Summary
This 8-K filing announces that the U.S. Securities and Exchange Commission (SEC) declared GE Healthcare Technologies Inc.'s (GEHC) registration statement effective on December 8, 2022. This is a crucial step towards the planned spin-off from General Electric (GE). The filing confirms the distribution date is expected to be January 3, 2023, with a record date of December 16, 2022. Shareholders of GE will receive one share of GEHC common stock for every three shares of GE common stock held on the record date. Investors can anticipate GEHC's common stock to commence "regular way" trading on The Nasdaq Stock Market under the ticker symbol "GEHC" on January 4, 2023. This marks the beginning of GE HealthCare as an independent, publicly traded entity, providing investors with a direct investment opportunity in the healthcare sector.
Key Highlights
- 1SEC declares GEHC's registration statement effective on December 8, 2022.
- 2The spin-off from General Electric (GE) is expected to be effective on January 3, 2023.
- 3The record date for the distribution is December 16, 2022.
- 4GE shareholders will receive one share of GEHC for every three shares of GE held on the record date.
- 5GEHC common stock will begin trading on The Nasdaq Stock Market under the ticker "GEHC" on January 4, 2023.
- 6The company will convert into a corporation and be renamed GE HealthCare Technologies Inc. prior to the spin-off completion.