Fortrea adopts limited-duration rights plan with 10% trigger and 50% discount

Fortrea Holdings Inc.

Rights trigger if any person acquires 10%+ of common stock; other holders can buy shares at 50% discount.
Plan expires June 10, 2026; board may redeem rights at $0.001 per right.
Adopted in response to stock price dislocation and recent third-party interest to capitalize on it.
Record date for rights distribution is June 23, 2025; rights initially trade with common stock.

item 1.01 item 3.03 item 5.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Fortrea Holdings Inc.: Filed Certificate of Designations of Series A Preferred Stock in connection with adoption of Rights Agreement (effective 2025-06-12).

Change: charter amendment
Effective: 2025-06-12

Exact text from the filing

In connection with the adoption of the Rights Agreement, on June 12, 2025, the Company filed a Certificate of Designations of Series A Preferred Stock with the Secretary of State of the State of Delaware.

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Fortrea Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-139600

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