On May 20, 2020, Assertio Holdings completed the previously announced merger pursuant the Agreement and Plan of Merger (the Merger Agreement") by and between Assertio Therapeutics, Inc., a Delaware corporation (Assertio), Zyla Life Sciences, a Delaware corporation (Zyla), Assertio Holdings (formerly known as Alligator Zebra Holdings, Inc.), Alligator Merger Sub, Inc., a Delaware corporation (Assertio Merger Sub), and Zebra Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of the Company (Merger Sub). Pursuant to the Merger Agreement, Zebra Merger Sub merged with and into Zyla on May 20, 2020 effective as of the filing of the certificate of merger with the Delaware Secretary of State (the Effective Time"), with Zyla continuing as the surviving corporation and wholly-owned subsidiary of Assertio Holdings (the Merger). In connection with the consummation of the Merger, Karen A. Dawes, James P. Fogarty and James J. Galeota, Jr. resigned from the board of the Company effective as of May 19, 2020.