Assertio Holdings Faces Potential Delisting or Listing Transfer

TL;DR

**Assertio Holdings is in hot water with its stock exchange, facing a potential delisting or transfer due to non-compliance.**

AI Summary

Assertio Holdings, Inc. filed an 8-K on February 23, 2024, reporting an event on February 21, 2024, regarding a 'Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing'. This indicates the company is facing issues with its stock exchange listing requirements, potentially leading to delisting or a transfer to another exchange. The filing does not specify the exact nature of the non-compliance or the exchange involved.

Why It Matters

This filing signals significant uncertainty for Assertio Holdings' investors, as a delisting could severely impact stock liquidity and investor confidence. It suggests underlying operational or financial challenges that led to the non-compliance.

Risk Assessment

Risk Level: high — A notice of delisting or failure to satisfy listing standards indicates significant operational or financial issues that could negatively impact the company's stock and investor confidence.

Key Players & Entities

• Assertio Holdings, Inc. (company) — Registrant facing listing issues
• February 21, 2024 (date) — Date of earliest event reported
• February 23, 2024 (date) — Filing date of the 8-K
• Delaware (company) — State of Incorporation
• 100 S. Saunders Road, Suite 300, Lake Forest, IL 60045 (company) — Business Address

FAQ

Key Financial Figures

• $0.0001 — ge on which registered: Common Stock, $0.0001 par value ASRT The Nasdaq Stock Mar
• $1.00 — mmon stock has closed below the minimum $1.00 per share requirement for continued lis

Filing Documents

• tm247061d1_8k.htm (8-K) — 25KB
• 0001104659-24-027093.txt ( ) — 194KB
• asrt-20240221.xsd (EX-101.SCH) — 3KB
• asrt-20240221_lab.xml (EX-101.LAB) — 33KB
• asrt-20240221_pre.xml (EX-101.PRE) — 22KB
• tm247061d1_8k_htm.xml (XML) — 4KB

01

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing . On February 21, 2024, Assertio Holdings, Inc. (the "Company") received notification (the "Notice") from the Listing Qualifications Department of The Nasdaq Stock Market ("Nasdaq") indicating that the Company's common stock is subject to potential delisting from the Nasdaq Capital Market because, for a period of 30 consecutive business days, the bid price of the Company's common stock has closed below the minimum $1.00 per share requirement for continued listing under Nasdaq Listing Rule 5550(a)(2) (the "Bid Price Rule"). The Notice does not result in the immediate delisting of the Company's common stock from the Nasdaq Capital Market. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has a period of 180 calendar days from the date of the Notice, or until August 19, 2024 (the "Compliance Date"), to regain compliance with the Bid Price Rule. The Notice also states that if, at any time before the Compliance Date, the bid price for the Company's common stock closes at $1.00 per share or more for a minimum of 10 consecutive business days, Nasdaq will provide written notification to the Company that it has regained compliance with the Bid Price Rule. In the event the Company does not regain compliance by the Compliance Date, the Company may be eligible for an additional 180 calendar day period in which to regain compliance. The Company intends to actively monitor the closing bid price of its common stock and may, if appropriate, consider available options to regain compliance with the Bid Price Rule, which could include, if necessary, seeking to effect a reverse stock split. However, there can be no assurance that the Company will be able to regain compliance with the Bid Price Rule.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ASSERTIO HOLDINGS, INC. Date: February 23, 2024 By: /s/ Sam Schlessinger Sam Schlessinger Senior Vice President, General Counsel