Advantage Solutions Inc. Implements 1-for-25 Reverse Stock Split

Date: March 26, 2026

Advantage Solutions Inc. (NASDAQ: ADV) has announced a significant corporate action that will impact all holders of its Class A common stock. The company has effected a 1-for-25 reverse stock split, which was approved by shareholders at a special meeting held on March 16, 2026. This decision comes as part of the company’s strategic efforts to manage its capital structure and potentially address concerns regarding its continued NASDAQ listing.

Key Points of the Announcement

• Reverse Stock Split Ratio: Every 25 shares of Advantage Solutions Inc.’s Class A common stock (par value \$0.0001 per share) issued and outstanding have been automatically reclassified into one (1) new share of common stock.
• Effective Date and Timing: The reverse split became effective at 5:00 p.m. Eastern Time on March 26, 2026.
• Fractional Shares: No fractional shares will be issued. Shareholders entitled to a fractional share as a result of the reverse split will receive a cash payment in lieu of such fractional shares, calculated based on the closing sales price (as adjusted for the split) on NASDAQ on March 26, 2026.
• Trading Details: The company’s common stock will begin trading on a split-adjusted basis under the existing symbol “ADV” when the market opens on March 27, 2026. The new CUSIP number for the post-split shares is 00791N 201.
• Par Value Unchanged: The par value of the common stock remains at \$0.0001 per share following the reverse split.
• Adjustment to Equity Awards & Agreements: Proportionate adjustments will be made to the number of shares underlying the company’s outstanding equity awards, equity incentive plans, and certain existing agreements. The exercise price of such awards will also be adjusted as applicable.
• Full Payment and Non-Assessability: All post-split shares issued will remain fully paid and non-assessable.

Implications for Shareholders

• Share Price Sensitivity: Reverse stock splits are often employed to increase the per-share trading price of a company’s stock. This move is particularly relevant if a company is at risk of falling below the minimum price requirements for continued listing on a major exchange such as NASDAQ. There is a risk that if the company does not meet NASDAQ’s ongoing listing standards, it could face a delisting, which would have a material impact on share liquidity and value.
• Shareholder Value: The reverse stock split does not, by itself, affect the total value of a shareholder’s investment in the company, as the market price per share is expected to be adjusted proportionally. However, market perceptions regarding the reasons for the reverse split and the company’s future prospects may impact share price volatility.
• Corporate Governance: The reverse split and related amendments to the Certificate of Incorporation were duly authorized and adopted by both the Board of Directors and the shareholders, reflecting corporate governance procedures and shareholder involvement.
• Potential Delisting Risk: The company explicitly notes the risk of failing to meet NASDAQ’s continued listing requirements as a material risk factor. Investors should closely monitor future filings and company performance.

Forward-Looking Statements

The company’s report contains forward-looking statements regarding the process and expected trading of the split-adjusted shares. These statements are based on management’s current expectations and involve risks and uncertainties, including the potential failure to meet NASDAQ’s continued listing requirements and other factors disclosed in the company’s filings.

Additional Information

• Corporate Name and Address: Advantage Solutions Inc., 7676 Forsyth Boulevard, 5th Floor, St. Louis, MO 63105.
• Trading Symbol: ADV
• Exchange: NASDAQ Global Select Market
• Exhibit Filed: A copy of the Certificate of Amendment to the Third Amended and Restated Certificate of Incorporation is filed as Exhibit 3.1 to this Report.

Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. Investors should conduct their own due diligence and consult with financial advisors before making investment decisions. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected.

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