AGÕæÈ˹ٷ½

STOCK TITAN

Solventum Announces Launch of Secondary Offering of Common Stock

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Neutral)

Solventum Corporation (NYSE: SOLV) has announced a secondary offering of 8,800,000 shares of its common stock, which will be sold entirely by 3M Company (the Selling Shareholder). The offering will be managed by Goldman Sachs & Co. LLC and BofA Securities, Inc. as underwriters.

The shares are being offered through Solventum's shelf registration statement on Form S-3, which became effective on August 13, 2025. Importantly, Solventum will not receive any proceeds from this offering as all shares are being sold by 3M Company. The offering will be conducted through a preliminary prospectus supplement and accompanying prospectus filed with the SEC.

Solventum Corporation (NYSE: SOLV) ha annunciato un'offerta secondaria di 8.800.000 azioni del suo capitale sociale, che saranno vendute interamente da 3M Company (l'Azionista Venditore). L'operazione sarà gestita come garanti da Goldman Sachs & Co. LLC e BofA Securities, Inc.

Le azioni vengono offerte tramite la dichiarazione di registrazione shelf di Solventum sul Modulo S-3, divenuta efficace il 13 agosto 2025. È importante sottolineare che Solventum non riceverà proventi da questa offerta, poiché tutte le azioni sono vendute da 3M Company. L'offerta sarà effettuata mediante un supplemento al prospetto preliminare e il prospetto informativo depositati presso la SEC.

Solventum Corporation (NYSE: SOLV) ha anunciado una colocación secundaria de 8.800.000 acciones de su capital social, que serán vendidas en su totalidad por 3M Company (el Accionista Vendedor). La operación será gestionada por Goldman Sachs & Co. LLC y BofA Securities, Inc. como colocadores.

Las acciones se ofrecen mediante la declaración de registro shelf de Solventum en el Formulario S-3, que entró en vigor el 13 de agosto de 2025. Es importante señalar que Solventum no recibirá ingresos por esta oferta, ya que todas las acciones las vende 3M Company. La colocación se realizará mediante un suplemento de prospecto preliminar y el prospecto adjunto presentados ante la SEC.

Solventum Corporation (NYSE: SOLV)ê°€ 보통ì£� 8,800,000ì£�ì� 2ì°� 공모ë¥� 발표했습니다. 해당 주ì‹ì€ ëª¨ë‘ 3M Company(ë§¤ë„ ì£¼ì£¼)ê°€ íŒë§¤í•� 예정ì´ë©°, ì¸ìˆ˜ë‹¨ì€ Goldman Sachs & Co. LLC와 BofA Securities, Inc.입니ë‹�.

ì� 주ì‹ì€ Solventumì� Form S-3 기반 shelf 등ë¡ì„œë¥˜ë¥� 통해 공모ë˜ë©°, 해당 등ë¡ì„œë¥˜ëŠ� 2025ë…� 8ì›� 13ì�ì—� 효력ì� ë°œìƒí–ˆìŠµë‹ˆë‹¤. 중요í•� ì ì€ 모든 주ì‹ì� 3M Companyì—� ì˜í•´ íŒë§¤ë˜ë¯€ë¡� Solventumì€ ì´ë²ˆ 공모로부í„� 수ìµì� 받지 않는다는 것입니다. 공모ëŠ� SECì—� 제출ë� 예비 ì¦ê¶Œì‹ ê³ ì„� 보충서와 ë™ë´‰ë� ì¦ê¶Œì‹ ê³ ì„œë¥¼ 통해 ì§„í–‰ë©ë‹ˆë‹�.

Solventum Corporation (NYSE: SOLV) a annoncé une offre secondaire de 8 800 000 actions de son capital, qui seront entièrement vendues par 3M Company (l'Actionnaire Vendeur). L'opération sera assurée par Goldman Sachs & Co. LLC et BofA Securities, Inc. en tant que teneurs d'ordre.

Les actions sont proposées au titre de la déclaration d'enregistrement shelf de Solventum sur le formulaire S-3, devenue effective le 13 août 2025. Il est important de noter que Solventum ne percevra aucun produit de cette offre, toutes les actions étant vendues par 3M Company. L'offre sera réalisée au moyen d'un supplément au prospectus préliminaire et du prospectus y afférent déposés auprès de la SEC.

Solventum Corporation (NYSE: SOLV) hat ein Sekundärangebot von 8.800.000 Aktien seines Stammkapitals angekündigt, das vollständig von der 3M Company (dem verkaufenden Aktionär) veräußert wird. Das Angebot wird von Goldman Sachs & Co. LLC und BofA Securities, Inc. als Konsortialführer betreut.

