# EDGAR Filing Document

**Accession Number:** 0001965040
**File Stem:** 0001965040-25-000095
**Filing Date:** 2025-8
**Character Count:** 28969
**Document Hash:** 36b670b93ecb25706ee2a0c322787c2f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001965040-25-000095.hdr.sgml**: 20250902

**ACCESSION NUMBER**: 0001965040-25-000095

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 14

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250831

**EFFECTIVENESS DATE**: 20250829

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Fortrea Holdings Inc.
- **CENTRAL INDEX KEY:** 0001965040
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-MEDICAL LABORATORIES [8071]
- **ORGANIZATION NAME:** 08 Industrial Applications and Services
- **EIN:** 922796441
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-289977
- **FILM NUMBER:** 251282727

**BUSINESS ADDRESS:**
- **STREET 1:** 8 MOORE DRIVE
- **CITY:** DURHAM
- **STATE:** NC
- **ZIP:** 27709
- **BUSINESS PHONE:** 877-495-0816

**MAIL ADDRESS:**
- **STREET 1:** 8 MOORE DRIVE
- **CITY:** DURHAM
- **STATE:** NC
- **ZIP:** 27709

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Silver Spinco Inc.
- **DATE OF NAME CHANGE:** 20230207

---

| | | |
|:---|:---|:---|
| **As filed with the Securities and Exchange Commission on August 29, 2025** | **As filed with the Securities and Exchange Commission on August 29, 2025** | **As filed with the Securities and Exchange Commission on August 29, 2025** |
| **Registration No. 333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** | **Registration No. 333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** | **Registration No. 333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** |
| **UNITED STATES** | **UNITED STATES** | **UNITED STATES** |
| **SECURITIES AND EXCHANGE COMMISSION** | **SECURITIES AND EXCHANGE COMMISSION** | **SECURITIES AND EXCHANGE COMMISSION** |
| **WASHINGTON, DC 20549** | **WASHINGTON, DC 20549** | **WASHINGTON, DC 20549** |
| _______________________________ | _______________________________ | _______________________________ |
| **FORM S-8** | **FORM S-8** | **FORM S-8** |
| **Registration Statement** | **Registration Statement** | **Registration Statement** |
| ***Under*** | ***Under*** | ***Under*** |
| ***the Securities Act of 1933*** | ***the Securities Act of 1933*** | ***the Securities Act of 1933*** |
| _______________________________ | _______________________________ | _______________________________ |
| **Fortrea Holdings Inc.** | **Fortrea Holdings Inc.** | **Fortrea Holdings Inc.** |
| **(Exact name of registrant as specified in its charter)** | **(Exact name of registrant as specified in its charter)** | **(Exact name of registrant as specified in its charter)** |
| _______________________________ | _______________________________ | _______________________________ |
| **Delaware** | **92-2796441** | **92-2796441** |
| (State or other jurisdiction of <br>incorporation or organization) | (I.R.S. Employer <br>Identification No.) | (I.R.S. Employer <br>Identification No.) |
| **8 Moore Drive<br>Durham, North Carolina 27709**<br> (Address of Principal Executive Offices) | **27709**<br> (Zip Code) | **27709**<br> (Zip Code) |
| **Fortrea Holdings Inc. 2023 Omnibus Incentive Plan, as Amended and Restated** | **Fortrea Holdings Inc. 2023 Omnibus Incentive Plan, as Amended and Restated** | **Fortrea Holdings Inc. 2023 Omnibus Incentive Plan, as Amended and Restated** |
| (Full title of the plans) | (Full title of the plans) | (Full title of the plans) |
| **Stillman Hanson** <br>**General Counsel** <br>**Fortrea Holdings Inc.** | **Stillman Hanson** <br>**General Counsel** <br>**Fortrea Holdings Inc.** | **Stillman Hanson** <br>**General Counsel** <br>**Fortrea Holdings Inc.** |
| **8 Moore Drive** | **8 Moore Drive** | **8 Moore Drive** |
| **Durham, North Carolina 27709** | **Durham, North Carolina 27709** | **Durham, North Carolina 27709** |
| (Name and address of agent for service) | (Name and address of agent for service) | (Name and address of agent for service) |
| **+1 (877) 495-0816** | **+1 (877) 495-0816** | **+1 (877) 495-0816** |
| (Telephone number, including area code, of agent for service) | (Telephone number, including area code, of agent for service) | (Telephone number, including area code, of agent for service) |
| ***With a copy to:*** | ***With a copy to:*** | ***With a copy to:*** |
| **Amy M. Batten, Esq.**<br>**Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, L.L.P.**<br>**150 Fayetteville Street, Suite 2300**<br>**Raleigh, NC 27601**<br>**(919) 821-1220** | **Amy M. Batten, Esq.**<br>**Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, L.L.P.**<br>**150 Fayetteville Street, Suite 2300**<br>**Raleigh, NC 27601**<br>**(919) 821-1220** | **Amy M. Batten, Esq.**<br>**Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, L.L.P.**<br>**150 Fayetteville Street, Suite 2300**<br>**Raleigh, NC 27601**<br>**(919) 821-1220** |
| _______________________________ | _______________________________ | _______________________________ |
| Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act. | Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act. | Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act. |
| Large accelerated filer | | Accelerated filer |
| Non-accelerated filer | | Smaller reporting company |
| | | Emerging growth company |

