Completed Spinoffs

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Note: Premium members can sort this table 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
OmniAb, Inc. OABI 11/09/2021 11/01/2022 2.41 2.84 17.84% 1,079,255 Ligand Pharmaceuticals Incorporated LGND 67.86 71.47 5.32% 170,153 Spinoff
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.

Investor Presentation

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.”

RXO RXO 03/08/2022 11/01/2022 19.06 18.22 -4.41% 698,553 XPO Logistics, Inc. XPO 32.50 37.67 15.91% 786,439 Spinoff
XPO Logistics, Inc., spinoff details:

XPO Logistics, Inc. (XPO)  announced that its board of directors, after a thorough examination of strategic alternatives, has approved a plan that the board believes is the optimal path to unlock value for XPO stakeholders. XPO intends to separate its tech-enabled brokered transportation services from its less-than-truckload (LTL) business in North America; and intends to divest its European business and North American intermodal operation

Investor Presentation

Update(s):

March 25, 2022: XPO Logistics, Inc. (XPO) announced that it has divested its North American intermodal business to STG Logistics, Inc. for cash proceeds of approximately $710 million, subject to a customary post-closing purchase price adjustment. 

May 9, 2022: XPO Logistics Inc. (XPO) named Drew Wilkerson chief executive of the planned spinoff of its freight brokerage as part of the logistics operator’s reorganization of its business units into three separate publicly traded companies.

Jun 02, 2022: XPO Logistics, Inc. (XPO), a leading provider of freight transportation services, announced that it has filed a confidential Form 10 registration statement for the planned spin-off of its tech-enabled brokered transportation platform. 

June 07, 2022: XPO Logistics, Inc. (XPO), announced that Yoav Amiel has been appointed chief information officer for the planned spin-off of the company’s asset-light brokered transportation platform. Amiel currently leads the technology organization for XPO’s North American transportation division led by Drew Wilkerson, who, as previously announced, will be chief executive officer of the spin-off company.

July 12, 2022: XPO Logistics, Inc. (XPO), a leading provider of freight transportation services, today announced that a new company identity has been created in connection with the planned spin-off of its tech-enabled brokerage platform. The spin-off is named RXO to reflect the company’s commitment to provide reliability multiplied by outperformance. 

September 28, 2022: XPO Logistics, (XPO) announced the filing of a public Form 10 registration statement with the U.S. Securities and Exchange Commission in connection with the planned spin-off of RXO,

October 10, 2022:

XPO Logistics, Inc (XPO). announced that its board of directors has approved the previously announced separation of its tech-enabled brokered transportation platform through the distribution of all of the outstanding shares of common stock of its wholly owned subsidiary, RXO, Inc
Record date for the distribution of RXO shares will be October 20, 2022
“When-Issued” trading expected to begin on or about October 27, 2022
Distribution expected to be completed on November 1, 2022

XPO Logistics, Inc  (XPO) . announced that its board of directors has approved the previously announced separation of its tech-enabled brokered transportation platform through the distribution of all of the outstanding shares of common stock of its wholly owned subsidiary, RXO, Inc
Record date for the distribution of RXO shares will be October 20, 2022
“When-Issued” trading expected to begin on or about October 27, 2022
Distribution expected to be completed on November 1, 2022

November 1, 2022: XPO (XPO) announced that it has completed the previously announced spin-off of RXO creating two independent, publicly traded companies. XPO shares will continue to trade on the New York Stock Exchange under the symbol “XPO” , RXO will begin “regular way” trading on the NYSE under the symbol “RXO.”

Mobileye Global Inc. MBLY 12/06/2021 10/26/2022 28.25 27.44 -2.87% 1,658,597 Intel Corporation INTC 27.21 28.9 6.21% 23,185,542 Spinoff
Intel Corporation, spinoff details:

Intel (INTC) announced its intention to take Mobileye public in the United States in mid-2022 via an initial public offering (IPO) of newly issued Mobileye stock. 

Update(s):

October 3, 2022: Intel Corporation announced that its subsidiary, Mobileye Global, has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its Class A common stock. Mobileye intends to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol “MBLY.”

October 25, 2022: Intel self-driving car unit Mobileye Global priced its initial public offering at $21 a share, a dollar above the top of its targeted range, according to people close to the deal.

