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.
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| 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 | ||
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| detail | Rubico Inc. | RUBI | 06/04/2025 | 08/04/2025 | 3.40 | 2.6000 | -23.53% | 113,059 | TOP Ships | TOPS | 6.07 | 5.53 | -8.90% | 5,373 | Spinoff | |
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TOP Ships, spinoff details: TOP Ships plans to spin off two Suezmax tankers—M/T Eco Malibu and M/T Eco West Coast—into a new publicly traded company, Rubico Inc., which will list on the Nasdaq Capital Market. TOPS will distribute 100% of Rubico shares to its shareholders and warrant holders of record as of June 16, 2025, with the distribution expected around June 30, 2025. Rubico will raise $1.5M through a private placement at $20/share, set to close with the spin-off. There will be no shared executives or board members between the two companies post-spin. Update(s): June 26, 2025: TOP Ships announced that its spin-off, Rubico has received approval to list on the Nasdaq Capital Market and its Form 20-F registration has been declared effective by the SEC. The distribution of Rubico shares to TOP Ships shareholders is expected in July 2025, with trading set to begin the next business day under the ticker “RUBI.” An exact distribution date will be announced in a future release. July 31, 2025: TOP Ships announced that the expected distribution date for the common shares of Rubico is August 1, 2025. Rubico common shares are expected to commence trading on a standalone basis on the Nasdaq Capital Market on August 4, 2025, the first trading day after the date of distribution, under the ticker “RUBI”. August 4, 2025: Rubico announced that it has completed its spin-off from Tops Ships effective August 1, 2025. The company’s shares have commenced trading as August 4, 2025, on the Nasdaq Capital Market under the ticker symbol “RUBI”. TOP Ships Investor Relations | ||||||||||||||||
| detail | GCI | GLIBA | 11/13/2024 | 07/15/2025 | 30.92 | 36.54 | 18.18% | 130,262 | Liberty Broadband Corporation | LBRDA | 96.58 | 60.99 | -36.85% | 112,947 | Spinoff | |
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Liberty Broadband Corporation, spinoff details: Charter Communications (CHTR) announced an all-stock acquisition of Liberty Broadband (LBRDA). Before the acquisition closes, Liberty Broadband will spin off its subsidiary GCI, Alaska's largest communications provider, to Liberty Broadband stockholders. (Announcement) This GCI spin-off is expected to be taxable, with Charter covering any tax liability above $420 million. The deal is anticipated to close by June 30, 2027, pending the GCI spin-off and other customary conditions. Update(s): May 27, 2025: Liberty Broadband Corporation announced it will webcast an Investor Conference Call on Tuesday, June 3, 2025, to discuss the planned spin-off of its GCI business into a new company, GCI Liberty, Inc. The discussion will include commentary on the financial outlook for both GCI Liberty and Liberty Broadband, along with other forward-looking topics. The spin-off is expected to be completed in summer 2025. June 20, 2025: Liberty Broadband (LBRDA, LBRDK, LBRDP) announced key dates for the planned spin-off of its wholly owned subsidiary, GCI Liberty, Inc. Record date: June 30, 2025 Distribution date: July 14, 2025 Distribution terms: Shareholders will receive 0.20 shares of GCI Liberty’s Series A, B, and C common stock for each corresponding share of Liberty Broadband held as of the record date. Cash will be paid in lieu of fractional shares (no interest). Upon completion, GCI Liberty will become an independent, publicly traded company, initially consisting of 100% of GCI, LLC and its subsidiaries. The spin-off remains subject to customary closing conditions, including final approval from the Regulatory Commission of Alaska, expected by June 27, 2025. If conditions are not satisfied or waived, Liberty Broadband may defer the distribution and will announce changes via press release and SEC filing. Trading: GCI Liberty Series A (GLIBA) and Series C (GLIBK) are expected to list on the Nasdaq Global Select Market. Series B (GLIBB) will be quoted on the OTC Markets. When-issued trading may begin near the record date, with regular-way trading expected on July 15, 2025. Liberty Broadband common stock will continue to trade under existing symbols unless the planned acquisition by Charter Communications is completed. July 10, 2025: Liberty Broadband (Nasdaq: LBRDA, LBRDK, LBRDP) announced that in connection with its planned spin-off of GCI Liberty, Inc., shares of GCI Liberty’s Series A and Series C common stock will trade on a when-issued basis under the tickers “GLBAV” and “GLBKV” from July 11 through July 14, 2025. The spin-off, structured as a dividend, is set to occur after market close on July 14, 2025, for Liberty Broadband shareholders of record as of June 30, 2025. Due to Nasdaq’s July 15 ex-dividend date and “due bill” trading, buyers of Liberty Broadband stock through July 14 will still receive GCI Liberty shares. Regular-way trading for GCI Liberty’s Series A and C shares (tickers: “GLIBA” and “GLIBK”) will begin July 15, while Series B shares (ticker: “GLIBB”) are expected to start trading on the OTC Markets around July 21. July 14, 2025: Liberty Broadband (Nasdaq: LBRDA, LBRDK, LBRDP) has completed the spin-off of GCI Liberty (Nasdaq: GLIBA, GLIBK) as of July 15, 2025. Both are now independent, publicly traded companies. GLIBA and GLIBK will begin trading on Nasdaq, while GLIBB (Series B) is expected to begin OTC trading around July 21. Liberty Broadband’s shares will continue trading ahead of its planned merger with Charter Communications, which is expected to close alongside Charter’s combination with Cox Communications. Leadership update: Marty Patterson has been named President & CEO of Liberty Broadband, succeeding John Malone, who remains Chairman of both Liberty Broadband and GCI Liberty.
