other material
confidence high
sentiment neutral
materiality 0.60
GRAIL spin-off from Illumina declared effective; distribution details set
GRAIL, Inc.
- SEC declared effective Form 10 for GRAIL spin-off on June 3, 2024.
- Spin-off effective June 24, 2024; Illumina holders receive 1 GRAIL share per 6 ILMN shares held on June 13 record date.
- GRAIL common stock to trade regular way on Nasdaq under 'GRAL' starting June 25, 2024.
- Prior to spin-off, GRAIL LLC converts to Delaware corporation, renamed GRAIL, Inc.
- Distribution subject to satisfaction or waiver of conditions in Information Statement.