Die Aktien werden über Solventums Shelf-Registrierungserklärung auf Formular S-3 angeboten, die am 13. August 2025 wirksam geworden ist. Wichtig: Solventum erhält aus diesem Angebot keine Erlöse, da sämtliche Aktien von 3M Company verkauft werden. Das Angebot erfolgt mittels eines vorläufigen Prospektergänzungsblatts und des beigefügten Prospekts, die bei der SEC eingereicht werden.

Positive
  • None.
Negative
  • Secondary offering of 8.8 million shares could create selling pressure on the stock
  • No proceeds will be received by Solventum from this offering
  • Potential market impact from significant shareholder (3M) reducing stake

Insights

3M selling 8.8M Solventum shares via secondary offering. Neutral for Solventum as no dilution occurs and no proceeds received.

This secondary offering represents a significant ownership shift but with minimal direct financial impact on Solventum itself. 3M Company, as the selling shareholder, is divesting 8.8 million shares of Solventum common stock, with all proceeds going to 3M, not Solventum. This transaction is structured as a non-dilutive event for current Solventum shareholders (excluding 3M) since no new shares are being created.

The underwriting by Goldman Sachs and BofA Securities suggests an orderly market transaction rather than open market selling, which helps minimize potential negative price pressure that might occur if 3M were to sell this volume directly in the open market. This type of offering is typical following corporate spin-offs, as parent companies often gradually reduce their ownership stakes.

From Solventum's perspective, this offering may actually be beneficial in the long run by increasing the public float and potentially enhancing trading liquidity for the stock. The market's reaction will largely depend on the offering price (not disclosed in the release) and whether it represents a discount to the current market price.

Notably, the transaction comes after Solventum's relatively recent spin-off from 3M (referenced in the forward-looking statements section), suggesting this is part of the planned separation process rather than a judgment on Solventum's prospects or performance. This offering essentially represents 3M's continued execution of its strategy to fully separate from Solventum rather than any fundamental change in Solventum's business operations or outlook.

ST. PAUL, Minn., Aug. 13, 2025 /PRNewswire/ -- Solventum Corporation (NYSE: SOLV, "Company" or "Solventum") today announced the launch of a secondary offering (the "Offering") of 8,800,000 shares of its common stock, par value $0.01 per share, by 3M Company (the "Selling Shareholder"). All of the shares of common stock are being sold by the Selling Shareholder, and Solventum will not receive any proceeds from the Offering. 

Goldman Sachs & Co. LLC and BofA Securities, Inc. will act as the underwriters for the Offering.

The shares of common stock are being offered pursuant to the Company's shelf registration statement (and prospectus) on Form S-3, which became effective upon filing with the U.S. Securities and Exchange Commission (the "SEC") on Aug. 13, 2025. The Offering will be made only by means of a preliminary prospectus supplement filed with the SEC and the accompanying prospectus. Before you invest, you should read the preliminary prospectus supplement and the accompanying prospectus in that registration statement in their entirety and other documents the Company has filed with the SEC for more complete information about the Company and the Offering. You may obtain these documents for free by visiting EDGAR on the SEC website at . Alternatively, a copy of the preliminary prospectus supplement and accompanying prospectus may be obtained by contacting: Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, by telephone at 1-866-471-2526, by facsimile at 212-902-9316, or by email at [email protected] or BofA Securities, Inc., NC1-022-02-25, 201 North Tryon Street, Charlotte, NC, 28255-0001, Attn: Prospectus Department, Email: [email protected].

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such state or jurisdiction.

Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements involve inherent risks and uncertainties, and several important factors could cause actual results to differ materially from those contained in any such forward-looking statement. Forward-looking statements include those containing such words as "anticipates," "believes," "could," "estimates," "expects," "forecasts," "goal," "guidance," "intends," "may," "outlook," "plans," "projects," "seeks," "sees," "should," "targets," "will," "would," or other words of similar meaning in connection with any discussion of future operating or financial performance or business plans or prospects. Among the factors that could cause actual results to differ materially from those described in our forward-looking statements are the following: (1) the effects of, and changes in, worldwide economic, political, regulatory, international, trade and geopolitical conditions, natural disasters, war, public health crises, and other events beyond Solventum's control; (2) operational execution risks; (3) damage to Solventum's reputation or its brands; (4) risks from acquisitions, strategic alliances, divestitures and other strategic events, including the divestiture of our Purification and Filtration business; (5) Solventum's business dealings involving third-party partners in various markets; (6) Solventum's ability to access the capital and credit markets and changes in Solventum's credit ratings; (7) exposure to interest rate and currency risks; (8) the highly competitive environment in which Solventum operates and consolidation in the healthcare industry; (9) reduction in customers' research budgets or government funding; (10) the timing and market acceptance of Solventum's new product and service offerings; (11) ongoing working relationships with certain key healthcare professionals; (12) changes in reimbursement practices of governments or private payers or other cost containment measures; (13) Solventum's ability to obtain components or raw materials supplied by third parties and other manufacturing and related supply chain difficulties, interruptions, and disruptive factors; (14) legal and regulatory proceedings and legal compliance risks (including third-party risks) with regards to antitrust, Foreign Corrupt Practices Act and other anti-bribery laws, environmental laws, anti-kickback and false claims laws, privacy laws, tax laws, and other laws and regulations in the United States and other countries in which Solventum operates; (15) potential liabilities related to a broad group of perfluoroalkyl and polyfluoroalkyl substances, collectively known as "PFAS"; (16) risks related to the highly regulated environment in which Solventum operates; (17) risks associated with product liability claims; (18) climate change and measures to address climate change; (19) security breaches and other disruptions to information technology infrastructure; (20) Solventum's failure to obtain, maintain, protect, or effectively enforce its intellectual property rights; (21) pension and postretirement obligation liabilities; (22) any failure by 3M Company to perform any of its obligations under the various separation agreements entered into in connection with the separation of Solventum from 3M Company and distribution (the "Spin-Off"); (23) any failure to realize the expected benefits of the Spin-Off; (24) a determination by the IRS or other tax authorities that the Spin-Off or certain related transactions should be treated as taxable transactions; (25) indebtedness incurred in the financing transactions undertaken in connection with the Spin-Off and risks associated with additional indebtedness; (26) the risk that incremental costs of operating on a standalone basis (including the loss of synergies), costs of restructuring transactions and other costs incurred in connection with the Spin-Off will exceed Solventum's estimates; (27) the impact of the Spin-Off on Solventum's businesses and the risk that the Spin-Off may be more difficult, time-consuming or costly than expected, including the impact on Solventum's resources, systems, procedures and controls, diversion of management's attention and the impact on relationships with customers, suppliers, employees and other business counterparties; and (28) the impact of a significant number of shares of our common stock that may be sold by the Selling Shareholder.

The above list is not exhaustive or necessarily set forth in the order of importance. Forward-looking statements are based on certain assumptions and expectations of future events and trends, and actual future results and trends may differ materially from historical results or those reflected in any such forward-looking statements depending on a variety of factors. A further description of these factors is located under "Cautionary Note Regarding Forward-Looking Statements" and "Risk Factors" in Solventum's periodic reports on file with the SEC. Solventum assumes no obligation to update any forward-looking statements discussed herein as a result of new information or future events or developments.

About Solventum
At Solventum, we enable better, smarter, safer healthcare to improve lives. As a new company with a long legacy of creating breakthrough solutions for our customers' toughest challenges, we pioneer game-changing innovations at the intersection of health, material and data science that change patients' lives for the better � while empowering healthcare professionals to perform at their best.

Cision View original content to download multimedia:

SOURCE Solventum

FAQ

How many shares is Solventum (NYSE:SOLV) offering in its secondary offering?

Solventum is offering 8,800,000 shares of its common stock through a secondary offering, with all shares being sold by 3M Company.

Will Solventum receive any proceeds from the secondary stock offering?

No, Solventum will not receive any proceeds from the offering as all shares are being sold by the Selling Shareholder (3M Company).

Who are the underwriters for Solventum's secondary offering?

Goldman Sachs & Co. LLC and BofA Securities, Inc. are acting as the underwriters for the offering.

When did Solventum's shelf registration statement become effective?

Solventum's shelf registration statement on Form S-3 became effective upon filing with the SEC on August 13, 2025.

What risks are associated with Solventum's secondary offering?

Key risks include potential stock price pressure from the large share offering, no proceeds benefiting the company, and implications of 3M reducing its ownership stake.
Solventum Corporation

NYSE:SOLV

SOLV Rankings

SOLV Latest News

SOLV Latest SEC Filings

SOLV Stock Data

12.46B
138.79M
20%
67.89%
2.23%
Medical Instruments & Supplies
Surgical & Medical Instruments & Apparatus
United States
ST. PAUL