Summary
Honeywell International Inc. (HON) has officially completed the previously announced spin-off of its Advanced Materials business, now operating as an independent, publicly traded company named Solstice Advanced Materials Inc. (SOLS). The distribution, effective October 30, 2025, saw Honeywell shareholders receive one share of Solstice Common Stock for every four shares of Honeywell Common Stock held as of October 17, 2025. This strategic move signifies Honeywell's ongoing efforts to streamline its operations and focus on its core businesses. As a result of the spin-off, Solstice Advanced Materials will no longer be consolidated into Honeywell's financial results, allowing for a clearer financial picture for both entities. Investors should note that fractional shares will be settled in cash, and Solstice Common Stock will begin trading on the Nasdaq under the ticker symbol SOLS.
Key Highlights
- 1Honeywell has successfully completed the spin-off of its Advanced Materials business.
- 2The new independent company is named Solstice Advanced Materials Inc., trading under the ticker SOLS on the Nasdaq.
- 3Shareholders received one share of Solstice Common Stock for every four shares of Honeywell Common Stock held.
- 4The distribution record date was October 17, 2025, with the effective spin-off date of October 30, 2025.
- 5Honeywell will no longer consolidate Solstice Advanced Materials' financial results.
- 6Fractional shares will be settled with cash proceeds from their sale, net of fees and taxes.
- 7The spin-off is intended to allow Honeywell to focus on its core strategic priorities.