualified by the existence of
certain risks and uncertainties that could cause actual results and
events to differ materially from what is contemplated by the
forward-looking statements. Factors that could cause our actual
results to differ materially from these forward-looking statements
may include, without limitation, our ability to develop our
businesses, and to make them successful or sustain the performance
of any such businesses; developments in the litigation regarding
our redemption obligations under the Certificate of Designations of
our Series A Convertible Preferred Stock; and other risks and
uncertainties detailed in the “Risk Factors” and other sections
described from time to time in the Company’s current and future
filings with the Securities and Exchange Commission. The foregoing
list of factors should not be construed as exhaustive.
The statements made in this press release are current as of the
date of this press release only. The Company undertakes no
obligation to publicly update or revise any forward-looking
statements or any other information contained herein, whether as a
result of new information, future events or otherwise.
FOR FURTHER INFORMATION CONTACT:
Investor Relations
T: +1-704-275-9113
E: IR@AltisourceAMC.com
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