Versant Media Group Completes Separation from Comcast and Commences Trading as Independent Company

Summary

Versant Media Group, Inc. (Nasdaq: VSNT) has successfully completed its separation from Comcast Corporation and has begun trading as an independent, publicly-traded company on the Nasdaq Stock Market under the ticker symbol 'VSNT'. This separation involved a pro rata distribution of 100% of Versant's Class A and Class B common stock to Comcast's stockholders of record as of December 16, 2025, at a ratio of one share of Versant common stock for every 25 shares of Comcast common stock. The separation was governed by several agreements, including the Separation and Distribution Agreement, Tax Matters Agreement, and Employee Matters Agreement. Versant enters the market with a strong balance sheet and clear capital priorities, positioning itself for growth and evolution in the media and entertainment industry.