October 26, 2022: Mobileye began trading on the Nasdaq Stock Exchange under the ticker “MBLY” in connection with its Initial Public Offering by parent company, Intel. 

MTronPTI MPTI 10/04/2021 10/07/2022 12.00 9.57 -20.25% 1,264 The LGL Group, Inc. LGL 4.70 4.6 -2.13% 7,364 Spinoff
The LGL Group, Inc., spinoff details:

The LGL Group, Inc. (LGL) announced that its Board of Directors has approved a spin-off of the MTronPTI subsidiary. The company had previously announced its exploration of this potential spin-off transaction and will now proceed with the spin-off, which will be submitted to a shareholder vote for approval.

Update(s):

November 15, 2021: The board has previously approved a spin-off of the MTronPTI subsidiary, which will be submitted to a shareholder vote for approval.

 

August 3, 2022: The LGL Group, Inc. (LGL) announced that its Board of Directors has established

August 12, 2022 as the record date and

August 19, 2022 as the anticipated distribution date.

August 11, 2022:

The LGL Group, Inc. (LGL) announced that LGL’s Board of Directors has decided to reschedule the previously
announced spin-off of M-Tron Industries, Inc. 
The Board has established 
September 30,2022 as the new record date and 
October 7, 2022 as the anticipated distribution date

The LGL Group, Inc. (LGL) announced that LGL’s Board of Directors has decided to reschedule the previouslyannounced spin-off of M-Tron Industries, Inc. 

The Board has established September 30,2022 as the new record date and October 7, 2022 as the anticipated distribution date

September 16, 2022: The LGL Group, announced that its previously announced spin-off of M-tron Industries, Inc.  is expected to be completed on October 7, 2022

October 7, 2022: M-tron Industries, Inc. (MPTI) announced that it has completed its previously announced separation from The LGL Group, Inc. and is now an independent, publicly traded company. MtronPTI shares will begin trading today on the New York Stock Exchange under the ticker symbol “MPTI.”

October 12, 2022: The LGL Group, Inc. (LGL) announced that it has completed its previously announced spin-off of M-tron Industries

- The LGL warrants outstanding remain unchanged however the exercise terms will be adjusted for the Mtron Spinoff.

- No Mtron warrants were issued in conjunction with the distribution of Mtron

Bluerock Homes Trust, Inc. BHM 12/20/2021 10/06/2022 20.05 24.99 24.64% 20,461 Bluerock Residential Growth REIT, Inc. BRG 26.60 26.6 0.00% 5,062,287 Spinoff
Bluerock Residential Growth REIT, Inc., spinoff details:

Bluerock Residential Growth REIT, Inc. (BRG) separately intends to spin off its single-family rental business to its shareholders through the taxable distribution to shareholders of all of the outstanding shares of common stock of a newly formed real estate investment trust named Bluerock Homes Trust, Inc. (“BHOM”)

Update(s):

April 12, 2022: Bluerock Residential Growth REIT, Inc. (BRG) announced that the Company’s stockholders approved the proposed acquisition of the Company by affiliates of Blackstone Real Estate .The Acquisition will occur following the spin-off of the Company’s single-family rental business (the “Spin-Off”) through the taxable distribution to common stockholders of all of the outstanding shares of common stock of a newly formed real estate investment trust named Bluerock Homes Trust, Inc. (“BHM”). Company common stockholders will receive $24.25 in cash per share of Company common stock in the Acquisition in addition to the BHM common stock that they will receive in the Spin-Off.

August 26, 2022: Bluerock Residential Growth REIT, (BRG)and Blackstone Real Estate announced that the completion of the proposed acquisition of the Company by Blackstone, and the proposed spin-off of the company's single-family rental business to its shareholders, is expected to occur on or about October 6, 2022.

September 19, 2022: Bluerock Residential Growth REIT, Inc. (BRG) announced that its Board of Directors has approved the distribution to its shareholders of all of the outstanding shares of common stock of Bluerock Homes Trust, Inc., which will become the holder of the Company’s single-family rental business. 

