secwatch.observer — SEC 8-K summary
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Issuer:     Assertio Holdings, Inc. (ASRT)
CIK:        0001808665
Form:       8-K
Filed at:   2024-02-23T23:59:59+00:00
Accession:  0001104659-24-027093
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Assertio Holdings receives Nasdaq delisting notice for bid price below $1.00
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- Received Nasdaq notice on Feb 21, 2024, because common stock bid price closed below $1.00 for 30 consecutive business days.
- Has 180 calendar days (until Aug 19, 2024) to regain compliance by closing at $1.00+ for 10 consecutive business days.
- If not compliant by deadline, may be eligible for additional 180-day period; company may consider reverse stock split.
- No immediate delisting; the Notice does not affect current trading on Nasdaq.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1808665/000110465924027093/0001104659-24-027093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1808665/000110465924027093/tm247061d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-027093

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer