Solventum Corp's 10% Owner 3M CO Sells 8800000 Shares at $73.45 on 2025-08-15.

Solventum Corp [SOLV] has announced that 3M CO, a 10% owner, has executed a transaction involving the sale of 8,800,000 shares at a price of $73.45 per share on August 15, 2025.

Title: Solventum Corp [SOLV] Stock Drops Following 3M's Secondary Offering

Solventum Corp [SOLV] experienced a 2% decline in its stock price following the announcement that its former parent company, 3M Company, is selling 8,800,000 shares in a secondary offering. The transaction, which took place on August 15, 2025, saw the shares sold at a price of $73.45 per share. Goldman Sachs & Co. LLC and BofA Securities, Inc. acted as the underwriters for the transaction [2].

Solventum emphasized that it will not receive any proceeds from the offering, as all shares are being sold by 3M. This secondary offering represents a significant move by 3M to further reduce its stake in Solventum following the company’s spinoff. The offering consists entirely of existing shares currently held by 3M Company, with no new shares being issued by Solventum as part of this transaction [1].

Investors have expressed concern about the potential market impact of the large block of shares becoming available, which has contributed to the stock price decline. The secondary offering is expected to result in gross proceeds of approximately $648 million for 3M, but it remains to be seen how the market will react to the increased supply of Solventum shares [1].

References:
[1] https://investors.solventum.com/2025-08-13-Solventum-Announces-Pricing-of-Secondary-Offering-of-Common-Stock
[2] https://www.investing.com/news/stock-market-news/solventum-stock-falls-after-3m-announces-secondary-offering-93CH-4190154