DuPont (NYSE:DD) today announced that its Board of Directors has approved the previously announced separation of its Electronics business, Qnity Electronics, Inc. ("Qnity"). 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, 2025, the distribution date, to DuPont stockholders of record as of the close of business on October 22, 2025, the record date. Effective as of the distribution date, each DuPont stockholder will receive one (1) share of Qnity common stock for every two (2) shares of DuPont common stock held on the record date. Registered DuPont stockholders will receive cash in lieu of any fractional shares of Qnity common stock.
In connection with the separation and the distribution, the Qnity Board of Directors today declared a cash dividend of approximately $4.122 billion, plus the pre-funded interest deposit of approximately $66 million 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.