Illumina said its board approved the spin-off of GRAIL, LLC, to be effected by distributing at least 85.5% of GRAIL common stock (par value $0.001) to Illumina common stockholders as a pro rata dividend.

1. 01

   Illumina said its board approved the spin-off of GRAIL, LLC, to be effected by distributing at least 85.5% of GRAIL common stock (par value $0.001) to Illumina common stockholders as a pro rata dividend.

2. 02

   The company said the distribution is expected to be effective at 12:1 a.m. New York City time on June 24, 2024.

3. 03

   Illumina said GRAIL common stock is expected to trade on a when-issued basis on Nasdaq under the ticker “GRALV” from June 12, 2024 through the distribution date, and to begin regular-way trading under the ticker “GRAL” on Tuesday, June 25.

4. 04

   The company said that from June 12, 2024 through the distribution date, ILMN will trade with an entitlement to GRAIL shares and ILMNV will trade without one, and that from June 25 there will be a single market for Illumina stock under ILMN.

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Original filing

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