Liberty Broadband Investor Relations Resources: November 13, 2024: Announcement Liberty Broadband has agreed to spin off its GCI business by way of a distribution to the stockholders of Liberty Broadband prior to the closing of the acquisition of Liberty Broadband by Charter. | ||||||||||||||||
| detail | RealSense | N/A | 01/08/2025 | 07/11/2025 | N/A | 0.00% | Intel Corporation | INTC | 23.43 | 23.54 | 0.47% | 158,767,391 | Spinoff | |||
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Intel Corporation, spinoff details: Intel said in a statement to The Robot Report that it plans to spin off RealSense as an independent company. The transition is expected to be completed in the first half of 2025, with the new entity becoming part of the Intel Capital portfolio. Update(s): JUly 11, 2025: Intel has spun off its computer vision and robotics unit RealSense, which has raised $50 million in Series A funding to fuel global expansion and product development. Investors include MediaTek Innovation Fund and Intel Capital, which is also being spun off. Nadav Orbach, Intel’s VP of incubation and disruptive innovation, will lead RealSense as CEO. Intel Investor Relations | ||||||||||||||||
| detail | Ralliant Corp | RAL | 09/04/2024 | 06/30/2025 | 48.49 | 41.79 | -13.82% | 1,723,128 | Fortive Corporation | FTV | 52.13 | 48.04 | -7.85% | 6,184,543 | Spinoff | |
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Fortive Corporation, spinoff details: Fortive Corporation announced its intention to pursue a tax-free spin-off of its Precision Technologies segment. James A. Lico, Fortive’s President and Chief Executive Officer, stated, Once the spin-off is complete, Fortive will be more focused on recurring revenue and software businesses, and better positioned to accelerate growth and consistently grow earnings and free cash flow. Fortive is currently targeting completion of the spin-off in the fourth quarter of 2025, subject to the satisfaction of certain conditions Fortive Investor Relations Fortive Corporation announced its intention to pursue a tax-free spin-off of its Precision Technologies segment. The planned spin-off will create two independent publicly traded companies, each with focused business models and tailored investment and capital allocation strategies. James A. Lico, Fortive’s President and Chief Executive Officer, stated, Once the spin-off is complete, Fortive will be more focused on recurring revenue and software businesses, and better positioned to accelerate growth and consistently grow earnings and free cash flow. Fortive is currently targeting completion of the spin-off in the fourth quarter of 2025, subject to the satisfaction of certain conditions
May 5, 2025: Fortive has filed a Form 10 with the SEC for the planned spin-off of its Precision Technologies segment, to be named Ralliant, on track for completion by Q2 2025. Fortive also named Neill Reynolds—former CFO of Wolfspeed—as Ralliant’s CFO, effective June 2, 2025. June 2, 2025: Fortive Corporation will host a live Investor Day webcast on Tuesday, June 10, 2025, in New York, featuring presentations from both Fortive and Ralliant Corporation, ahead of Ralliant’s planned spin-off on June 28, 2025. June 10, 2025: Ralliant, which is set to spin off from Fortive on June 28, 2025, shared its plans as an independent precision technologies company at its Investor Day, outlining its growth strategy, capital allocation priorities, and a cumulative free cash flow target of over $1 billion through 2028. (Investor Presentation) (Press Release) June 25, 2025: Ralliant replaces Wolfspeed (WOLF) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, July 1. S&P 500 constituent Fortive Corp. (FTV) is spinning off Ralliant in a transaction expected to be completed on June 30. Fortive will remain in the S&P 500 post spin-off. June 30, 2025: Fortive (FTV) has completed the spin-off of its Precision Technologies segment into Ralliant (RAL), which began trading on the NYSE on June 28, 2025. Shareholders received 1 Ralliant share for every 3 Fortive shares held as of June 16. Olumide Soroye has succeeded James Lico as President & CEO of Fortive and joined the board. Lico will remain a senior advisor through year-end. Fortive Investor Relations Resources September 4, 2024: Announcement | ||||||||||||||||
| detail | Amrize | AMRZ | 01/28/2024 | 06/23/2025 | 51.99 | 49.3 | -5.17% | 2,361,918 | Holcim AG | HCMLY | 23.34 | 16.63 | -28.75% | 25,292 | Spinoff | |
