Assertio Holdings Faces Listing Rule Concerns

TL;DR

ASRT might be in trouble with the exchange - listing rules issue.

AI Summary

Assertio Holdings, Inc. filed an 8-K on January 28, 2025, reporting a notice of delisting or failure to satisfy a continued listing rule or standard, with the earliest event reported on January 22, 2025. The company is incorporated in Delaware and its principal executive offices are located in Lake Forest, Illinois.

Why It Matters

This filing indicates potential issues with Assertio Holdings' compliance with stock exchange listing requirements, which could impact its stock trading status.

Risk Assessment

Risk Level: medium — A notice of delisting or failure to meet listing standards suggests potential financial or operational difficulties that could affect the company's stock.

Key Players & Entities

• Assertio Holdings, Inc. (company) — Registrant
• January 22, 2025 (date) — Earliest event reported
• January 28, 2025 (date) — Filing date
• Delaware (jurisdiction) — State of incorporation
• Lake Forest, IL (location) — Principal executive offices

FAQ

Key Financial Figures

• $0.0001 — ge on which registered: Common Stock, $0.0001 par value ASRT The Nasdaq Stock Mar
• $1.00 — was not in compliance with the minimum $1.00 per share requirement for continued lis

Filing Documents

• tm254257d1_8k.htm (8-K) — 25KB
• 0001104659-25-006756.txt ( ) — 195KB
• asrt-20250122.xsd (EX-101.SCH) — 3KB
• asrt-20250122_lab.xml (EX-101.LAB) — 33KB
• asrt-20250122_pre.xml (EX-101.PRE) — 22KB
• tm254257d1_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 January 22, 2025, Assertio Holdings, Inc. (the "Company") notified the Listing Qualifications Department of The Nasdaq Stock Market ("Nasdaq") that it was not in compliance with the minimum $1.00 per share requirement for continued listing under Nasdaq Listing Rule 5550(a)(2) (the "Bid Price Rule") and thereafter received notification from Nasdaq on January 22, 2025 (the "Notice") indicating that the Company's common stock is subject to potential delisting from the Nasdaq Capital Market because, for a period of 32 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 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 July 21, 2025 (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. 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: January 28, 2025 By: /s/ Sam Schlessinger Sam Schlessinger Senior Vice President, General Counsel