Sandisk Corporation Announces Effective Declaration for Spin-Off from Western Digital

Summary

On January 31, 2025, Sandisk Corporation, a subsidiary of Western Digital Corporation, announced that the U.S. Securities and Exchange Commission declared effective Amendment No. 3 to its Registration Statement related to the previously announced spin-off of its flash business. The spin-off involves the distribution of 80.1% of Sandisk's common stock owned by WDC to WDC's existing stockholders. Following the spin-off, Sandisk is expected to become an independent, publicly traded company with shares trading on The Nasdaq Stock Market under the symbol 'SNDK'. The distribution is scheduled for February 21, 2025, with regular-way trading commencing on February 24, 2025.