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Holcim AG, spinoff details:
On 28 January 2024, Holcim announces its intent to list its North American business in the US with a full capital market separation. Holcim post US listing of North America is expected to remain included in the Swiss Market Index. The Board has tasked Jan Jenisch to lead the planned US listing of Holcim’s North America business. The US listing is expected to be completed in the first half of 2025. It will be subject to shareholder approval at an Extraordinary General Meeting expected in the first quarter of 2025, as well as other customary approvals. On 28 January 2024, Holcim announces its intent to list its North American business in the US with a full capital market separation. Holcim post US listing of North America is expected to remain included in the Swiss Market Index. The Board has tasked Jan Jenisch to lead the planned US listing of Holcim’s North America business. The US listing is expected to be completed in the first half of 2025. It will be subject to shareholder approval at an Extraordinary General Meeting expected in the first quarter of 2025, as well as other customary approvals.
Updates(s): December 6, 2024: Holcim is moving forward with the planned 100% spin-off of its North American business, aiming for a NYSE listing as a domestic issuer under US GAAP, with an additional SIX Swiss Exchange listing for European investors. Pending shareholder approval on May 14, 2025, and regulatory clearances, the spin-off is expected to be completed by mid-2025. January 10, 2025: Holcim has announced the next steps in the planned spin-off and NYSE listing of its North American business, expected by mid-2025 pending shareholder and regulatory approvals. Jan Jenisch, current Chairman of Holcim and former CEO (2017–2024), will serve as Chairman and CEO of the new entity. The designated 10-member Board includes Jenisch and nine independent directors with extensive experience across construction, manufacturing, finance, and legal sectors in North America. The Board will take effect upon completion of the spin-off. Holcim’s Board has proposed Kim Fausing as Chairman, to succeed Jan Jenisch after the 2025 AGM. Jenisch will not seek re-election as he prepares to lead Holcim’s planned North American spin-off as Chairman and CEO. February 21, 2025: Holcim announces that Amrize will be the name of its North American business following the execution of the planned spin-off. The company intends to list Amrize shares under the symbol ‘‘AMRZ’’ on the New York Stock Exchange (NYSE) with an additional listing on the SIX Swiss Exchange. February 28, 2025: Amrize Form 10 publicly filed with U.S. Securities and Exchange Commission for planned spin-off. An Investor Day is planned for March 25, 2025, in NYC to outline its strategy and capital plans. The spin-off is expected to be completed by mid-2025, pending SEC effectiveness and shareholder approval at Holcim’s AGM on May 14, 2025. March 25, 2025: Holcim has named the future executive team for Amrize, its planned North America spin-off. Jan Jenisch will serve as Chairman and CEO. Ian Johnston, currently CFO of Holcim North America, will become CFO of Amrize. (Presentation) April 7, 2025: Amrize has completed a $3.4 billion bond offering as it prepares for its planned spin-off. April 14, 2025: Holcim’s AGM will be held on May 14, 2025, in Zug, Switzerland. The Board is proposing an 11% higher dividend of CHF 3.10 per share and a special dividend-in-kind of one Amrize share for each Holcim share—paving the way for the 100% spin-off of Holcim’s North American business. If approved, the spin-off is expected in June 2025, with Amrize to be listed on both the NYSE (AMRZ) and SIX Swiss Exchange. The transaction is expected to be tax neutral in Switzerland and the U.S. April 25, 2025: Confirms Amrize spin-off on track, listing expected in June 2025. May 7, 2025: Amrize moved closer to its planned spin-off from Holcim by filing an updated Form 10, now including its Q1 2025 financials under U.S. GAAP. May 14, 2025: Holcim shareholders approved all Board proposals at the AGM in Zug, including a 99.75% vote in favor of the Amrize spin-off. Shareholders also approved a dividend-in-kind of 1 Amrize share for each Holcim share. Amrize will be listed on the NYSE and SIX Swiss Exchange under ticker AMRZ in June 2025. Holcim shareholders approved an 11% dividend increase to CHF 3.10/share, paid from