Note: Premium members can sort this table by Spinoff Name, Spinoff Symbol, Announced Date, Spinoff Date, First Day Closing, Spinoff Last Price, Spinoff Performance, Spinoff Current Volume, Parent Name, Parent Symbol, Parent First Day Closing, Parent Last Price, Parent Performace, Parent Current Volume and Type.
| Spinoff Name | Spinoff Symbol | Announced Date | Spinoff Date | First Day Closing | Spinoff Last Price | Spinoff Performance | Spinoff Current Volume | Parent Name | Parent Symbol | Parent First Day Closing | Parent Last Price | Parent Performace | Parent Current Volume | Type | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Toro Corp. | TORO | 11/16/2022 | 03/07/2023 | 3.71 | 2.69 | -27.49% | 10,327,728 | Castor Maritime Inc. | CTRM | 1.35 | 0.7895 | -41.52% | 1,119,373 | Spinoff | |
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Castor Maritime Inc. , spinoff details: Castor Maritime (CTRM) announces proposed spin-off of it's Tanker Fleet. In the Spin-Off, Castor shareholders will receive two common shares of Toro Corp, a newly formed subsidiary that will act as the holding company for the eight tanker vessels, for every five Castor common shares held at the close of business on December 6, 2022. Update(s): December 30, 2022: Castor Maritime Inc. (CTRM), announced that its Board of Directors, consisting of its independent disinterested members, has decided, on the recommendation of a special committee of the Board, to amend certain terms of the proposed spin-off of the whole of its tanker fleet comprising six Aframax/LR2 and two Handysize tankers to be held by its current subsidiary, Toro Corp. In the proposed spin-off, Castor shareholders will receive one common share of Toro for every ten Castor common shares held at the close of business on December 6, 2022. March 8, 2023: Castor Maritime (CTRM) announced the spin-off of our Aframax/LR2 and Handysize tanker segments to a new Nasdaq-listed company, Toro Corp. was completed on March 7, 2023. | |||||||||||||||
| Vitesse Energy, Inc. | VTS | 07/19/2022 | 01/17/2023 | 14.40 | 19.03 | 32.15% | 309,033 | Jefferies Financial Group Inc. | JEF | 38.32 | 31.74 | -17.17% | 1,279,207 | Spinoff | |
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Jefferies Financial Group Inc. , spinoff details:
Jefferies Financial Group Inc. (JEF) announced that, adhering to its long-standing fundamental strategy of focusing on building its investment banking and capital markets businesses and reducing the size of its Merchant Banking portfolio, Jefferies expects to spin off to its shareholders its holdings in Vitesse Energy prior to the end of 2022. That spin-off will involve the formation of a new standalone entity, Vitesse Energy, Inc., that will ultimately be a publicly traded company listed on the New York Stock Exchange. Jefferies Financial Group Inc. (JEF) announced that, adhering to its long-standing fundamental strategy of focusing on building its investment banking and capital markets businesses and reducing the size of its Merchant Banking portfolio, Jefferies expects to spin off to its shareholders its holdings in Vitesse Energy prior to the end of 2022. That spin-off will involve the formation of a new standalone entity, Vitesse Energy, Inc., that will ultimately be a publicly traded company listed on the New York Stock Exchange. Update(s): December 16, 2022: Jefferies Financial Group Inc. (JEF) announced that its Board of Directors has declared a pro rata dividend of the outstanding shares of common stock of Vitesse Energy held by Jefferies to the holders of record of the common shares of Jefferies as of December 27, 2022, the record date for the distribution. January 17, 2023: Jefferies Financial Group (JEF) and Vitesse Energy (VTS) announced the completion of the distribution by Jefferies of all the outstanding shares of common stock of Vitesse held by Jefferies. | |||||||||||||||
| GE Healthcare | GEHC | 11/09/2021 | 01/04/2023 | 60.49 | 82.03 | 35.61% | 1,837,497 | General Electric Company | GE | 70.20 | 95.6 | 36.18% | 7,275,167 | Spinoff | |
