Western Digital Corporation
SEC Approves Spin-Off of Sandisk from Western Digital
Summary
On January 31, 2025, the SEC declared effective Amendment No. 3 to the Registration Statement on Form 10, filed by Sandisk Corporation, in connection with Western Digital Corporation's previously announced separation of its flash business from its remaining hard disk drive business through a spin-off transaction. The spin-off will involve the distribution of 80.1% of Sandisk's common stock to Western Digital's stockholders. Sandisk expects to commence mailing of the final information statement to stockholders on or about January 31, 2025, with 'when-issued' trading of Sandisk common stock expected to begin on February 13, 2025, and regular-way trading on February 24, 2025. The completion of the distribution is subject to certain conditions.
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About Western Digital Corporation
Western Digital Corporation is a global leader in data storage solutions, specializing in designing, manufacturing, and marketing high-performance hard drives and solid-state drives for a variety of applications. As one of the key players in the data storage industry, Western Digital's primary function is to provide reliable and innovative storage products that serve consumer, business, and enterprise needs. Its product portfolio encompasses solutions for desktop and notebook computers, data centers, and the embedded and removable storage market through brands like WD and SanDisk. Western Digital plays a crucial role in sectors such as cloud computing, data infrastructure, and mobile device manufacturing, catering to the ever-growing demand for efficient data storage and management technologies. The company's commitment to research and development has positioned it at the forefront of technological advancements, helping to drive the innovations required to manage the digital information explosion effectively. Founded in 1970 and headquartered in San Jose, California, Western Digital continues to influence industry standards, making significant contributions to the infrastructure that powers today's digital world.
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