Qnity Electronics Inc.
12/04/2025 | Press release | Distributed by Public on 12/04/2025 15:48
Material Event (Form 8-K)
Item 8.01 Other Events.
In connection with its Current Report on Form 8-K filed on November 3, 2025, Qnity Electronics, Inc., a Delaware corporation ("Qnity"), indicated it would disclose the numeric percentage of the Applicable Percentage (as defined in the Separation Agreement) of Qnity and the resulting Minimum EBITDA (as defined in that certain Letter Agreement, dated as of June 1, 2019, by and between DuPont de Nemours, Inc., a Delaware Corporation ("DuPont"), f/k/a DowDuPont Inc. and Corteva, Inc.), in respect of Qnity once determined after the spin-off on November 1, 2025 of Qnity from DuPont.
On December 2, 2025, Qnity and DuPont determined and agreed, pursuant to the Separation and Distribution Agreement, dated as of November 1, 2025, by and between Qnity and DuPont (the "Separation Agreement"), that the Applicable Percentage (as defined in the Separation Agreement) of Qnity is 44%. As a result, the Minimum EBITDA in respect of Qnity is $1,100,000,000.
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