capital reserves (not subject to Swiss withholding tax). All Holcim board members standing for re-election confirmed; Adolfo Orive and Sven Schneider newly elected. Jan Jenisch, Hanne Sørensen, and Jürg Oleas did not seek re-election. June 2, 2025: Trading of Amrize shares is expected to begin on June 23, 2025, on both the NYSE and SIX Swiss Exchange under the ticker symbol "AMRZ." The spin-off will occur through a one-for-one distribution of Amrize shares to Holcim shareholders. Amrize will also seek inclusion in key U.S. equity indices. Holcim will remain listed on the SIX under the ticker “HOLN” and continue to be part of the SMI and SLI indices. June 23, 2025: Holcim has completed the 100% spin-off of Amrize, its North American professional builders business, via a dividend-in-kind of one Amrize share for each Holcim share held as of June 20, 2025. Amrize shares begin trading under the ticker “AMRZ” on both the SIX Swiss Exchange and the NYSE. | ||||||||||||||||
| detail | Costamare Bulkers | CMDB | 02/27/2025 | 05/07/2025 | 11.72 | 9.16 | -21.84% | 101,761 | Costamare Inc. | CMRE | 7.05 | 11.12 | 57.73% | 355,854 | Spinoff | |
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Costamare Inc. , spinoff details:
Costamare Inc., a company that owns and charters containerships to liner companies worldwide, plans to separate its dry bulk shipping operations into an independent entity, Costamare Bulkers Holdings Limited. This will result in two publicly traded companies: Costamare Inc. will continue as a global container shipping provider, retaining its owned container vessels and Neptune Maritime Leasing Limited. Costamare Bulkers Holdings Limited will become an international dry bulk vessel owner and operator, managing the owned dry bulk fleet and the CBI operating platform. Shares of Costamare Bulkers Holdings Limited are expected to be listed on the New York Stock Exchange. The spin-off is targeted for completion within 2025, pending regulatory approvals and board approval. Costamare Inc., a company that owns and charters containerships to liner companies worldwide, plans to separate its dry bulk shipping operations into an independent entity, Costamare Bulkers Holdings Limited. This will result in two publicly traded companies:
Shares of Costamare Bulkers Holdings Limited are expected to be listed on the New York Stock Exchange. The spin-off is targeted for completion within 2025, pending regulatory approvals and board approval. March 31, 2025: Costamare Inc. announced that the incoming management team of Costamare Bulkers Holdings Limited will host a virtual Analyst and Investor Day on April 9, 2025. Costamare Bulkers, which will hold Costamare Inc.'s owned dry bulk vessels and the CBI operating platform, is set to launch following the previously announced spin-off of Costamare's dry bulk business. April 8, 2025: Costamare announces Conference Call Details for the virtual Analyst and Investor Day that the incoming management team of Costamare Bulkers Holdings Limited will host on Wednesday April 9, 2025. Costamare Bulkers is the new company that will hold Costamare Inc.’s owned dry bulk vessels and the CBI operating platform upon completion of Costamare Inc.’s previously announced spin-off of its dry bulk business. April 9, 2025: Analyst and Investor Day Presentation April 17, 2025: Costamare Inc. has approved the spin-off of its dry bulk shipping business into a standalone public company, Costamare Bulkers Holdings Limited. Distribution Details Trading Timeline When-Issued Trading Begins: On or about May 1, 2025, Costamare Bulkers shares will begin trading on a “when-issued” basis under the symbol CMDB WI on the NYSE. At the same time, Costamare Inc. shares will trade in two markets:
Listing Date Costamare Bulkers is expected to begin regular-way trading on May 7, 2025 on the NYSE under the symbol CMDB. Costamare Inc. will continue to trade as CMRE. May 7, 2025: Costamare Bulkers Holdings (CMDB) announced its debut as an independent, publicly traded company and the completion of its separation from Costamare Inc. The company’s shares begin trading on the New York Stock Exchange under the symbol “CMDB.” Costamare Inc. will continue to trade on the NYSE under the ticker symbol “CMRE.” Under the terms of the separation, each holder of Costamare common shares received one common share of Costamare Bulkers for every five Costamare common shares held as of the close of business on April 29, 2025.
