Trinzic, Inc. - Spinoff
No specific financial terms or separation ratios were disclosed in the filing excerpt for Trinzic, Inc.'s spinoff event dated September 30, 2026.
Why this matters
Trinzic, Inc., formerly known as Solar SpinCo Inc., operates in the heavy construction sector, focusing on projects other than building construction. The company is being spun off from KBR, Inc., a decision made at the discretion of KBR's board of directors. This separation will result in Trinzic becoming an independent entity, with its common stock distributed to KBR shareholders. The board retains the authority to alter the terms of the spinoff, including the record and distribution dates, and may choose not to proceed with the distribution at any time before it occurs. Equiniti Trust Company, LLC will serve as the distribution agent for Trinzic's common stock.