The Spin-Off is expected to be completed on October 6, 2022 before the opening of the New York Stock Exchange American. BRG, which will continue to hold the Company’s multi-family rental business, expects to complete the previously announced acquisition of BRG by affiliates of Blackstone Real Estate (the “Acquisition”) promptly following the completion of the Spin-Off.

October 6, 2022: Bluerock (BRG)  completed the previously announced spin-off of its single-family rental business into an externally managed, real estate investment trust, Bluerock Homes Trust (BHM).

 

The Acquisition and the Spin-Off currently are expected to close in the second quarter of 2022, and are subject to the completion of customary closing conditions. Upon the closing of the Acquisition, BRG’s common stock and preferred stock will no longer be listed on any public market.
Xperi Inc. XPER 02/23/2022 10/03/2022 15.58 10.16 -34.79% 221,203 Adeia Inc. ADEA 7.19 10.48 45.76% 422,473 Spinoff
Adeia Inc., spinoff details:

Xperi Holdings Corp. (XPER) to separate its intellectual property business from its core technology products operation. 

CEO Jon Kirchner mentioned during his company's Q4 earnings call that it plans to "separate" its IP unit this fall

Update(s):

May 25, 2022: Xperi Holding Corporation (XPERannounced the appointment of Paul E. Davis as Chief Executive Officer of Adeia, the intellectual property (IP) business of Xperi, effective upon completion of its separation as a stand-alone company later this fall.

September 08, 2022: Xperi Holding Corporation (XPER), announced that its Board of Directors has approved the details and timing of the previously announced Spin-Off of the Company’s product business, Xperi from the Company’s IP licensing business, Adeia.

The Board has declared a distribution of the then issued and outstanding shares of common stock, par value $0.001 per share, of Xperi, as a dividend on a pro rata basis to the Company’s stockholders of record as of the close of business on Wednesday, September 21, 2022 (the “Record Date”). 

The Spin-Off is expected to occur on or about October 1, 2022

The Company will be renamed Adeia Inc. and is expected to remain trading on the Nasdaq under the new stock symbol “ADEA”

October 3, 2022: Xperi (XPER) completes its spin-off to become an independent public company. As previously announced, each stockholder of record of the company’s predecessor (now known as Adeia Inc.) (ADEA), as of close of business on September 21, 2022, received a distribution of four shares of Xperi Common Stock for every ten shares of common stock of Adeia.

Xperi Holdings Corp. has revealed plans to separate its intellectual property business from its core technology products operation. 

Xperi CEO Jon Kirchner told equity analysts during his company's Q4 earnings call on Wednesday that it plans to "separate" its IP unit this fall. 

Note: Premium members can sort this table Spinoff Name, Announced Date and Parent Symbol.

  Spinoff Name Announced Date Parent Symbol
OmniAb, Inc. 11/09/2021 LGND
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.

Investor Presentation

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.”

RXO 03/08/2022 XPO
XPO Logistics, Inc., spinoff details:

XPO Logistics, Inc. (XPO)  announced that its board of directors, after a thorough examination of strategic alternatives, has approved a plan that the board believes is the optimal path to unlock value for XPO stakeholders. XPO intends to separate its tech-enabled brokered transportation services from its less-than-truckload (LTL) business in North America; and intends to divest its European business and North American intermodal operation

Investor Presentation

Update(s):

March 25, 2022: XPO Logistics, Inc. (XPO) announced that it has divested its North American intermodal business to STG Logistics, Inc. for cash proceeds of approximately $710 million, subject to a customary post-closing purchase price adjustment. 

May 9, 2022: XPO Logistics Inc. (XPO) named Drew Wilkerson chief executive of the planned spinoff of its freight brokerage as part of the logistics operator’s reorganization of its business units into three separate publicly traded companies.

Jun 02, 2022: XPO Logistics, Inc. (XPO), a leading provider of freight transportation services, announced that it has filed a confidential Form 10 registration statement for the planned spin-off of its tech-enabled brokered transportation platform. 

June 07, 2022: XPO Logistics, Inc. (XPO), announced that Yoav Amiel has been appointed chief information officer for the planned spin-off of the company’s asset-light brokered transportation platform. Amiel currently leads the technology organization for XPO’s North American transportation division led by Drew Wilkerson, who, as previously announced, will be chief executive officer of the spin-off company.