---

_______________________________

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act.

_______________________________

------

**STATEMENT OF INCORPORATION BY REFERENCE**

This Registration Statement on Form S-8 is being filed by Fortrea Holdings Inc. (the "Company") to register an additional 6,500,000 shares of the Common Stock of the Company, $0.001 par value per share (the "Common Stock"), issuable under the Fortrea Holdings Inc. 2023 Omnibus Incentive Plan, as amended and restated (the "A&R Plan").

Pursuant to General Instruction E of Form S-8, except for Item 3 "Incorporation of Documents by Reference," Item 5 "Interests of Named Experts and Counsel" and Item 8 "Exhibits," the prior Registration Statement relating to the A&R Plan, <u>[Registration No. 333-273037](https://www.sec.gov/Archives/edgar/data/1965040/000196504023000011/forms-8projectsilver.htm)</u> filed with the Securities and Exchange Commission (the "Commission") on June 29, 2023, remains effective, and the contents of such prior Registration Statement is incorporated in this Registration Statement by reference. In accordance with the instructional note to Part I of Form S-8 as promulgated by the Commission, the information specified by Part I of the Form S-8 has been omitted from this Registration Statement.

**PART II**

**INFORMATION REQUIRED IN THE REGISTRATION STATEMENT**

**ITEM 3. INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE**

The Commission allows us to "incorporate by reference" the information the Company files with the Commission, which means that the Company can disclose important information by referring to those documents. The information incorporated by reference is considered to be part of this Registration Statement, and later information filed with the Commission will update and supersede this information. The Company hereby incorporates by reference into this Registration Statement the following documents previously filed with the Commission:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Company's Annual Report on Form 10-K for the year ended December 31, 2024, filed with the Commission on <u>[March 3, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/1965040/000196504025000015/ftre-20241231.htm)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The Company's Quarterly Reports on Form 10-Q for the periods ended March 31, 2025, filed with the Commission on <u>[May 12, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/1965040/000196504025000027/ftre-20250331.htm)</u>, and June 30, 2025, filed with the Commission on <u>[August 6, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/1965040/000196504025000050/ftre-20250630.htm)</u>, respectively;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)The Company's Current Reports on Form 8-K filed with the Commission on <u>[February 21, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/1965040/000119312525032114/d868928d8k.htm)</u>, <u>[March 10, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/1965040/000119312525051088/d926342d8k.htm)</u>, <u>[May 12, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/1965040/000196504025000022/ftre-20250509.htm)</u>, <u>[May 15, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/1965040/000119312525120888/d917910d8ka.htm)</u>, <u>[June 11, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/1965040/000119312525139161/d55989d8k.htm)</u>, <u>[June 12, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/1965040/000119312525139600/d30111d8k.htm)</u>, <u>[June 12, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/1965040/000196504025000036/ftre-20250610.htm)</u>, and <u>[August 27, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/1965040/000196504025000088/ftre-20250821.htm)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)The description of the Company's Common Stock contained in the information statement filed as Exhibit 99.1 to Amendment No. 2 to the Company's registration statement on Form 10 filed on <u>[June 8, 202](https://www.sec.gov/Archives/edgar/data/1965040/000162828023021444/exhibit991-10x12ba.htm)</u>3 (File No. 001-41704), including any amendment or report filed for the purpose of updating such description, including Exhibit 4.4 to the Company's Annual Report of Form 10-K for the year ended December 31, 2024, filed with the Commission on <u>[March 3, 2025](https://www.sec.gov/Archives/edgar/data/1965040/000196504024000010/exhibit44-descriptionofsec.htm)</u>.

