On March 26, 2026, Advantage Solutions Inc. executed a 1-for-25 reverse stock split of its Class A common stock, as approved by its Board of Directors following a special meeting of stockholders on March 16, 2026. This strategic move aims to consolidate the number of outstanding shares, thereby potentially increasing the stock price and improving the company's market perception. The reverse stock split will reduce the number of shares held by stockholders, with every 25 shares being converted into one new share. This action is expected to enhance the company's ability to meet the listing requirements of the NASDAQ Global Select Market, where its shares are traded under the symbol 'ADV'. The reverse stock split will not affect the par value of the common stock, which remains at $0.0001 per share. Stockholders entitled to fractional shares will receive cash payments based on the closing sales price of the common stock on the last trading day prior to the effective date. Trading on a split-adjusted basis is anticipated to commence on March 27, 2026. This move is seen as a proactive measure to bolster the company's stock performance and investor confidence.
Press Release distribution
National Press Distribution across U.S. Media. Direct Access to Key Decision Making Editors.