8-K/A: Scepter Holdings Announces Effective Dates for Reverse Stock Split and Rebranding to Adapti, Inc.

Scepter Holdings, Inc. has announced the effective dates for its 1-for-4,000 reverse stock split and corporate name change to Adapti, Inc., with trading under the new post-split symbol BRZLD commencing May 28, 2025.

Summary

• Scepter Holdings, Inc. (the "Company") filed an amendment to its Current Report on Form 8-K to disclose the effective dates for previously announced corporate actions.
• A 1-for-4,000 reverse stock split of the Company's common stock, par value $0.001 per share, will become effective at the open of business on May 28, 2025.
• The corporate name will change from Scepter Holdings, Inc. to Adapti, Inc., effective at the open of business on May 28, 2025.
• The common stock will begin trading on a post-split basis at the market open on May 28, 2025, under the temporary symbol BRZLD.
• The new CUSIP for the common stock is 813924107.
• The ticker symbol is expected to change to ADPI, subject to availability, beginning 20 business days after May 28, 2025.

Sentiment

Score: 5

Explanation: The document is a procedural update regarding the effective dates of previously announced corporate actions. It does not contain new financial results, operational updates, or explicit positive/negative framing, thus maintaining a neutral sentiment.

Positives

• NA

Negatives

• NA

Risks

• Actual results may differ materially from anticipated results due to various risks and uncertainties.
• Factors or events that could cause actual results to differ may emerge over time, and not all can be predicted.
• The Company undertakes no obligation to publicly update any forward-looking statement, except as required by law.

Future Outlook

The document contains standard forward-looking statements, indicating that actual results may differ materially from expectations due to various risks and uncertainties. It refers to risk factors detailed in the Company's most recent periodic reports filed with the Commission.

Management Comments

• Adam Nicosia, Chief Executive Officer, signed the report on behalf of Scepter Holdings, Inc.

Industry Context

This announcement primarily concerns corporate structural changes (reverse stock split and name change) rather than operational or industry-specific developments. Such actions are typically undertaken for strategic reasons, such as improving share price per share, attracting institutional investors, or signaling a new corporate direction, which are common practices across various industries.

Corporate Governance

Stakeholder Impact

• Shareholders will experience a reduction in the number of shares held, with a proportional increase in the per-share value, and will trade under a new company name and ticker symbol.
• The corporate name change to Adapti, Inc. may signal a strategic shift or rebranding effort for the company.

Next Steps

• Common stock will begin trading on a post-split basis under the symbol BRZLD at market open on May 28, 2025.
• The ticker symbol is expected to change to ADPI, subject to availability, beginning 20 business days after May 28, 2025.

Key Dates

Keywords

Scepter Holdings, Adapti, reverse stock split, stock split, name change, corporate rebranding, FINRA, common stock, CUSIP, ticker symbol, corporate action