July 12, 2022: XPO Logistics, Inc. (XPO), a leading provider of freight transportation services, today announced that a new company identity has been created in connection with the planned spin-off of its tech-enabled brokerage platform. The spin-off is named RXO to reflect the company’s commitment to provide reliability multiplied by outperformance. 

September 28, 2022: XPO Logistics, (XPO) announced the filing of a public Form 10 registration statement with the U.S. Securities and Exchange Commission in connection with the planned spin-off of RXO,

October 10, 2022:

XPO Logistics, Inc (XPO). announced that its board of directors has approved the previously announced separation of its tech-enabled brokered transportation platform through the distribution of all of the outstanding shares of common stock of its wholly owned subsidiary, RXO, Inc
Record date for the distribution of RXO shares will be October 20, 2022
“When-Issued” trading expected to begin on or about October 27, 2022
Distribution expected to be completed on November 1, 2022

XPO Logistics, Inc  (XPO) . announced that its board of directors has approved the previously announced separation of its tech-enabled brokered transportation platform through the distribution of all of the outstanding shares of common stock of its wholly owned subsidiary, RXO, Inc
Record date for the distribution of RXO shares will be October 20, 2022
“When-Issued” trading expected to begin on or about October 27, 2022
Distribution expected to be completed on November 1, 2022

November 1, 2022: XPO (XPO) announced that it has completed the previously announced spin-off of RXO creating two independent, publicly traded companies. XPO shares will continue to trade on the New York Stock Exchange under the symbol “XPO” , RXO will begin “regular way” trading on the NYSE under the symbol “RXO.”

Mobileye Global Inc. 12/06/2021 INTC
Intel Corporation, spinoff details:

Intel (INTC) announced its intention to take Mobileye public in the United States in mid-2022 via an initial public offering (IPO) of newly issued Mobileye stock. 

Update(s):

October 3, 2022: Intel Corporation announced that its subsidiary, Mobileye Global, has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its Class A common stock. Mobileye intends to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol “MBLY.”

October 25, 2022: Intel self-driving car unit Mobileye Global priced its initial public offering at $21 a share, a dollar above the top of its targeted range, according to people close to the deal.

October 26, 2022: Mobileye began trading on the Nasdaq Stock Exchange under the ticker “MBLY” in connection with its Initial Public Offering by parent company, Intel. 

MTronPTI 10/04/2021 LGL
The LGL Group, Inc., spinoff details:

The LGL Group, Inc. (LGL) announced that its Board of Directors has approved a spin-off of the MTronPTI subsidiary. The company had previously announced its exploration of this potential spin-off transaction and will now proceed with the spin-off, which will be submitted to a shareholder vote for approval.

Update(s):

November 15, 2021: The board has previously approved a spin-off of the MTronPTI subsidiary, which will be submitted to a shareholder vote for approval.

 

August 3, 2022: The LGL Group, Inc. (LGL) announced that its Board of Directors has established

August 12, 2022 as the record date and

August 19, 2022 as the anticipated distribution date.

August 11, 2022:

The LGL Group, Inc. (LGL) announced that LGL’s Board of Directors has decided to reschedule the previously
announced spin-off of M-Tron Industries, Inc. 
The Board has established 
September 30,2022 as the new record date and 
October 7, 2022 as the anticipated distribution date

The LGL Group, Inc. (LGL) announced that LGL’s Board of Directors has decided to reschedule the previouslyannounced spin-off of M-Tron Industries, Inc. 

The Board has established September 30,2022 as the new record date and October 7, 2022 as the anticipated distribution date

September 16, 2022: The LGL Group, announced that its previously announced spin-off of M-tron Industries, Inc.  is expected to be completed on October 7, 2022

October 7, 2022: M-tron Industries, Inc. (MPTI) announced that it has completed its previously announced separation from The LGL Group, Inc. and is now an independent, publicly traded company. MtronPTI shares will begin trading today on the New York Stock Exchange under the ticker symbol “MPTI.”

October 12, 2022: The LGL Group, Inc. (LGL) announced that it has completed its previously announced spin-off of M-tron Industries

- The LGL warrants outstanding remain unchanged however the exercise terms will be adjusted for the Mtron Spinoff.