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| Spinoff Name | Announced Date | Parent Symbol | ||||||||||||||
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| detail | Rubico Inc. | 06/04/2025 | TOPS | |||||||||||||
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TOP Ships, spinoff details: TOP Ships plans to spin off two Suezmax tankers—M/T Eco Malibu and M/T Eco West Coast—into a new publicly traded company, Rubico Inc., which will list on the Nasdaq Capital Market. TOPS will distribute 100% of Rubico shares to its shareholders and warrant holders of record as of June 16, 2025, with the distribution expected around June 30, 2025. Rubico will raise $1.5M through a private placement at $20/share, set to close with the spin-off. There will be no shared executives or board members between the two companies post-spin. Update(s): June 26, 2025: TOP Ships announced that its spin-off, Rubico has received approval to list on the Nasdaq Capital Market and its Form 20-F registration has been declared effective by the SEC. The distribution of Rubico shares to TOP Ships shareholders is expected in July 2025, with trading set to begin the next business day under the ticker “RUBI.” An exact distribution date will be announced in a future release. July 31, 2025: TOP Ships announced that the expected distribution date for the common shares of Rubico is August 1, 2025. Rubico common shares are expected to commence trading on a standalone basis on the Nasdaq Capital Market on August 4, 2025, the first trading day after the date of distribution, under the ticker “RUBI”. August 4, 2025: Rubico announced that it has completed its spin-off from Tops Ships effective August 1, 2025. The company’s shares have commenced trading as August 4, 2025, on the Nasdaq Capital Market under the ticker symbol “RUBI”. TOP Ships Investor Relations | ||||||||||||||||
| detail | GCI | 11/13/2024 | LBRDA | |||||||||||||
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Liberty Broadband Corporation, spinoff details: Charter Communications (CHTR) announced an all-stock acquisition of Liberty Broadband (LBRDA). Before the acquisition closes, Liberty Broadband will spin off its subsidiary GCI, Alaska's largest communications provider, to Liberty Broadband stockholders. (Announcement) This GCI spin-off is expected to be taxable, with Charter covering any tax liability above $420 million. The deal is anticipated to close by June 30, 2027, pending the GCI spin-off and other customary conditions. Update(s): May 27, 2025: Liberty Broadband Corporation announced it will webcast an Investor Conference Call on Tuesday, June 3, 2025, to discuss the planned spin-off of its GCI business into a new company, GCI Liberty, Inc. The discussion will include commentary on the financial outlook for both GCI Liberty and Liberty Broadband, along with other forward-looking topics. The spin-off is expected to be completed in summer 2025. June 20, 2025: Liberty Broadband (LBRDA, LBRDK, LBRDP) announced key dates for the planned spin-off of its wholly owned subsidiary, GCI Liberty, Inc. Record date: June 30, 2025 Distribution date: July 14, 2025 Distribution terms: Shareholders will receive 0.20 shares of GCI Liberty’s Series A, B, and C common stock for each corresponding share of Liberty Broadband held as of the record date. Cash will be paid in lieu of fractional shares (no interest). Upon completion, GCI Liberty will become an independent, publicly traded company, initially consisting of 100% of GCI, LLC and its subsidiaries. The spin-off remains subject to customary closing conditions, including final approval from the Regulatory Commission of Alaska, expected by June 27, 2025. If conditions are not satisfied or waived, Liberty Broadband may defer the distribution and will announce changes via press release and SEC filing. Trading: GCI Liberty Series A (GLIBA) and Series C (GLIBK) are expected to list on the Nasdaq Global Select Market. Series B (GLIBB) will be quoted on the OTC Markets. When-issued trading may begin near the record date, with regular-way trading expected on July 15, 2025. Liberty Broadband common stock will continue to trade under existing symbols unless the planned acquisition by Charter Communications is completed. July 10, 2025: Liberty Broadband (Nasdaq: LBRDA, LBRDK, LBRDP) announced that in connection with its planned spin-off of GCI Liberty, Inc., shares of GCI Liberty’s Series A and Series C common stock will trade on a when-issued basis under the tickers “GLBAV” and “GLBKV” from July 11 through July 14, 2025. The spin-off, structured as a dividend, is set to occur after market close on July 14, 2025, for Liberty Broadband shareholders of record as