Assertio Holdings, Inc. Announces 1:15 Reverse Stock Split

Assertio Holdings, Inc. has announced a 1-for-15 reverse stock split of its common stock, effective December 26, 2025. This action, approved by stockholders on May 7, 2025, will consolidate every fifteen shares into one. Fractional shares will be settled in cash. The reverse split will also trigger proportionate adjustments to the conversion rate of the company's 6.5% Convertible Senior Notes due 2027 and to equity incentive compensation plans, including stock options and restricted stock units. The company's common stock will continue trading on the Nasdaq Stock Market under the symbol "ASRT" on a split-adjusted basis.