$VYLR · Vylor Inc.

Corteva, Inc. completed the separation of its seed operating segment into Vylor Inc., an independent publicly traded company, effective October 1, 2026. The spin-off was executed through a pro rata distribution of all Vylor common stock to Corteva shareholders of record as of September 24, 2026. Vylor shares began regular-way trading on the NYSE under the symbol VYLR on October 1, 2026, and the company entered into six key agreements with Corteva governing the ongoing relationship, including tax matters, employee allocation, transition services, intellectual property, and seed treatment supply

VYLR closed the regular session at $73.33, up 9.02% on the day. Extended-hours last trade matches the regular close at $73.33, with a -0.18% move since the filing time of $73.46 — essentially flat post-filing. The ~$49B market cap reflects a substantial standalone valuation for the Corteva seed assets.

One of the largest agribusiness spin-offs in recent years, creating a ~$49B pure-play seed company that index funds and active managers must now independently evaluate and allocate to.

The Corteva-Vylor split mirrors the broader agribusiness trend of separating seed/breeding operations from crop protection chemicals, following similar moves by peers seeking pure-play valuations. Vylor enters as one of the largest standalone seed companies globally.

As a newly independent company, Vylor faces execution risk across six transitional agreements with Corteva, including tax matters, employee allocation, and IP rights. Forward-looking statements caution that actual results may differ materially due to risks detailed in the Information Statement.