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General Electric Company, spinoff details: GE (GE) announced its plan to form three industry-leading, global public companies focused on the growth sectors of aviation, healthcare, and energy. Upon closing the Healthcare transaction, GE expects to retain a stake of 19.9 percent in the healthcare company to provide capital allocation flexibility. November 2021: Investor presentation - December 2022: Investor presentation Update(s): September 12, 2022: GE (GE) announced the first Board of Directors for GE HealthCare, the planned independent company that will be created following its spin-off from GE. The company also announced that it is targeting a spin-off date in the first week of January 2023 October 11, 2022: General Electric Co.’s health-care business will retain about $15.4 billion in debt and pension liabilities when it is spun off in the first week of January. November 9, 2022: GE Announces Pricing of offerings of $8.25 billion Senior Notes issued by GE HealthCare November 30, 2022: GE said current shareholders would get one share in the new GE HealthCare Technologies Inc. for every three shares they hold in GE. The separation is set for January 3 after the markets close, and the new shares will trade on Nasdaq under the symbol GEHC. January 4, 2023: GE (GE) announced that it has completed the separation of its healthcare business, launching GE HealthCare Technologies Inc., a global leader in Precision Care. Starting today, January 4, 2023, GE HealthCare will trade on Nasdaq under the ticker symbol “GEHC”. | |||||||||||||||
| MasterBrand, Inc. | MBC | 04/28/2022 | 12/15/2022 | 7.70 | 8.04 | 4.42% | 1,140,834 | Fortune Brands Innovations, Inc (Previously Fortune Brands Home & Security, Inc.) | FBIN | 57.62 | 58.73 | 1.93% | 1,052,442 | Spinoff | |
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Fortune Brands Innovations, Inc (Previously Fortune Brands Home & Security, Inc.), spinoff details: Fortune Brands Home & Security, Inc. (FBHS), an industry-leading home and security products company, announced that it intends to separate into two publicly traded companies. Update(s): July 27, 2022: Fortune Brands Home & Security, Inc. (FBHS)- Separation of companies progressing ahead of schedule; Company expects to file initial Form 10 during 3Q October 27, 2022: Fortune Brands Home & Security (FBHS), announced it intends to change its name to Fortune Brands Innovations, to better reflect its evolution as a business focused on driving accelerated growth in its categories through brand and innovation. November 22, 2022: Fortune Brands Home & Security (FBHS), announced that on November 21, 2022, its Board of Directors approved the previously announced separation of its cabinets business, MasterBrand, via a tax-free spin-off. The separation is expected to be complete on Wednesday, December 14, 2022. Fortune Brands Home & Security (FBHS), announced that on November 21, 2022, its Board of Directors approved the previously announced separation of its cabinets business, MasterBrand, via a tax-free spin-off. The separation is expected to be complete on Wednesday, December 14, 2022. December 1, 2022: Fortune Brands Home & Security, Inc. (FBHS), announced that the U.S. Securities and Exchange Commission has declared effective the Registration Statement on Form 10 filed by MasterBrand. The Form 10 includes information regarding MasterBrand’s business and strategy, as well as details on the spin-off, which is expected to be completed on December 14, 2022. December 15, 2022: Fortune Brands Innovations, Inc. (FBIN), announced it successfully completed the previously announced spin-off of its Cabinets business, MasterBrand, creating two independent, publicly traded companies. In addition, the company’s previously announced name change to Fortune Brands Innovations and stock ticker change to FBIN became effective. | |||||||||||||||
| F&G Annuities & Life | FG | 03/16/2022 | 12/01/2022 | 19.13 | 18.12 | -5.28% | 107,109 | Fidelity National Financial, Inc | FNF | 38.54 | 34.93 | -9.37% | 806,205 | Spinoff | |
