Abacus Global Management Addresses False Allegations
ORLANDO, Fla., June 10, 2025 – Abacus Global Management, Inc. (NASDAQ: ABL) has responded to a recent short attack by addressing the false and misleading allegations made against the company. The short seller’s report, published on June 4, 2025, made two primary claims: that Abacus relies too heavily on a single life expectancy provider, Lapetus Solutions, and that this reliance has inflated the company’s balance sheet valuation.
Independent Validation Supports Abacus’s Valuation Methodology
Abacus engaged Lewis and Ellis, a third-party actuarial firm, to review its entire policy balance sheet as of Q1 2025. The review removed all Lapetus life expectancy estimates and resulted in a valuation of $449 million, within 1% of Abacus’s stated valuation of $446 million. This independent validation supports Abacus’s mark-to-market valuation approach.
Dual Valuation Approach Explained
Abacus uses a sophisticated valuation framework that employs different methodologies at various stages of the asset lifecycle. For consumer transactions, life expectancy estimates ensure fair pricing, with Abacus paying an average of 20.4% of policy face value in 2023. For balance sheet management, Abacus uses a market-based valuation system that prioritizes actual market results.
Recent Market Transactions Confirm Valuation Accuracy
In Q2 2025, through June 2nd, Abacus sold 226 policies for $141.4 million, realizing an incremental gain of 1.65% compared to the estimated balance sheet value of $139.1 million as of March 31, 2025. This supports the accuracy of Abacus’s mark-to-market approach.
Executive Alignment with Shareholders
Abacus executives and major shareholders, who collectively own approximately 46% of outstanding shares, are committed to the company’s success. The upcoming expiration of their lock-up period on July 3, 2025, is seen as an opportunity to achieve future milestones, particularly the potential inclusion in the Russell 2000 and 3000 indices in August 2025.
Conclusion
Abacus Global Management remains confident in its valuation methodology and business practices, supported by third-party analysis, market transactions, and executive commitment. The company is poised for continued growth and expansion in the alternative asset management space.
