Synergy CHC Corp. Common Stock

Synergy CHC Corp., the maker of Focus Factor, filed for Chapter 11 bankruptcy on September 4, 2026, in the U.S. Bankruptcy Court for the District of Columbia after Costco told the company in July it would discontinue Focus Factor products following a 16-year relationship. Costco accounted for approximately 58% of Synergy's net revenue in the fiscal year ended December 31, 2025, and its decision triggered an $18.9 million debt acceleration from the company's lender. Reckitt Benckiser, whose Neuriva brain supplement is already sold at Costco for $43.99 per 50-capsule bottle, is positioned as the clearest beneficiary, with H1 2026 Core Reckitt like-for-like net revenue growth of 2.7% accelerating to 4.2% in the second quarter, a 60.9% gross profit margin, a 24.8% adjusted operating profit margin, £419 million in first-half free cash flow, and roughly £3 billion returned to shareholders through dividends and buybacks. Reckitt also announced a 5% increase in its interim dividend and an additional £500 million share buyback, with full-year 2026 guidance calling for 4% to 5% like-for-like net revenue growth in Core Reckitt. RBGLY trades at $14.00, down 10.62% year-to-date, with a trailing P/E of 11.36 and a forward P/E of 14.24.

Synergy CHC Corp., the maker of Focus Factor supplements, has filed for Chapter 11 bankruptcy after Costco Wholesale Corporation decided to stop carrying its products, a move that threatened the company's financial stability. Costco, which accounted for approximately 58% of Synergy's net revenue in the fiscal year ended December 31, 2025, informed the company on July 15, 2026, that it would discontinue the products, according to an SEC filing. The bankruptcy filing, submitted on September 4, 2026, in the U.S. Bankruptcy Court for the District of Columbia, lists assets between $1 million and $10 million and liabilities between $10 million and $50 million. Synergy also received a Nasdaq notice on August 20 for delayed filing of its quarterly report, which led its lender to accelerate repayment of about $18.9 million. The company continues to operate under Chapter 11 and has not yet announced its future plans.