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Fidelity National Financial, Inc, spinoff details: Fidelity National Financial, Inc. (FNF) announced its intention to dividend to FNF shareholders, on a pro rata basis, 15% of the common stock of its wholly-owned subsidiary, F&G Annuities & Life, Inc., a leading provider of annuity and life insurance products. Update(s): November 21, 2022: On December 1, 2022, FNF expects to complete the pro rata distribution of approximately 15% of the shares of common stock of F&G to FNF shareholders. As a result, upon the completion of the distribution, FNF shareholders of record will receive 68 shares of F&G common stock for every 1,000 shares of FNF common stock they held as of the close of business on November 22, 2022, the record date. "Regular-way" trading of F&G common stock on the NYSE is expected to begin on December 1, 2022 under the symbol "FG". December 1, 2022: Fidelity National Financial, Inc. (FNF) announced completion of the distribution to FNF shareholders, on a pro rata basis, of approximately 15% of the common stock of its subsidiary, F&G. Effective today, F&G has commenced "regular-way" trading of its common stock on the New York Stock Exchange under the symbol "FG". FNF retains control of F&G through an approximate 85% equity ownership stake and will continue to trade on the NYSE under the symbol "FNF". | |||||||||||||||
| OmniAb, Inc. | OABI | 11/09/2021 | 11/01/2022 | 6.13 | 3.68 | -39.97% | 1,149,916 | Ligand Pharmaceuticals Incorporated | LGND | 52.78 | 73.56 | 39.37% | 139,026 | Reverse Morris Trust | |
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Ligand Pharmaceuticals Incorporated, spinoff details: Ligand Pharmaceuticals Incorporated (LGND) announced it is pursuing plans to split Ligand into two separate, publicly traded companies with one featuring the OmniAb business, and the other featuring Ligand’s existing collection of core royalties and the technologies, pipeline and contracts associated with the Pelican protein expression platform and the Captisol business. Update(s): February 17, 2022: Ligand (LGND) now expects to pursue separation of OmniAb through a direct spin-off of 100% of OmniAb equity to shareholders with Ligand capitalizing the OmniAb business directly with $70 million. OmniAb expects to file a Form 10 with the Securities and Exchange Commission and complete its separation in the first half of 2022. The distribution is expected to qualify as a tax-free transaction for U.S. federal income tax purposes to both Ligand and its shareholders. March 23, 2022: Ligand Pharmaceuticals Incorporated (LGND) announced the signing of a definitive merger agreement with Avista Public Acquisition Corp. II (AHPA), a publicly traded special purpose acquisition company (SPAC), providing for the spin-off of OmniAb, Inc. The transaction is expected to close in the second half of 2022. October 3, 2022: Ligand Pharmaceuticals Incorporated (LGND) announced that its board of directors has set October 26, 2022 as the record date (Record Date) for the dividend of shares of common stock of OmniAb, Inc. to be distributed to Ligand shareholders in order to effect the separation of Ligand and OmniAb into two independent, publicly traded companies. October 24, 2022: Ligand Pharmaceuticals Incorporated (LGND) announced the business combination of Avista Public Acquisition Corp. II (APAC) (AHPA) and OmniAb, Inc., was approved by APAC shareholders. The spin-off of OmniAb from Ligand remains on track with an expected closing on November 1, 2022 November 1, 2022: Ligand Pharmaceuticals Incorporated (LGND) announced the company has completed the expected tax-free spin-off of its OmniAb antibody discovery business which has become OmniAb,. OmniAb will begin regular-way trading November 2, 2022 on NASDAQ under the stock ticker symbol “OABI.” Ligand continues to trade under the stock ticker symbol “LGND.” | |||||||||||||||
Note: Premium members can sort this table Spinoff Name, Announced Date and Parent Symbol.
