Honeywell announced that Quantinuum LLC, a company in which Honeywell holds a majority stake, intends to confidentially submit a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO) of its common stock. The number of shares to be offered and the price range have not been set at this time. The IPO is contingent upon market conditions and the completion of the SEC’s review process.
According to Honeywell, “This press release is being made pursuant to, and in accordance with, Rule 135 under the Securities Act of 1933, as amended (the ‘Securities Act’), and shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities. Any offers, solicitations or offers to buy, or any sales of securities, will be made in accordance with the registration requirements of the Securities Act.”
The confidential submission process allows companies like Quantinuum to file draft registration statements with the SEC before making them public as part of their preparations for an IPO.