of June 30, 2025. Due to Nasdaq’s July 15 ex-dividend date and “due bill” trading, buyers of Liberty Broadband stock through July 14 will still receive GCI Liberty shares. Regular-way trading for GCI Liberty’s Series A and C shares (tickers: “GLIBA” and “GLIBK”) will begin July 15, while Series B shares (ticker: “GLIBB”) are expected to start trading on the OTC Markets around July 21. July 14, 2025: Liberty Broadband (Nasdaq: LBRDA, LBRDK, LBRDP) has completed the spin-off of GCI Liberty (Nasdaq: GLIBA, GLIBK) as of July 15, 2025. Both are now independent, publicly traded companies. GLIBA and GLIBK will begin trading on Nasdaq, while GLIBB (Series B) is expected to begin OTC trading around July 21. Liberty Broadband’s shares will continue trading ahead of its planned merger with Charter Communications, which is expected to close alongside Charter’s combination with Cox Communications. Leadership update: Marty Patterson has been named President & CEO of Liberty Broadband, succeeding John Malone, who remains Chairman of both Liberty Broadband and GCI Liberty.
Liberty Broadband Investor Relations Resources: November 13, 2024: Announcement Liberty Broadband has agreed to spin off its GCI business by way of a distribution to the stockholders of Liberty Broadband prior to the closing of the acquisition of Liberty Broadband by Charter. | ||||||||||||||||
| detail | RealSense | 01/08/2025 | INTC | |||||||||||||
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Intel Corporation, spinoff details: Intel said in a statement to The Robot Report that it plans to spin off RealSense as an independent company. The transition is expected to be completed in the first half of 2025, with the new entity becoming part of the Intel Capital portfolio. Update(s): JUly 11, 2025: Intel has spun off its computer vision and robotics unit RealSense, which has raised $50 million in Series A funding to fuel global expansion and product development. Investors include MediaTek Innovation Fund and Intel Capital, which is also being spun off. Nadav Orbach, Intel’s VP of incubation and disruptive innovation, will lead RealSense as CEO. Intel Investor Relations | ||||||||||||||||
| detail | Ralliant Corp | 09/04/2024 | FTV | |||||||||||||
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Fortive Corporation, spinoff details: Fortive Corporation announced its intention to pursue a tax-free spin-off of its Precision Technologies segment. James A. Lico, Fortive’s President and Chief Executive Officer, stated, Once the spin-off is complete, Fortive will be more focused on recurring revenue and software businesses, and better positioned to accelerate growth and consistently grow earnings and free cash flow. Fortive is currently targeting completion of the spin-off in the fourth quarter of 2025, subject to the satisfaction of certain conditions Fortive Investor Relations Fortive Corporation announced its intention to pursue a tax-free spin-off of its Precision Technologies segment. The planned spin-off will create two independent publicly traded companies, each with focused business models and tailored investment and capital allocation strategies. James A. Lico, Fortive’s President and Chief Executive Officer, stated, Once the spin-off is complete, Fortive will be more focused on recurring revenue and software businesses, and better positioned to accelerate growth and consistently grow earnings and free cash flow. Fortive is currently targeting completion of the spin-off in the fourth quarter of 2025, subject to the satisfaction of certain conditions
May 5, 2025: Fortive has filed a Form 10 with the SEC for the planned spin-off of its Precision Technologies segment, to be named Ralliant, on track for completion by Q2 2025. Fortive also named Neill Reynolds—former CFO of Wolfspeed—as Ralliant’s CFO, effective June 2, 2025. June 2, 2025: Fortive Corporation will host a live Investor Day webcast on Tuesday, June 10, 2025, in New York, featuring presentations from both Fortive and Ralliant Corporation, ahead of Ralliant’s planned spin-off on June 28, 2025. June 10, 2025: Ralliant, which is set to spin off from Fortive on June 28, 2025, shared its plans as an independent precision technologies company at its Investor Day, outlining its growth strategy, capital allocation priorities, and a cumulative free cash flow target of over $1 billion through 2028. (Investor Presentation) (Press Release) June 25, 2025: Ralliant replaces Wolfspeed (WOLF) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, July 1. S&P 500 constituent Fortive Corp. (FTV) is spinning off Ralliant in a transaction expected to be completed on June 30. Fortive will remain in the S&P 500 post spin-off. June 30, 2025: Fortive (FTV) has completed the spin-off of its Precision Technologies segment into Ralliant (RAL), which began trading on the NYSE on June 28, 2025. Shareholders received 1 Ralliant share for every 3 Fortive shares held as of June 16. Olumide Soroye has succeeded James Lico as President & CEO of Fortive and joined the board. Lico will remain a senior advisor through year-end. Fortive Investor Relations Resources September 4, 2024: Announcement | ||||||||||||||||
