Corteva wins Fourth Circuit reversal; Vylor spinoff distribution set for Oct 1 after California injunction denied

Corteva, Inc.

Fourth Circuit summarily reversed the District Court's order denying California leave to seek a TRO; on remand the District Court denied California's motion to enjoin the Separation.
The Court of Appeals expressed no view on the merits and denied California's request for an injunction pending appeal as moot.
Corteva's board waived the Legal Restraints Condition effective Sept 30, 2026, to the extent unmet solely due to a potential governmental order blocking the Distribution.
Distribution expected completed before 9:30 a.m. New York City time on Oct 1, 2026: pro rata dividend of Vylor Inc. common stock on each Corteva share held as of the Sept 24, 2026 record date.
Corteva's board approved the Separation on Sept 12, 2026, spinning off its seed operating segment into independent, publicly traded Vylor Inc.

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