Altisource Asset Management issues a response to Joshua Horowitz/Palm Global Small Cap Master Fund LP letter (1/26/22)
January 26, 2022
Joshua S. Horowitz c/o Palm Global Small Cap Master Fund LLC 19 West Elm Street Greenwich, CT 06830
Dear Mr. Horowitz,
We are in receipt of your letter dated January 24, 2022 and appreciate feedback from our shareholders. As the Company has previously disclosed, we continue to review a number of potential acquisition and merger targets. The Company also engaged the services of an investment bank, Cowen and Company, LLC, and the law firm, Norton Rose Fulbright, LLP, to assist us in identifying and reviewing potential acquisition and merger opportunities. We appreciate the significance of the trading halt to shareholders and we have been in ongoing communication with representatives of the NYSE about the trading halt. Having said that, at this time we are not in a position to provide an update, but rest assured we will provide an update to our shareholders as soon as we can.
/s/ John P. de Jongh, Jr. John P. de Jongh, Jr. Interim Chairman of the Board
CC: Ricardo C. Byrd John A. Engerman Thomas McCarthy