Press release
HONEYWELL BOARD OF DIRECTORS SETS RECORD DATE AND ANNOUNCES EXPECTED TIMING FOR SPIN-OFF OF SOLSTICE ADVANCED MATERIALS
Solstice completes $1 billion senior notes offering in connection with the planned spin-off Record date set for October 17, 2025 Distribution expected to
About this update from Honeywell International Inc.
[{"type":"text","content":"\n \n Solstice completes $1 billion senior notes offering in connection with the planned spin-off \n \n \n Record date set for October 17, 2025 \n \n \n Distribution expected to occur on October 30, 2025, with shareowners of record expected to receive one share of Solstice common stock for every four shares of Honeywell common stock owned\n \n \n Solstice expected to begin trading on\n Nasdaq on October 30, 2025, under the ticker symbol \"SOLS\"\n \n \n \n CHARLOTTE, N.C., Oct. 1, 2025 /PRNewswire/ -- Honeywell (NASDAQ: HON) today announced that its Board of Directors has set a record date of October 17, 2025 for the previously announced spin-off of Solstice Advanced Materials.\n \n \n \n \n \n \n \n To execute the spin-off, Honeywell will distribute all of the issued and outstanding shares of Solstice common stock pro rata to Honeywell shareowners of record on the Record Date. The Board expects the distribution to occur at 12:01 a.m., New York City time, on October 30, 2025, on the basis of a distribution ratio of one share of Solstice common stock for every four shares of Honeywell common stock held as of the close of business on the Record Date.\n Following the distribution, Solstice common stock is expected to begin trading on the Nasdaq Stock Market LLC on October 30, 2025, under the ticker symbol \"SOLS.\" Honeywell will continue to trade on the Nasdaq under the ticker symbol \"HON.\"\n \"We look forward to beginning our journey as a standalone company on October 30,\" said David Sewell, President and CEO of the Solstice Advanced Materials business. \"With a leading portfolio of refrigerants, semiconductor materials, protective fibers, healthcare packaging solutions and unique nuclear power capabilities—Solstice is well positioned to deliver long-term value for our shareowners while helping our customers address some of the world's most pressing challenges.\"\n Completion of the spin-off is conditioned upon the satisfaction or waiver of certain conditions, including, among other things, the Board having declared the distribution as set forth in the form of Separation and Distribution Agreement filed with the U.S. Securities and Exchange Commission (\"SEC\") as part of the registration statement on Form 10, which was also declared effective by the SEC on September 30, 2025.\n The spin-off is expected to be tax-free to Honey...