Abacus Global Management Responds To Misleading Short Report; Says Abacus Will Be Producing A More Detailed Response To The Inaccurate And False Claims Made By The Short Seller In The Coming Days.

Author: Benzinga Newsdesk | June 04, 2025 03:50pm

Abacus Global Management, Inc. ("Abacus" or the "Company") (NASDAQ:ABL), a leader in the alternative asset management space, today provided the following response to a false and misleading short attack.

Abacus has been buying and selling life insurance policies for over two decades with long-standing and trusted counter-party relationships. If Abacus used flawed data causing over-valuation of the underlying insurance product assets, the Company would be going out of business, not consistently producing positive realized returns. As highlighted in the first quarter 10-Q Abacus filed on May 8, 2025, Abacus realized gains of nearly 40% while deploying capital of 126 million. These realized gains were within a margin of error of 2% of the mark from the prior quarter.

Posted In: ABL