Assertio Holdings Inc Stock Price, News & Analysis

Assertio Holdings, Inc. (Nasdaq: ASRT) has priced a $60 million offering of 6.50% convertible senior notes due 2027, scheduled to settle on August 25, 2022. The company expects net proceeds of approximately $56.7 million, intended for repurchasing senior secured notes and general corporate purposes. The initial conversion rate is 244.2003 shares per $1,000 note, with a conversion price of $4.09, representing a 12.50% premium over the last stock price. The notes may be redeemed after September 8, 2025, under specific stock price conditions.

Assertio Holdings, Inc. (Nasdaq: ASRT) has announced its plan to offer $60 million in convertible senior notes due 2027, with the option for an additional $10 million. The notes, which will be senior and unsecured, will accrue semi-annual interest and can be converted into cash, shares, or a mix thereof. Proceeds are intended for repurchasing senior secured notes maturing in January 2024 and for general corporate purposes. The offering is a private placement, not registered under the Securities Act.

Assertio Holdings (ASRT) plans to disclose its second quarter 2022 financial results on August 8, 2022, prior to market opening. The management will host a live conference call at 11:30 a.m. ET to discuss the results. Interested parties can access the webcast via the company's investor relations website and should connect 10 minutes early to allow time for any necessary software downloads. A replay of the call will be available shortly after its conclusion.

Assertio specializes in differentiated pharmaceutical products, aiming to enhance its commercial portfolio through strategic opportunities.

Assertio Holdings, Inc. (NASDAQ: ASRT) announced on July 12, 2022, that it granted new employees a total of 17,772 restricted stock units (RSUs) and 18,553 stock options effective July 1, 2022. This incentive aligns with NASDAQ Listing Rule 5635(c)(4) and is contingent on the employees' continued service. The options have an exercise price of $3.15 per share, matching the company's stock closing price on the grant date, with vesting scheduled over three years.

Assertio Holdings (NASDAQ: ASRT) announced its participation in the LD Micro Invitational XII Conference from June 7-9, 2022 at the Four Seasons Hotel in Westlake Village, CA. The Company will present on June 8, 2022, at 3:00 PM PT in Track 1, with opportunities for 1:1 meetings with investors throughout the day. Presentation information will be available on the event day at assertiotx.com. Investors can contact LD Micro or Matt Kreps from Darrow Associates for meeting inquiries.

Assertio Holdings, Inc. (ASRT) reported strong financial results for Q1 2022, with net product sales rising 37% year-over-year to $35.5 million. Net income reached $9.1 million, up 99% from the previous year, driven by higher sales and improved gross profit margin of 88%. The company also raised its full-year non-GAAP adjusted EBITDA guidance to $66-$74 million, reinforcing its commitment to growth and a goal of adding $40 million in gross profit by 2024.

Assertio Holdings, Inc. (NASDAQ: ASRT) is set to release its first quarter 2022 financial results on May 9, 2022, after market close. A live webcast of the earnings conference call will follow at 4:30 p.m. ET. Investors can access the webcast and related materials through the company's investor relations website. Assertio focuses on specialty pharmaceuticals, leveraging a non-personal promotional model while expanding its product portfolio through both existing and new opportunities.

Assertio Holdings, Inc. (NASDAQ: ASRT) and BlinkRx have announced a collaboration aimed at facilitating patient access to Otrexup, a once-weekly auto-injector that delivers methotrexate. This partnership seeks to eliminate barriers to medication access for patients and healthcare professionals. The BlinkRx program provides patients with transparent pricing, free home delivery, and personalized support. Assertio's CEO, Dan Peisert, expressed enthusiasm for this digital solution, aligning with the company's strategy for enhanced patient engagement.

Assertio Holdings, Inc. (ASRT) reported a 7% increase in fourth quarter net product sales to $32.2 million and $109.4 million for the full year 2021, driven by price favorability for Cambia and Indocin. The non-GAAP adjusted EBITDA surged 118% year-over-year to $17.8 million in Q4. The company provided 2022 guidance for net product sales between $126 million and $136 million and adjusted EBITDA from $64 million to $72 million. Assertio completed the acquisition of Otrexup, contributing to its growth strategy.