| detail | Amrize | 01/28/2024 | HCMLY | |||||||||||||
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Holcim AG, spinoff details:
On 28 January 2024, Holcim announces its intent to list its North American business in the US with a full capital market separation. Holcim post US listing of North America is expected to remain included in the Swiss Market Index. The Board has tasked Jan Jenisch to lead the planned US listing of Holcim’s North America business. The US listing is expected to be completed in the first half of 2025. It will be subject to shareholder approval at an Extraordinary General Meeting expected in the first quarter of 2025, as well as other customary approvals. On 28 January 2024, Holcim announces its intent to list its North American business in the US with a full capital market separation. Holcim post US listing of North America is expected to remain included in the Swiss Market Index. The Board has tasked Jan Jenisch to lead the planned US listing of Holcim’s North America business. The US listing is expected to be completed in the first half of 2025. It will be subject to shareholder approval at an Extraordinary General Meeting expected in the first quarter of 2025, as well as other customary approvals.
Updates(s): December 6, 2024: Holcim is moving forward with the planned 100% spin-off of its North American business, aiming for a NYSE listing as a domestic issuer under US GAAP, with an additional SIX Swiss Exchange listing for European investors. Pending shareholder approval on May 14, 2025, and regulatory clearances, the spin-off is expected to be completed by mid-2025. January 10, 2025: Holcim has announced the next steps in the planned spin-off and NYSE listing of its North American business, expected by mid-2025 pending shareholder and regulatory approvals. Jan Jenisch, current Chairman of Holcim and former CEO (2017–2024), will serve as Chairman and CEO of the new entity. The designated 10-member Board includes Jenisch and nine independent directors with extensive experience across construction, manufacturing, finance, and legal sectors in North America. The Board will take effect upon completion of the spin-off. Holcim’s Board has proposed Kim Fausing as Chairman, to succeed Jan Jenisch after the 2025 AGM. Jenisch will not seek re-election as he prepares to lead Holcim’s planned North American spin-off as Chairman and CEO. February 21, 2025: Holcim announces that Amrize will be the name of its North American business following the execution of the planned spin-off. The company intends to list Amrize shares under the symbol ‘‘AMRZ’’ on the New York Stock Exchange (NYSE) with an additional listing on the SIX Swiss Exchange. February 28, 2025: Amrize Form 10 publicly filed with U.S. Securities and Exchange Commission for planned spin-off. An Investor Day is planned for March 25, 2025, in NYC to outline its strategy and capital plans. The spin-off is expected to be completed by mid-2025, pending SEC effectiveness and shareholder approval at Holcim’s AGM on May 14, 2025. March 25, 2025: Holcim has named the future executive team for Amrize, its planned North America spin-off. Jan Jenisch will serve as Chairman and CEO. Ian Johnston, currently CFO of Holcim North America, will become CFO of Amrize. (Presentation) April 7, 2025: Amrize has completed a $3.4 billion bond offering as it prepares for its planned spin-off. April 14, 2025: Holcim’s AGM will be held on May 14, 2025, in Zug, Switzerland. The Board is proposing an 11% higher dividend of CHF 3.10 per share and a special dividend-in-kind of one Amrize share for each Holcim share—paving the way for the 100% spin-off of Holcim’s North American business. If approved, the spin-off is expected in June 2025, with Amrize to be listed on both the NYSE (AMRZ) and SIX Swiss Exchange. The transaction is expected to be tax neutral in Switzerland and the U.S. April 25, 2025: Confirms Amrize spin-off on track, listing expected in June 2025. May 7, 2025: Amrize moved closer to its planned spin-off from Holcim by filing an updated Form 10, now including its Q1 2025 financials under U.S. GAAP. May 14, 2025: Holcim shareholders approved all Board proposals at the AGM in Zug, including a 99.75% vote in