other material
confidence high
sentiment neutral
materiality 0.75
Aptiv completes Versigent spin-off; pro forma 2025 net loss $43M on continuing operations
Aptiv PLC
- Spin-off completed Apr 1, 2026; Aptiv distributed 1 Versigent share for every 3 Aptiv shares.
- Versigent issued $2.1B debt and distributed $2.125B cash to Aptiv; Aptiv used ~$2.113B to repay debt.
- Pro forma 2025 continuing ops revenue $12.4B, net loss $43M (vs historical net income $165M).
- Pro forma 2025 basic EPS loss $0.20 (vs historical EPS $0.75).
- Versigent began trading on NYSE under ticker 'VGNT'.