In addition, all documents filed by the Company pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act subsequent to the filing of this Registration Statement and prior to the filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which de-registers all securities then remaining unsold shall be deemed to be incorporated by reference into this Registration Statement and to be a part hereof from the date of filing such documents, except as to specific sections of such statements as set forth therein. Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document which also is incorporated or deemed to be incorporated by reference herein modifies or supersedes such statement. Any statement contained herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained in any subsequently filed document which also is incorporated or deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this registration statement.

The Company is not, however, incorporating by reference any documents or portions thereof, whether specifically listed above or filed in the future, that are not deemed "filed" with the Commission, including any information furnished pursuant to Items 2.02 or 7.01 of Form 8-K or related exhibits furnished pursuant to Item 9.01 of Form 8-K.

**ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL**

------

The validity of the securities being registered by this Registration Statement will be passed upon for the Company by Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, L.L.P., Raleigh, North Carolina

**ITEM 8. EXHIBITS**

The exhibits below are filed or furnished as a part of this report and are incorporated herein by reference.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | | | INCORPORATED BY REFERENCE | INCORPORATED BY REFERENCE | INCORPORATED BY REFERENCE | INCORPORATED BY REFERENCE |
| EXHIBIT NO. | DESCRIPTION | Filed Herewith | FORM | File No. | Exhibit | Filing Date |
| 4.1 | <u>[Amended and Restated Certificate of Incorporation of Fortrea Holdings Inc.](https://www.sec.gov/Archives/edgar/data/1965040/000196504023000021/a31-amendedandrestatedcert.htm)</u> |  | 8-K | 001-41704 | 3.1 | 3-Jul-23 |
| 4.2 | <u>[Certificate of Designations of Series A Preferred Stock of Fortrea Holdings Inc., as filed with the Secretary of State of the State of Delaware on June 12, 2025.](https://www.sec.gov/Archives/edgar/data/1965040/000119312525139600/d30111dex31.htm)</u> |  | 8-K | 001-41704 | 3.1 | 12-Jun-25 |
| 4.3 | <u>[Rights Agreement, dated as of June 11, 2025 between Fortrea Holdings Inc. and Equiniti Trust Company, LLC, as rights agent.](https://www.sec.gov/Archives/edgar/data/1965040/000119312525139600/d30111dex41.htm)</u> |  | 8-K | 001-41704 | 4.1 | 12-Jun-25 |
| 4.4 | <u>[Amended and Restated By-Laws of Fortrea Holdings Inc](https://www.sec.gov/Archives/edgar/data/1965040/000196504023000021/a32-amendedandrestatedbyla.htm)</u> |  | 8-K | 001-41704 | 3.2 | 3-Jul-23 |
| 5.1 | <u>[Opinion of Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, L.L.P.](a51-saopinionletterx2023pl.htm)</u> | X |  |  |  |  |
| 23.1 | <u>[Consent of Deloitte & Touche, an independent registered accounting firm.](a231deloitteconsentarplan.htm)</u> | X |  |  |  |  |
| 23.2 | <u>[Consent of Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, L.L.P. (included in Exhibit 5.1).](a51-saopinionletterx2023pl.htm)</u> | X |  |  |  |  |
| 24.1 | Powers of Attorney (included on the signature page of the Registration Statement). | X |  |  |  |  |
| 99.1 | <u>[Fortrea Holdings Inc. 2023 Omnibus Incentive Plan (as amended and restated).](https://www.sec.gov/Archives/edgar/data/1965040/000196504025000050/ftre-2023omnibusincentivep.htm)</u> |  | 10-Q | 001-41704 | 10.5 | 6-Aug-25 |
| 107 | <u>[Filing Fee Table](exfilingfees.htm)</u> | X |  |  |  |  |

---

------

**SIGNATURES**

Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Durham, State of North Carolina, on August 29, 2025.