- No Mtron warrants were issued in conjunction with the distribution of Mtron

Bluerock Homes Trust, Inc. 12/20/2021 BRG
Bluerock Residential Growth REIT, Inc., spinoff details:

Bluerock Residential Growth REIT, Inc. (BRG) separately intends to spin off its single-family rental business to its shareholders through the taxable distribution to shareholders of all of the outstanding shares of common stock of a newly formed real estate investment trust named Bluerock Homes Trust, Inc. (“BHOM”)

Update(s):

April 12, 2022: Bluerock Residential Growth REIT, Inc. (BRG) announced that the Company’s stockholders approved the proposed acquisition of the Company by affiliates of Blackstone Real Estate .The Acquisition will occur following the spin-off of the Company’s single-family rental business (the “Spin-Off”) through the taxable distribution to common stockholders of all of the outstanding shares of common stock of a newly formed real estate investment trust named Bluerock Homes Trust, Inc. (“BHM”). Company common stockholders will receive $24.25 in cash per share of Company common stock in the Acquisition in addition to the BHM common stock that they will receive in the Spin-Off.

August 26, 2022: Bluerock Residential Growth REIT, (BRG)and Blackstone Real Estate announced that the completion of the proposed acquisition of the Company by Blackstone, and the proposed spin-off of the company's single-family rental business to its shareholders, is expected to occur on or about October 6, 2022.

September 19, 2022: Bluerock Residential Growth REIT, Inc. (BRG) announced that its Board of Directors has approved the distribution to its shareholders of all of the outstanding shares of common stock of Bluerock Homes Trust, Inc., which will become the holder of the Company’s single-family rental business. 

The Spin-Off is expected to be completed on October 6, 2022 before the opening of the New York Stock Exchange American. BRG, which will continue to hold the Company’s multi-family rental business, expects to complete the previously announced acquisition of BRG by affiliates of Blackstone Real Estate (the “Acquisition”) promptly following the completion of the Spin-Off.

October 6, 2022: Bluerock (BRG)  completed the previously announced spin-off of its single-family rental business into an externally managed, real estate investment trust, Bluerock Homes Trust (BHM).

 

The Acquisition and the Spin-Off currently are expected to close in the second quarter of 2022, and are subject to the completion of customary closing conditions. Upon the closing of the Acquisition, BRG’s common stock and preferred stock will no longer be listed on any public market.
Xperi Inc. 02/23/2022 ADEA
Adeia Inc., spinoff details:

Xperi Holdings Corp. (XPER) to separate its intellectual property business from its core technology products operation. 

CEO Jon Kirchner mentioned during his company's Q4 earnings call that it plans to "separate" its IP unit this fall

Update(s):

May 25, 2022: Xperi Holding Corporation (XPERannounced the appointment of Paul E. Davis as Chief Executive Officer of Adeia, the intellectual property (IP) business of Xperi, effective upon completion of its separation as a stand-alone company later this fall.

September 08, 2022: Xperi Holding Corporation (XPER), announced that its Board of Directors has approved the details and timing of the previously announced Spin-Off of the Company’s product business, Xperi from the Company’s IP licensing business, Adeia.

The Board has declared a distribution of the then issued and outstanding shares of common stock, par value $0.001 per share, of Xperi, as a dividend on a pro rata basis to the Company’s stockholders of record as of the close of business on Wednesday, September 21, 2022 (the “Record Date”). 

The Spin-Off is expected to occur on or about October 1, 2022

The Company will be renamed Adeia Inc. and is expected to remain trading on the Nasdaq under the new stock symbol “ADEA”

October 3, 2022: Xperi (XPER) completes its spin-off to become an independent public company. As previously announced, each stockholder of record of the company’s predecessor (now known as Adeia Inc.) (ADEA), as of close of business on September 21, 2022, received a distribution of four shares of Xperi Common Stock for every ten shares of common stock of Adeia.

Xperi Holdings Corp. has revealed plans to separate its intellectual property business from its core technology products operation. 

Xperi CEO Jon Kirchner told equity analysts during his company's Q4 earnings call on Wednesday that it plans to "separate" its IP unit this fall. 

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