{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-024510","form_type":"8-K","ticker":"ASRT","cik":"0001808665","company_name":"Assertio Holdings, Inc.","filed_at":"2023-02-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.677481+00:00","generated_at":"2026-06-19T03:12:29.193294+00:00","sec_items":["1.01","3.02","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Assertio exchanges $30M of 6.50% convertible notes for $10.5M cash + 7M shares; reduces debt by 42.9%","bullets":["$30M principal of 6.50% Convertible Senior Notes due 2027 exchanged for $10.5M cash and ~7M shares.","Debt reduced by 42.9% from $70M to $40M remaining outstanding.","Annual interest savings of $2.0M from reduced debt.","Transaction accretive to diluted EPS by $0.02 in 2023.","Closing expected February 27, 2023; SVB Securities acted as exchange agent."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-024510","json":"https://secwatch.observer/filing/0001104659-23-024510.json","markdown":"https://secwatch.observer/filing/0001104659-23-024510.md","text":"https://secwatch.observer/filing/0001104659-23-024510.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1808665/000110465923024510/0001104659-23-024510-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1808665/000110465923024510/tm237635d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T03:12:29.193294+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"564fd7d26ec0853db57943f08c466db8aab08925","claim":"Assertio Holdings, Inc. entered into Exchange Agreements with a limited number of holders of the Company's 6.50% Convertible Senior Notes due 2027 valued at $30.0 million (effective 2023-02-23).","evidence_excerpt":"On February 23, 2023, Assertio Holdings, Inc. (the “ Company ”) announced it has entered into separate, privately negotiated exchange agreements (the “ Exchange Agreements ”) with a limited number of holders of the Company’s currently outstanding 6.50% Convertible Senior Notes due 2027 (the “ Exchanged Notes ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1808665/000110465923024510/0001104659-23-024510-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"a limited number of holders of the Company's 6.50% Convertible Senior Notes due 2027"},{"label":"Value","value":"$30.0 million"},{"label":"Effective","value":"2023-02-23"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}