---

| | |
|:---|:---|
| **FORTREA HOLDINGS INC.** | **FORTREA HOLDINGS INC.** |
| By: | */s/ Anshul Thakral* |
|  | Name: Anshul Thakral |
|  | Title: President, Chief Executive Officer and Director |

---

**POWER OF ATTORNEY**

Pursuant to the requirements of the Securities Act, this Registration Statement has been signed by the following persons in the capacities indicated on August 29, 2025, each person whose signature appears below appoints Anshul Thakral, Stillman Hanson and Jill McConnell, and each of them, any of whom may act without the joinder of the other, as his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement, and any additional registration statement (including any amendment thereto) for this offering that is to be effective upon filing pursuant to Rule 462(b) under the Securities Act, and to file the same, with all exhibits thereto, and all other documents in connection therewith, with the Commission, granting unto said attorneys-in-fact and agents full power and authority to do and perform each and every act and thing requisite and necessary to be done, as fully to all intents and purposes as he or she might or would do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them or their or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

---

| | |
|:---|:---|
| **Signature** | **Title** |
| */s/ Anshul Thakral* | President, Chief Executive Officer and Director<br>(Principal Executive Officer) |
| Anshul Thakral | President, Chief Executive Officer and Director<br>(Principal Executive Officer) |
| */s/ Jill McConnell* | Chief Financial Officer<br>(Principal Financial Officer) |
| Jill McConnell | Chief Financial Officer<br>(Principal Financial Officer) |
| */s/ Robert A. Parks* | Chief Accounting Officer |
| Robert A. Parks | (Principal Accounting Officer) |
| */s/ Peter Neupert* | Chairman of the Board of Directors |
| Peter Neupert | Chairman of the Board of Directors |
| */s/ Edward Pesicka* | Director |
| Edward Pesicka | Director |
| */s/ Dr. Amrit Ray* | Director |
| Dr. Amrit Ray | Director |
| */s/ Erin L. Russell* | Director |
| Erin L. Russell | Director |
| */s/ Machelle Sanders* | Director |
| Machelle Sanders | Director |
| */s/ David Smith* | Director |
| David Smith | Director |

---

## Ex-Filing

?xml version='1.0' encoding='ASCII'? exfilingfees

**Exhibit 107**

**<u>Calculation of Filing Fee Table</u>**

(Form Type)

**<u>Fortrea Holdings Inc.</u>**

(Exact Name of Registrant as Specified in its Charter)

**<u>Table 1: Newly Registered Securities</u>**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Type** | **Security Class Title** | **Fee Calculation Rule** | **Amount Registered** | **Proposed Maximum Offering Price Per Unit** | **Maximum Aggregate Offering Price** | **Fee Rate** | **Amount of Registration Fee** |
| Equity | Common stock, par value $0.001 per share, 2023 Omnibus Incentive Plan, as amended and restated, together with the associated Preferred Stock Purchase Rights | 457(c) and 457(h) | 6500000 | $8.005 | $52032500 | $0.00015310 | $7966.18 |
| **Total Offering Amounts** | **Total Offering Amounts** | **Total Offering Amounts** | **Total Offering Amounts** |  | $52032500 |  | $7966.18 |
| **Total Fee Offsets** | **Total Fee Offsets** | **Total Fee Offsets** | **Total Fee Offsets** |  |  |  |  |
| **Net Fee Due** | **Net Fee Due** | **Net Fee Due** | **Net Fee Due** |  |  |  | $7966.18 |

