Corteva Announces Spin-Off of Vylor Inc.; Record Date Sept 24, 2026

What Happened Corteva, Inc. announced that its board approved the previously announced separation (the “Spin‑Off”) of its seed operating segment into a new, independent, publicly traded company, Vylor Inc. The board declared a pro rata dividend of all issued and outstanding shares of Vylor common stock to Corteva shareholders of record as of the close of business on September 24, 2026. The Distribution is expected to be completed prior to 9:30 a.m. (NYC time) on October 1, 2026. Vylor filed Amendment No. 2 to its Registration Statement on Form 10 providing detailed business and historical financial information.

Key Details

• Board approved the Separation on September 12, 2026; Record Date for the Distribution: September 24, 2026.
• Distribution mechanics: each Corteva shareholder of record will receive 1 share of Vylor common stock for every share of Corteva common stock held; no fractional Vylor shares will be distributed (cash paid in lieu).
• Expected trading schedule: when‑issued trading under “VYLR WI” on the NYSE from Sept 25–30, 2026; regular‑way trading in Vylor common stock as “VYLR” begins at market open on Oct 1, 2026. Corteva shares are expected to trade both “regular‑way” (CTVA, with entitlement) and “ex‑distribution” (CTVA WI, without entitlement) Sept 25–30.
• The Spin‑Off is intended to be tax‑free to U.S. federal income tax purposes for Corteva shareholders, except for cash received in lieu of fractional shares. Completion is subject to customary conditions described in Vylor’s Form 10 Amendment No. 2 and its attached information statement.

Why It Matters This action will create two independent, publicly traded companies: Corteva and Vylor. For shareholders, the transaction changes how value in Corteva’s seed business is held and traded (you will directly own Vylor shares after the Distribution). The one‑for‑one share distribution, the cash‑in‑lieu policy for fractional shares, and the expected trading timeline are material operational details that can affect liquidity, tax reporting, and short‑term stock pricing around the record and trading dates. Investors should review Vylor’s Form 10 Amendment and the attached information statement for the full terms and conditions before the Distribution.