NCR Voyix Corp (VYX): M&A transaction — NCR Voyix completes spin-off of NCR Atleos; VYX begins trading ex-Atleos

NCR Voyix Corp

Distribution of 1 Atleos share per 2 Voyix shares effective Oct 16, 2023; Atleos now trades as NATL on NYSE.
Pro forma balance sheet at June 30, 2023 shows Voyix standalone total assets of $5.154B and long-term debt of $2.399B.
Atleos provided ~$3.003B cash to Voyix to repay debt; Voyix retains no Atleos shares after distribution.
Pro forma continuing ops net loss of $81M for H1 2023 (EPS -$0.64) vs historical net income of $29M including Atleos.
Voyix common stock moved from ticker NCR to VYX on NYSE effective Oct 17, 2023.

item 9.01 item 2.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

NCR Voyix Corp completed a disposition involving NCR Atleos Corporation (closed 2023-10-16).

Action: disposition
Counterparty: NCR Atleos Corporation
Closing: 2023-10-16

Exact text from the filing

Voyix completed the pro rata distribution to holders of record of Voyix’s common stock, par value $0.01 per share (“Voyix Common Stock”), as of 5:00 p.m. local New York City time on October 2, 2023 (the “Record Date”), of one share of NCR Atleos Corporation (“Atleos”) common stock, par value $0.01 per share (“Atleos Common Stock”), for every two shares of Voyix Common Stock held by such Voyix common stockholders as of the Record Date (the “Distribution”).

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5 m&a transactions filed in the last 30 days. Browse all m&a transactions →

NCR Voyix Corp filing history →

Source: SEC EDGAR

accession 0000070866-23-000035

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