| Spinoff Name | Announced Date | Parent Symbol | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Toro Corp. | 11/16/2022 | CTRM | |||||||||||||
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Castor Maritime Inc. , spinoff details: Castor Maritime (CTRM) announces proposed spin-off of it's Tanker Fleet. In the Spin-Off, Castor shareholders will receive two common shares of Toro Corp, a newly formed subsidiary that will act as the holding company for the eight tanker vessels, for every five Castor common shares held at the close of business on December 6, 2022. Update(s): December 30, 2022: Castor Maritime Inc. (CTRM), announced that its Board of Directors, consisting of its independent disinterested members, has decided, on the recommendation of a special committee of the Board, to amend certain terms of the proposed spin-off of the whole of its tanker fleet comprising six Aframax/LR2 and two Handysize tankers to be held by its current subsidiary, Toro Corp. In the proposed spin-off, Castor shareholders will receive one common share of Toro for every ten Castor common shares held at the close of business on December 6, 2022. March 8, 2023: Castor Maritime (CTRM) announced the spin-off of our Aframax/LR2 and Handysize tanker segments to a new Nasdaq-listed company, Toro Corp. was completed on March 7, 2023. | |||||||||||||||
| Vitesse Energy, Inc. | 07/19/2022 | JEF | |||||||||||||
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Jefferies Financial Group Inc. , spinoff details:
Jefferies Financial Group Inc. (JEF) announced that, adhering to its long-standing fundamental strategy of focusing on building its investment banking and capital markets businesses and reducing the size of its Merchant Banking portfolio, Jefferies expects to spin off to its shareholders its holdings in Vitesse Energy prior to the end of 2022. That spin-off will involve the formation of a new standalone entity, Vitesse Energy, Inc., that will ultimately be a publicly traded company listed on the New York Stock Exchange. Jefferies Financial Group Inc. (JEF) announced that, adhering to its long-standing fundamental strategy of focusing on building its investment banking and capital markets businesses and reducing the size of its Merchant Banking portfolio, Jefferies expects to spin off to its shareholders its holdings in Vitesse Energy prior to the end of 2022. That spin-off will involve the formation of a new standalone entity, Vitesse Energy, Inc., that will ultimately be a publicly traded company listed on the New York Stock Exchange. Update(s): December 16, 2022: Jefferies Financial Group Inc. (JEF) announced that its Board of Directors has declared a pro rata dividend of the outstanding shares of common stock of Vitesse Energy held by Jefferies to the holders of record of the common shares of Jefferies as of December 27, 2022, the record date for the distribution. January 17, 2023: Jefferies Financial Group (JEF) and Vitesse Energy (VTS) announced the completion of the distribution by Jefferies of all the outstanding shares of common stock of Vitesse held by Jefferies. | |||||||||||||||
| GE Healthcare | 11/09/2021 | GE | |||||||||||||
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General Electric Company, spinoff details: GE (GE) announced its plan to form three industry-leading, global public companies focused on the growth sectors of aviation, healthcare, and energy. Upon closing the Healthcare transaction, GE expects to retain a stake of 19.9 percent in the healthcare company to provide capital allocation flexibility. November 2021: Investor presentation - December 2022: Investor presentation Update(s): September 12, 2022: GE (GE) announced the first Board of Directors for GE HealthCare, the planned independent company that will be created following its spin-off from GE. The company also announced that it is targeting a spin-off date in the first week of January 2023 October 11, 2022: General Electric Co.’s health-care business will retain about $15.4 billion in debt and pension liabilities when it is spun off in the first week of January. November 9, 2022: GE Announces Pricing of offerings of $8.25 billion Senior Notes issued by GE HealthCare November 30, 2022: GE said current shareholders would get one share in the new GE HealthCare Technologies Inc. for every three shares they hold in GE. The separation is set for January 3 after the markets close, and the new shares will trade on Nasdaq under the symbol GEHC. January 4, 2023: GE (GE) announced that it has completed the separation of its healthcare business, launching GE HealthCare Technologies Inc., a global leader in Precision Care. Starting today, January 4, 2023, GE HealthCare will trade on Nasdaq under the ticker symbol “GEHC”. | |||||||||||||||
| MasterBrand, Inc. | 04/28/2022 | FBIN | |||||||||||||
