DuPont approves Qnity spin-off and distribution

DuPont (DD) has approved the separation of its Electronics business, Qnity Electronics. To effect the separation, the DuPont Board of Directors declared a pro rata dividend of all of the issued and outstanding shares of common stock of Qnity. The dividend is expected to occur on November 1, the distribution date, to DuPont stockholders of record as of the close of business on October 22, the record date. Effective as of the distribution date, each DuPont stockholder will receive one share of Qnity common stock for every two shares of DuPont common stock held on the record date. In connection with the separation and the distribution, Qnity declared a cash dividend of approximately $4.122B, plus the pre-funded interest deposit of approximately $66M made by DuPont in connection with the debt obligations incurred by Qnity, plus any investment returns on the amounts held in escrow in respect of such debt obligations, payable to DuPont. The NYSE has authorized the Qnity common stock for listing; “when-issued” trading is expected to begin on October 27, under the symbol “Q WI”, with such trading ending at the close of business on October 31. Following the separation and distribution, Qnity common stock is expected to begin “regular way” trading on the NYSE on Monday, November 3, 2025 under the symbol “Q”. Beginning on October 27, and continuing through October 31, it is expected that there will be two markets in DuPont common stock on the NYSE: a “regular-way” market under the symbol “DD” in which DuPont shares will trade with the right to receive shares of Qnity common stock in the distribution, and an “ex-distribution market” under the symbol “DD WI” in which DuPont shares will trade without the right to receive shares of Qnity common stock in the distribution. The distribution is subject to the satisfaction or waiver of certain customary conditions, which DuPont expects will be satisfied by the distribution date.