---

(1) Pursuant to Rule 416 under the Securities Act, this Registration Statement covers (i) such additional number of shares of common stock, par value $0.001 per share, of the Company ("Common Stock") issuable upon stock splits, stock dividends, reclassifications, recapitalizations, combinations or similar events or (ii) such reduced number of shares of Common Stock in respect of any reverse stock splits, stock dividends, reclassifications, recapitalizations, combinations or similar events, in each case with respect to the shares of Common Stock being registered pursuant to this Registration Statement. Each share of Common Stock registered hereunder includes an associated Preferred Stock Purchase Right. Until the occurrence of certain prescribed events, none of which has occurred, the Preferred Stock Purchase Rights are not exercisable, are evidenced by certificates representing the Common Stock, and may be transferred only with the Common Stock. No separate consideration is payable for the Preferred Stock Purchase Rights.

(2) Consists of an additional 6,500,000 shares of Common Stock authorized for issuance under the Amended and Restated Fortrea Holdings Inc. 2023 Omnibus Incentive Plan pursuant to its terms.

(3) Estimated solely for purposes of calculating the registration fee pursuant to Rule 457(c) and Rule 457(h) under the Securities Act. The proposed maximum offering price per unit and proposed maximum aggregate offering price are based on $8.005 per share, which represents the average high and low prices of the Registrant's Common Stock reported on The Nasdaq Stock Market LLC on August 22, 2025, which date is within five business days prior to filing this Registration Statement.

## Exhibit 5.1

**Exhibit 5.1**

**Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, L.L.P.**

**Lawyers**

---

| | | |
|:---|:---|:---|
| <br>**OFFICES**<br>**150 Fayetteville Street, Suite 2300**<br>**Raleigh, North Carolina 27601**<br><sup>&nbsp;&nbsp;&nbsp;&nbsp;</sup> | <br>August 29, 2025 | <br>**MAILING ADDRESS**<br>**P.O. Box 2611**<br>**Raleigh, North Carolina**<br>**27602-2611**<br><sup>&nbsp;&nbsp;&nbsp;&nbsp;</sup><br>**TELEPHONE: (919) 821-1220**<br>&nbsp;&nbsp;&nbsp;&nbsp;**FACSIMILE: (919) 821-6800** |

---

Fortrea Holdings Inc.

8 Moore Drive

Durham, North Carolina 27709

Re: &nbsp;&nbsp;&nbsp;&nbsp;Fortrea Holdings Inc. Registration Statement on Form S-8

Ladies and Gentlemen:

We have acted as counsel for Fortrea Holdings Inc., a Delaware corporation (the "Company"), in connection with a registration statement on Form S-8 (the "Registration Statement"), filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended (the "Act"), relating to (i) 6,500,000 shares (the "Shares") of common stock of the Company, par value $0.001 per share (the "Common Stock"), issuable under the Company's 2023 Omnibus Incentive Plan, as amended and restated (the "A&R Incentive Plan") and (ii) the preferred share purchase rights (the "Rights") associated with the Shares pursuant to the Rights Agreement, dated as of June 11, 2025 (the "Rights Agreement"), between the Company and Equiniti Trust Company, LLC, as rights agent (the "Rights Agent").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

This opinion is being furnished in accordance with the requirements of Item 8 of Form S-8 and Item 601(b)(5)(i) of Regulation S-K.

We have reviewed the Amended and Restated Certificate of Incorporation of the Company, the Amended and Restated Bylaws of the Company, the A&R Incentive Plan, certified copies of resolutions of the board of directors (the "Board") of the Company and certain committees thereof, the Proxy Statement for the 2025 Annual Meeting of Stockholders and the certificate of the inspector of elections thereof and the Rights Agreement. We have also reviewed such other documents and have considered such matters of law and fact as we have deemed appropriate, in our professional judgment, to render the opinions contained herein. We call your attention to the fact that, as a matter of customary practice, certain assumptions underlying opinions are understood to be implicit. With respect to certain facts, we have considered it

appropriate to rely upon certificates or other comparable documents of public officials and officers or other representatives of the Company, without investigation or analysis of any underlying data contained therein.