favor of the Amrize spin-off. Shareholders also approved a dividend-in-kind of 1 Amrize share for each Holcim share. Amrize will be listed on the NYSE and SIX Swiss Exchange under ticker AMRZ in June 2025. Holcim shareholders approved an 11% dividend increase to CHF 3.10/share, paid from capital reserves (not subject to Swiss withholding tax). All Holcim board members standing for re-election confirmed; Adolfo Orive and Sven Schneider newly elected. Jan Jenisch, Hanne Sørensen, and Jürg Oleas did not seek re-election. June 2, 2025: Trading of Amrize shares is expected to begin on June 23, 2025, on both the NYSE and SIX Swiss Exchange under the ticker symbol "AMRZ." The spin-off will occur through a one-for-one distribution of Amrize shares to Holcim shareholders. Amrize will also seek inclusion in key U.S. equity indices. Holcim will remain listed on the SIX under the ticker “HOLN” and continue to be part of the SMI and SLI indices. June 23, 2025: Holcim has completed the 100% spin-off of Amrize, its North American professional builders business, via a dividend-in-kind of one Amrize share for each Holcim share held as of June 20, 2025. Amrize shares begin trading under the ticker “AMRZ” on both the SIX Swiss Exchange and the NYSE. | ||||||||||||||||
| detail | Costamare Bulkers | 02/27/2025 | CMRE | |||||||||||||
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Costamare Inc. , spinoff details:
Costamare Inc., a company that owns and charters containerships to liner companies worldwide, plans to separate its dry bulk shipping operations into an independent entity, Costamare Bulkers Holdings Limited. This will result in two publicly traded companies: Costamare Inc. will continue as a global container shipping provider, retaining its owned container vessels and Neptune Maritime Leasing Limited. Costamare Bulkers Holdings Limited will become an international dry bulk vessel owner and operator, managing the owned dry bulk fleet and the CBI operating platform. Shares of Costamare Bulkers Holdings Limited are expected to be listed on the New York Stock Exchange. The spin-off is targeted for completion within 2025, pending regulatory approvals and board approval. Costamare Inc., a company that owns and charters containerships to liner companies worldwide, plans to separate its dry bulk shipping operations into an independent entity, Costamare Bulkers Holdings Limited. This will result in two publicly traded companies:
Shares of Costamare Bulkers Holdings Limited are expected to be listed on the New York Stock Exchange. The spin-off is targeted for completion within 2025, pending regulatory approvals and board approval. March 31, 2025: Costamare Inc. announced that the incoming management team of Costamare Bulkers Holdings Limited will host a virtual Analyst and Investor Day on April 9, 2025. Costamare Bulkers, which will hold Costamare Inc.'s owned dry bulk vessels and the CBI operating platform, is set to launch following the previously announced spin-off of Costamare's dry bulk business. April 8, 2025: Costamare announces Conference Call Details for the virtual Analyst and Investor Day that the incoming management team of Costamare Bulkers Holdings Limited will host on Wednesday April 9, 2025. Costamare Bulkers is the new company that will hold Costamare Inc.’s owned dry bulk vessels and the CBI operating platform upon completion of Costamare Inc.’s previously announced spin-off of its dry bulk business. April 9, 2025: Analyst and Investor Day Presentation April 17, 2025: Costamare Inc. has approved the spin-off of its dry bulk shipping business into a standalone public company, Costamare Bulkers Holdings Limited. Distribution Details Trading Timeline When-Issued Trading Begins: On or about May 1, 2025, Costamare Bulkers shares will begin trading on a “when-issued” basis under the symbol CMDB WI on the NYSE. At the same time, Costamare Inc. shares will trade in two markets:
Listing Date Costamare Bulkers is expected to begin regular-way trading on May 7, 2025 on the NYSE under the symbol CMDB. Costamare Inc. will continue to trade as CMRE. May 7, 2025: Costamare Bulkers Holdings (CMDB) announced its debut as an independent, publicly traded company and the completion of its separation from Costamare Inc. The company’s shares begin trading on the New York Stock Exchange under the symbol “CMDB.” Costamare Inc. will continue to trade on the NYSE under the ticker symbol “CMRE.” Under the terms of the separation, each holder of Costamare common shares received one common share of Costamare Bulkers for every five Costamare common shares held as of the close of business on April 29, 2025.
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