Dilution profile // every instrument, one screen, from SEC filings

ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPSW)

CIK 1462418 · all EDGAR filings →

Overall dilution risk
HIGHworst of 4 computed signals (offering ability)
= the worst band among the computed sub-ratings, no hidden weighting
Offering ability
HIGH$86.3M registered
= total registered offering amount from the fee exhibits of live registrations (bands: $1M / $20M)
one or more live registrations had no structured fee data, so the true total is AT LEAST this
Overhead supply
LOWwarrants = 0% of O/S
= warrant shares outstanding divided by current shares outstanding (bands: 20% / 50%)
warrants only; converts, ATMs and equity lines are not in free structured data, so the true overhead is AT LEAST this
Historical dilution
LOW-45% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
a reverse-split-sized cliff is in this window; read the chart
Cash need
LOW~54.9 months of runway
= cash vs trailing operating burn (bands: 6mo / 24mo; positive operating CF = low)

Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.

Shares outstanding over time

2020-10-232026-07-17

Latest: 11.4M shares as of Jul 17, 2026 (10-Q). Share count fell from 87.6M to 11.0M between Apr 28, 2025 and Jul 18, 2025, a pattern consistent with a reverse split (roughly 1-for-8); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.

Cash runway

Self-funding

profitable · generates cash

Full breakdown: cash runway tool · source filing →

Warrants

TrancheWarrantsExercise priceTermNotes
Stakeholder Warrants Cash Exercises35.2Mnot tagged
Stakeholder Warrants Net Settle35.2Mnot tagged
Stakeholder Warrant Shares Cash Exercises7.2Mnot tagged
Stakeholder Warrant Shares Net Settle7.1Mnot tagged

Tranches exactly as the company dimensioned them in its 10-Q filed Jul 23, 2026. Groupings can overlap (a “Series E and F” row is not additive with a “Series E” row), so do not sum this column. A tranche the filer did not tag is absent here, not absent from the cap table. DOWN-ROUND = the filer tagged price-protection accounting scoped to that tranche.

Warrants outstanding: 0 underlying shares, as reported Dec 31, 2025 (10-K).

Reported exercise price: $0.01 (aggregate figure as tagged; individual tranches vary).

Rough fully diluted estimate: 11.4M = 11.4M O/S + 0 warrant shares. An estimate, not a filing figure: it ignores converts, options and RSUs, and the two inputs carry different as-of dates.

Convertible notes

No convertible-note facts tagged in the 10-Q filed Jul 23, 2026. If convertible notes exist, their terms live in exhibit prose for this filer and are not parsed; absence of a tag is not proof of absence. The exhibits are the ground truth.

Fully diluted build-up

Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.

Shares outstanding11.4MJul 17, 2026
+ Stakeholder Warrants Cash Exercises (if exercised)35.2MJun 30, 2026
+ Stakeholder Warrants Net Settle (if exercised)35.2MJun 30, 2026
+ Stakeholder Warrant Shares Cash Exercises (if exercised)7.2MJun 30, 2026
+ Stakeholder Warrant Shares Net Settle (if exercised)7.1MJun 30, 2026
Fully diluted estimate96.1M+741.5% vs O/S

Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.

Registrations and offerings

Registered offering capacity on live registrations: $86.3Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-3Oct 24, 2025$86.3M registeredfiling →
S-1Jan 31, 2025no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →
S-3Dec 28, 2023no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →

Last 12 months: 0 executed · 1 registered.

UPDATEDec 3, 2025Prospectus update — often a resale registration, not necessarily new capital424B3
EFFECTIVENov 28, 2025SEC declared a registration effective — selling can beginEFFECT
REGISTEREDOct 24, 2025S-3 registration — capacity to sell shares, not a sale yetS-3
UPDATEMay 1, 2025Prospectus update — often a resale registration, not necessarily new capital424B3
EFFECTIVEApr 30, 2025SEC declared a registration effective — selling can beginEFFECT
REGISTEREDApr 25, 2025S-1/A registration — capacity to sell shares, not a sale yetS-1/A
REGISTEREDApr 10, 2025S-1/A registration — capacity to sell shares, not a sale yetS-1/A
EXECUTEDFeb 25, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
REGISTEREDJan 31, 2025S-1 registration — capacity to sell shares, not a sale yetS-1
UPDATEJan 9, 2024Prospectus update — often a resale registration, not necessarily new capital424B3
EFFECTIVEJan 9, 2024SEC declared a registration effective — selling can beginEFFECT
REGISTEREDDec 28, 2023S-3 registration — capacity to sell shares, not a sale yetS-3

Full history and shelf status: offering checker · S-3 shelf checker

Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.

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