other material
confidence high
sentiment neutral
materiality 0.75
Sandisk spin-off from WDC cleared by SEC; 80.1% distribution on Feb 21, 2025
Sandisk Corp
- SEC declared effective Sandisk's Form 10 registration statement on Jan 31 for spin-off from Western Digital.
- Record date for distribution is Feb 12, 2025; WDC holders to receive 80.1% of Sandisk shares pro rata.
- When-issued trading under ticker SNDK on Nasdaq begins Feb 13; regular-way trading starts Feb 24, 2025.
- Distribution effective 11:59 p.m. PT on Feb 21, 2025; completion subject to customary conditions.