DuPont took a significant step towards the previously announced separation of its Electronics business, filing the initial Form 10 registration statement with the U.S. Securities and Exchange Commission (SEC). The filing, currently under the placeholder name Novus SpinCo1, Inc, (ElectronicsCo) outlines the planned spin-off and subsequent distribution that will establish a standalone, global leader in materials and technology solutions for the semiconductor and electronics sectors, a silicon heavy sector. DuPont anticipates completing the spin-off on November 1, 2025, contingent upon the satisfaction of customary closing conditions.

The comprehensive information statement included within the Form 10 provides a detailed overview of the separation process and offers crucial business and financial insights into both the existing DuPont and the future ElectronicsCo.

In addition to the Form 10 filing, DuPont has made supplemental presentation materials available on its Investor Relations website under the dedicated "Electronics Form 10" section. These materials offer further context and details regarding the strategic rationale and anticipated benefits of the spin-off.

The planned separation underscores DuPont's ongoing strategy to sharpen its focus and unlock greater value for shareholders. By creating two independent, publicly traded companies, both entities will be better positioned to pursue their distinct growth strategies and capital allocation priorities. The Electronics business, as a standalone entity, will be able to concentrate its resources and expertise on capitalizing on the rapidly evolving needs of the semiconductor and broader electronics industries. This includes advancements in areas such as advanced packaging, circuit materials, and electronic displays.

The Form 10 filing represents an initial, yet critical, step in the spin-off process. As is customary with such filings, DuPont indicated that additional information will be incorporated in subsequent amendments to the Form 10 as the separation process progresses. This iterative approach ensures that investors and the market receive comprehensive and up-to-date information leading up to the targeted completion date.

The November 1, 2025 target for the spin-off remains subject to various customary conditions, including final approval by DuPont’s Board of Directors and the effectiveness of the Form 10 registration statement with the SEC.

The market will be closely watching further developments as DuPont moves closer to separating its Electronics business, a move that is expected to have significant implications for both the company and the broader materials and technology landscape. The creation of a pure-play Electronics leader is anticipated to foster innovation and drive growth within this critical sector. The eventual announcement of the new company name for ElectronicsCo will be another key milestone for investors to anticipate.