DuPont announced reverse stock split

DuPont’s Board of Directors approved a reverse stock split of its common stock at a ratio of 1-for-3, reducing the number of authorized shares from 1.666 billion to 555.555 million. The decision was ratified by stockholders during the company’s 2026 Annual Meeting on May 21, 2026, with the split set to take effect on June 24, 2026, at 12:01 a.m. Eastern Time. At this time, every three outstanding shares will combine into one, reducing the total outstanding shares from approximately 405.058 million to around 135.019 million, excluding fractional shares. Every shareholder holding fractional shares will receive a cash payment from Computershare Trust Company, N.A., the company’s transfer agent, instead of fractional shares. Adjustments will also apply to equity awards, including stock options and restricted stock units, as well as outstanding warrants and convertible securities. The reverse split will not alter any stockholder’s proportional ownership in DuPont, except for those receiving cash payments for fractional shares. Shares will begin trading on the New York Stock Exchange on June 24, 2026, under the existing ticker symbol 'DD' but with a new CUSIP number, 26614N 201. Stockholders holding shares in book-entry form or through a nominee will see automatic adjustments, while those with physical certificates will receive instructions from the transfer agent for exchange procedures. DuPont reaffirmed its financial guidance for the second quarter and full year 2026, including net sales, operating EBITDA, and adjusted earnings per share. The company intends to report per-share metrics on a split-adjusted basis moving forward. The reverse stock split aims to enhance share value without affecting ownership proportions.