Honeywell Files Form 10 for Solstice Advanced Materials Spin-Off, Investor Day Scheduled.

Honeywell has filed a Form 10 registration statement for the planned spin-off of Solstice Advanced Materials. Solstice will be a pure-play specialty materials company with leading positions in refrigerants, semiconductor materials, protective fibers, and healthcare packaging solutions. The spin-off is expected to occur in Q4 2025. An Investor Day is scheduled for October 8, 2025, in New York City to provide details on Solstice's business and value creation strategy.

Honeywell International Inc. (NASDAQ: HON) has filed a Form 10 registration statement with the U.S. Securities and Exchange Commission (SEC) for the planned spin-off of Solstice Advanced Materials. The move marks a significant milestone in creating an independent specialty materials company. The spin-off is expected to be completed in the fourth quarter of 2025, with Solstice trading under the ticker symbol "SOLS" on the Nasdaq Stock Exchange [1].

Solstice Advanced Materials will be a pure-play specialty materials company with leading market positions in refrigerants, semiconductor materials, protective fibers, and healthcare packaging solutions. The company generated $3.8 billion in net sales and $1.1 billion in adjusted EBITDA in 2024 [2].

The spin-off will result in Solstice operating through two segments: Refrigerants & Applied Solutions, which generated $2.7 billion in net sales, and Electronic & Specialty Materials, which generated $1.0 billion in net sales. Solstice will have a workforce of 3,900 employees and operate from 21 manufacturing sites and four R&D sites [2].

An Investor Day is scheduled for October 8, 2025, in New York City. The event will detail Solstice's growth strategy and financial model, highlighting its differentiated product portfolio, including Solstice® low-global-warming-potential refrigerants, Spectra® high-performance fibers, Hydranal® analytical reagents, and Aclar® pharmaceutical packaging solutions [2].

The Form 10 filing introduces Solstice Advanced Materials as a differentiated advanced materials company with a strong balance sheet and a focus on innovation and manufacturing capabilities. The company aims to create value for stakeholders by partnering with customers to capitalize on secular growth trends [2].

Honeywell expects the spin-off to be tax-free for shareholders for U.S. federal income tax purposes, excluding any cash received in lieu of fractional shares. The planned spin-off will not impact Honeywell's businesses, which are aligned with three powerful megatrends: automation, the future of aviation, and energy transition [2].

References:
[1] https://www.stocktitan.net/news/HON/honeywell-announces-filing-of-form-10-registration-statement-and-272zws4b8efe.html
[2] https://www.marketscreener.com/news/honeywell-announces-filing-of-form-10-registration-statement-and-upcoming-investor-day-for-planned-s-ce7c50dad88df727