Vistance Networks, Inc.: declares special cash distribution of $1.50 per share

What happened On Oct 14, 2026, Vistance Networks, Inc. announced that its board of directors has declared the payment of a one-time special cash distribution (the "Special Distribution") of $1.50 per share. The Special Distribution will be paid on Nov 6, 2026, to stockholders of record at the close of business on Oct 26, 2026.

Key details

• Special Distribution: $1.50 per share.
• Record date: Oct 26, 2026; payment date: Nov 6, 2026; ex-dividend date (per Nasdaq Rule 11140(b)(2) because the distribution is 25% or greater of the stock value): Nov 9, 2026.
• U.S. federal tax treatment: the company does not believe it has a meaningful amount of current and accumulated earnings and profits and currently expects the Special Distribution to be treated first as a return of capital to the extent of each shareholder's tax basis, and thereafter as capital gain; if the company has earnings and profits, the distribution will be treated as a dividend.
• The company will prepare and file an IRS Form 8937 within 45 days following the Special Distribution and post it on its investor relations website; the filing may be based on estimates and updated after final determination.

Why it may matter This report was filed under Item 8.01 (Other events) and describes the board-declared cash distribution and the company's current view on U.S. federal tax treatment. A filing does not show why the insider traded or why the company acted.