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Fortune Brands Innovations, Inc (Previously Fortune Brands Home & Security, Inc.), spinoff details: Fortune Brands Home & Security, Inc. (FBHS), an industry-leading home and security products company, announced that it intends to separate into two publicly traded companies. Update(s): July 27, 2022: Fortune Brands Home & Security, Inc. (FBHS)- Separation of companies progressing ahead of schedule; Company expects to file initial Form 10 during 3Q October 27, 2022: Fortune Brands Home & Security (FBHS), announced it intends to change its name to Fortune Brands Innovations, to better reflect its evolution as a business focused on driving accelerated growth in its categories through brand and innovation. November 22, 2022: Fortune Brands Home & Security (FBHS), announced that on November 21, 2022, its Board of Directors approved the previously announced separation of its cabinets business, MasterBrand, via a tax-free spin-off. The separation is expected to be complete on Wednesday, December 14, 2022. Fortune Brands Home & Security (FBHS), announced that on November 21, 2022, its Board of Directors approved the previously announced separation of its cabinets business, MasterBrand, via a tax-free spin-off. The separation is expected to be complete on Wednesday, December 14, 2022. December 1, 2022: Fortune Brands Home & Security, Inc. (FBHS), announced that the U.S. Securities and Exchange Commission has declared effective the Registration Statement on Form 10 filed by MasterBrand. The Form 10 includes information regarding MasterBrand’s business and strategy, as well as details on the spin-off, which is expected to be completed on December 14, 2022. December 15, 2022: Fortune Brands Innovations, Inc. (FBIN), announced it successfully completed the previously announced spin-off of its Cabinets business, MasterBrand, creating two independent, publicly traded companies. In addition, the company’s previously announced name change to Fortune Brands Innovations and stock ticker change to FBIN became effective. | |||||||||||||||
| F&G Annuities & Life | 03/16/2022 | FNF | |||||||||||||
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Fidelity National Financial, Inc, spinoff details: Fidelity National Financial, Inc. (FNF) announced its intention to dividend to FNF shareholders, on a pro rata basis, 15% of the common stock of its wholly-owned subsidiary, F&G Annuities & Life, Inc., a leading provider of annuity and life insurance products. Update(s): November 21, 2022: On December 1, 2022, FNF expects to complete the pro rata distribution of approximately 15% of the shares of common stock of F&G to FNF shareholders. As a result, upon the completion of the distribution, FNF shareholders of record will receive 68 shares of F&G common stock for every 1,000 shares of FNF common stock they held as of the close of business on November 22, 2022, the record date. "Regular-way" trading of F&G common stock on the NYSE is expected to begin on December 1, 2022 under the symbol "FG". December 1, 2022: Fidelity National Financial, Inc. (FNF) announced completion of the distribution to FNF shareholders, on a pro rata basis, of approximately 15% of the common stock of its subsidiary, F&G. Effective today, F&G has commenced "regular-way" trading of its common stock on the New York Stock Exchange under the symbol "FG". FNF retains control of F&G through an approximate 85% equity ownership stake and will continue to trade on the NYSE under the symbol "FNF". | |||||||||||||||
| OmniAb, Inc. | 11/09/2021 | LGND | |||||||||||||
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Ligand Pharmaceuticals Incorporated, spinoff details: Ligand Pharmaceuticals Incorporated (LGND) announced it is pursuing plans to split Ligand into two separate, publicly traded companies with one featuring the OmniAb business, and the other featuring Ligand’s existing collection of core royalties and the technologies, pipeline and contracts associated with the Pelican protein expression platform and the Captisol business. Update(s): February 17, 2022: Ligand (LGND) now expects to pursue separation of OmniAb through a direct spin-off of 100% of OmniAb equity to shareholders with Ligand capitalizing the OmniAb business directly with $70 million. OmniAb expects to file a Form 10 with the Securities and Exchange Commission and complete its separation in the first half of 2022. The distribution is expected to qualify as a tax-free transaction for U.S. federal income tax purposes to both Ligand and its shareholders. March 23, 2022: Ligand Pharmaceuticals Incorporated (LGND) announced the signing of a definitive merger agreement with Avista Public Acquisition Corp. II (AHPA), a publicly traded special purpose acquisition company (SPAC), providing for the spin-off of OmniAb, Inc. The transaction is expected to close in the second half of 2022. October 3, 2022: Ligand Pharmaceuticals Incorporated (LGND) announced that its board of directors has set October 26, 2022 as the record date (Record Date) for the dividend of shares of common stock of OmniAb, Inc. to be distributed to Ligand shareholders in order to effect the separation of Ligand and OmniAb into two independent, publicly traded companies. October 24, 2022: Ligand Pharmaceuticals Incorporated (LGND) announced the business combination of Avista Public Acquisition Corp. II (APAC) (AHPA) and OmniAb, Inc., was approved by APAC shareholders. The spin-off of OmniAb from Ligand remains on track with an expected closing on November 1, 2022 November 1, 2022: Ligand Pharmaceuticals Incorporated (LGND) announced the company has completed the expected tax-free spin-off of its OmniAb antibody discovery business which has become OmniAb,. OmniAb will begin regular-way trading November 2, 2022 on NASDAQ under the stock ticker symbol “OABI.” Ligand continues to trade under the stock ticker symbol “LGND.” | |||||||||||||||
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