Advantage Solutions Inc. 8-K

What Happened

• Advantage Solutions Inc. announced a 1-for-25 reverse stock split of its Class A common stock, effective at 5:00 p.m. Eastern Time on March 26, 2026. The Company filed a Certificate of Amendment with the Delaware Secretary of State to effect the change after shareholder approval at a March 16, 2026 special meeting and Board approval of the 1-for-25 ratio.
• The split automatically reclassified every 25 outstanding shares into one new share (no action required by holders). Trading on the Nasdaq Global Select Market is expected to begin on a split‑adjusted basis when the market opens on March 27, 2026, under the existing ticker “ADV.”

Key Details

• Reverse split ratio: 1-for-25 (approved by stockholders to allow the Board discretion to choose any whole-number ratio between 1-for-10 and 1-for-25).
• Effective time/date: 5:00 p.m. ET on March 26, 2026; split-adjusted trading starts March 27, 2026.
• Fractional shares: No fractional shares will be issued; holders entitled to fractions will receive a cash payment in lieu, calculated using the closing sales price on Nasdaq on March 26, 2026 (adjusted for the reverse split).
• Administrative items: Proportionate adjustments will be made to outstanding equity awards, shares issuable under equity incentive plans and certain agreements, and applicable exercise prices. New CUSIP: 00791N 201.

Why It Matters

• A reverse stock split reduces the number of outstanding shares and increases the per‑share price proportionally; this can affect liquidity, per‑share metrics, and the number of shares investors hold (converted automatically).
• Investors holding fractional interests will receive cash instead of fractional shares, and holders of equity awards should expect adjusted share counts and exercise prices. The Company also reiterated forward‑looking statement cautions and referenced risks such as maintaining Nasdaq listing requirements.