Corteva Board Approves Spin-Off and Distribution Ratio for Seed Business Vylor Inc.

Executive Summary

On September 12, 2026, the Board of Directors of Corteva, Inc. approved the planned separation of its seed operating segment into an independent, publicly traded company named Vylor Inc. To execute the separation, Corteva declared a pro rata dividend of 100% of the issued and outstanding common stock of Vylor to Corteva stockholders.

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Key Transaction Terms & Timeline

• Distribution Ratio: 1:1 — Corteva stockholders will receive 1 share of Vylor Common Stock for every 1 share of Corteva common stock held as of the record date.
• Record Date: Close of business on September 24, 2026.
• Distribution Date: Expected before 9:30 a.m. New York City time on October 1, 2026.
• Fractional Shares: Cash in lieu of fractional shares.
• Tax Treatment: Intended to qualify as a tax-free distribution for U.S. federal income tax purposes (except for cash received for fractional shares).

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Market & Trading Mechanics

Between September 25, 2026 and September 30, 2026, the following trading markets will be active on the NYSE:

1. Vylor Inc.:

   • When-Issued: Trades under symbol VYLR WI (Sept 25 – Sept 30, 2026).
   • Regular-Way: Expected to begin under symbol VYLR on October 1, 2026.

2. Corteva, Inc.:

   • Regular-Way (with distribution entitlement): Trades under symbol CTVA.
   • Ex-Distribution (without distribution entitlement): Trades under symbol CTVA WI.

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Corporate Context & Additional Disclosures

• Form 10 Filing: On September 15, 2026, Vylor, Inc. filed Amendment No. 2 to its Registration Statement on Form 10 (File No. 001-43376) containing standalone business, strategy, and historical financials.
• Investor Day: Corteva scheduled an Investor Day webcast for September 15, 2026, to introduce Vylor standalone operations and provide Corteva’s post-separation strategic roadmap.