Honeywell has announced that its Board of Directors has set October 17, 2025 as the record date for the spin-off of Solstice Advanced Materials. The company plans to distribute all issued and outstanding shares of Solstice common stock to Honeywell shareholders on a pro rata basis, with the distribution expected at 12:01 a.m. New York City time on October 30, 2025. Shareholders will receive one share of Solstice common stock for every four shares of Honeywell held as of the close of business on the record date.
After the distribution, Solstice is expected to begin trading on Nasdaq under the ticker symbol “SOLS” starting October 30, 2025. Honeywell will continue trading under its current ticker symbol “HON.”
David Sewell, President and CEO of Solstice Advanced Materials, said, “We look forward to beginning our journey as a standalone company on October 30. With a leading portfolio of refrigerants, semiconductor materials, protective fibers, healthcare packaging solutions and unique nuclear power capabilities—Solstice is well positioned to deliver long-term value for our shareowners while helping our customers address some of the world’s most pressing challenges.”
The completion of the spin-off depends on certain conditions being met or waived. These include approval by Honeywell’s Board in accordance with the Separation and Distribution Agreement filed with the U.S. Securities and Exchange Commission (SEC) as part of Form 10 registration statement, which was declared effective by the SEC on September 30, 2025.
The spin-off is expected to be tax-free for U.S. federal income tax purposes for Honeywell shareholders except for cash received instead of fractional shares.
Trading in Solstice common stock is anticipated to start on a “when-issued” basis under “SOLS WI” around October 20, 2025 before regular trading begins at month-end. During this period from October 20 through October 29, there will be two markets in Honeywell common stock: one (“HON”) with rights to receive Solstice shares and another (“HON WI”) without those rights.
Honeywell advises shareholders to consult financial advisors about buying or selling Honeywell stock during this transition period.
Honeywell also reported that Solstice has completed its $1 billion senior notes offering related to the spin-off. The notes bear interest at an annual rate of 5.625%, payable semi-annually starting March 31, 2026, and mature September 30, 2033.
An Investor Day hosted by Solstice is scheduled for October 8, 2025 in New York City where leaders will present information about specialty businesses and growth prospects. The event will highlight products such as low-global-warming-potential refrigerants and pharmaceutical packaging solutions. A live webcast will be available through Honeywell’s investor relations website.
Solstice Advanced Materials serves various industries including refrigerants manufacturing and healthcare packaging across more than 120 countries with approximately 4,000 employees worldwide.
Forward-looking statements in this announcement note potential risks associated with completing the transaction within anticipated timelines or achieving intended benefits due to factors like market volatility or regulatory issues.
For more information about Honeywell’s operations and future events visit www.honeywell.com/newsroom or www.honeywell.com/investor.
