Corteva, Inc. has announced that the U.S. Securities and Exchange Commission has declared effective the registration statement related to the separation of its seed business into a new, publicly traded company named Vylor Inc. The spin-off is scheduled to be completed through a pro rata dividend of all outstanding shares of Vylor common stock to holders of Corteva common stock.
The distribution is set to occur prior to 9:30 a.m., New York City time, on October 1, 2026. Holders of record of Corteva common stock as of the close of business on September 24, 2026, will receive one share of Vylor common stock for every share of Corteva common stock they hold. No fractional shares of Vylor common stock will be issued; instead, cash will be provided in lieu of any fractional entitlements.
Following the distribution, Vylor will operate as an independent, publicly traded company focused on the seed business. The company is expected to list its common stock on the New York Stock Exchange under the ticker symbol “VYLR.” Corteva will retain its crop protection operating segment and will continue to trade on the NYSE under the existing symbol “CTVA.”
The transaction is intended to be tax-free to Corteva stockholders for U.S. federal income tax purposes, with the exception of any cash received in lieu of fractional shares. Stockholder approval is not required for the spin-off, and no action is necessary for Corteva shareholders to receive their Vylor shares.
