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Assertio Holdings, Inc. Announces 1-for-15 Reverse Stock Split
LAKE FOREST, Ill., December 22, 2025--Assertio Holdings, Inc. ("Assertio" or the "Company") (NASDAQ: ASRT) today announced that it filed a certificate of amendment to its certificate of incorporation (the "Certificate of Amendment") on December 19 to implement a one-for-fifteen reverse split of its issued and outstanding common stock (the "Reverse Split").
About this update from Assertio Holdings, Inc.
[{"type":"text","content":"LAKE FOREST, Ill., December 22, 2025--(BUSINESS WIRE)--Assertio Holdings, Inc. ("Assertio" or the "Company") (NASDAQ: ASRT) today announced that it filed a certificate of amendment to its certificate of incorporation (the "Certificate of Amendment") on December 19 to implement a one-for-fifteen reverse split of its issued and outstanding common stock (the "Reverse Split").","length":415,"tagName":"p"},{"type":"text","content":"The Reverse Split will become effective as of 12:01 a.m. Eastern Time on December 26, 2025, and the Company’s common stock will begin trading on a split-adjusted basis when the market opens on December 26, 2025. The Company’s common stock will continue to trade on The Nasdaq Stock Market LLC ("Nasdaq") under the symbol "ASRT." The new CUSIP number for the common stock following the Reverse Split will be 04546C 304.","length":438,"tagName":"p"},{"type":"text","content":""After carefully evaluating all available options, the Board and its external legal and financial advisors determined that a reverse stock split is the most effective step to maintain our Nasdaq listing. This action gives us the flexibility to build on the momentum of Rolvedon, our core growth driver, and supports our progress toward becoming a sustainable, commercially focused organization that can deliver long-term value to shareholders," said Mark Reisenauer, Chief Executive Officer.","length":501,"tagName":"p"},{"type":"text","content":"When the Reverse Split becomes effective, every fifteen shares of the Company’s issued and outstanding common stock will automatically be converted into one share of common stock, without any change in the par value per share. In addition, proportionate adjustments will be made (i) to the conversion rate of the Company’s 6.5% Convertible Senior Notes due 2027, and (ii) to the number of shares authorized and reserved for issuance pursuant to the Company’s equity incentive compensation plans and the number of shares underlying and exercise price (if any) of outstanding equity awards. No fractional shares of Common Stock will be issued as a result of the Reverse Split. In lieu of any fractional shares to which a stockholder of record would otherwise be entitled, the Company will pay cash equal to such fraction multiplied by the closing pri...