With respect to our opinion in paragraph 2 below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)Our opinion does not address the determination a court of competent jurisdiction may make regarding whether the Board may be required to redeem or terminate, or take other action with respect to, the Rights or Rights Agreement in the future based on the facts and circumstances then existing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)Our opinion assumes that the Rights Agreement has been duly authorized, executed and delivered by the Rights Agent and that members of the Board have acted in a manner consistent with their fiduciary duties as required under applicable law in adopting the Rights Agreement. With respect to the Rights associated with Shares to be offered in the future under the Registration Statement, our opinion assumes the Rights Agreement has not been terminated by the Company or expired by its terms and that the Rights have not expired or been redeemed or exchanged by the Company, in each case, prior to the issuance of such Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)Our opinion addresses corporate procedures related to the issuance of the Rights associated with Shares, and not any particular provision of the Rights or the Rights Agreement. It should be understood that it is not settled whether the invalidity of any particular provision of a rights agreement or share purchase rights issued thereunder would invalidate such rights in their entirety.

Based upon and subject to the foregoing and the further assumptions, limitations and qualifications hereinafter expressed, it is our opinion that

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)the Shares have been duly authorized, and when issued and delivered against payment therefor in accordance with the A&R Incentive Plan and the related award agreement and upon either (a) the countersigning of the certificates representing the Shares by a duly authorized signatory of the registrar for the Common Stock, or (b) the book entry of the Shares by the transfer agent for the Common Stock, such Shares will be validly issued, fully paid and nonassessable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)The Right associated with each Share will be a valid and binding obligation of the Company, enforceable against the Company in accordance with its terms, when (a) such associated Share shall have been issued as set forth in paragraph 1 above and (b) such Right shall have been issued in accordance with the terms of the Rights Agreement.

We express no opinion as to any matter other than as expressly set forth above, and no opinion, other than the opinions expressed herein, may be inferred or implied herefrom. The opinions expressed herein are limited to matters governed by the Delaware General Corporation Law, and no opinion is expressed herein as to the laws of any other jurisdiction. The opinions expressed herein do not extend to compliance with federal or state securities laws relating to the offer or sale of the Shares.

Our opinions expressed herein are limited by bankruptcy, insolvency, reorganization, fraudulent transfer and fraudulent conveyance, voidable preference, moratorium or other similar laws and related regulations and judicial doctrines from time to time in effect relating to or affecting creditors' rights generally, and by general equitable principles and public policy considerations, whether such principles and considerations are considered in a proceeding at law or at equity.

&nbsp;&nbsp;&nbsp;&nbsp;

We hereby consent to the filing of this letter as an exhibit to the Registration Statement and to all references to our firm in the Registration Statement and any amendment thereto. Such consent shall not be deemed to be an admission that our firm is within the category of persons whose consent is required under Section 7 of the Act or the regulations promulgated pursuant to the Act.

Our opinions expressed herein are as of the date hereof, and we undertake no obligation to advise you of changes in applicable law or any other matters that may come to our attention after the date hereof that may affect our opinions expressed herein.

---

| |
|:---|
| Sincerely yours, |
| SMITH, ANDERSON, BLOUNT, DORSETT, |
| MITCHELL & JERNIGAN, L.L.P. |
| /s/ Smith, Anderson, Blount, Dorsett, <br>Mitchell & Jernigan, L.L.P.  |

---

## Exhibit 23.1

**Exhibit 23.1**

**CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

We consent to the incorporation by reference in this Registration Statement on Form S-8 pertaining to the Fortrea Holdings Inc. 2023 Omnibus Incentive Plan, as amended and restated, of our reports dated March 3, 2025, relating to the financial statements of Fortrea Holdings Inc. and the effectiveness of Fortrea Holdings Inc.'s internal control over financial reporting, appearing in the Annual Report on Form 10-K of Fortrea Holdings Inc. for the year ended December 31, 2024.

/s/ Deloitte & Touche LLP

Raleigh, North Carolina

August 29, 2025

<br>