- Honeywell announced its intention to spin off its Advanced Materials business as **Solstice Advanced Materials Inc. ("Solstice")** on **October 8, 2024**.  **[2064953_0001628280-25-045287_exhibit991-8xk.htm:0]** 
- The distribution of Solstice shares is expected on **October 30, 2025**, with a record date of **October 17, 2025**.  **[2064953_0001628280-25-045287_exhibit991-8xk.htm:0]** 
- Honeywell shareowners will receive **one share of Solstice common stock for every four shares of Honeywell common stock** held on the record date, and the spin-off is anticipated to be **tax-free** for U.S. federal income tax purposes for Honeywell shareowners.  **[2064953_0001628280-25-045287_exhibit991-8xk.htm:0]** 
- Solstice will be an independent, global advanced materials company specializing in refrigerants, semiconductor materials, protective fibers, and healthcare packaging.  **[2064953_0001628280-25-045287_exhibit991-8xk.htm:148]**  Following the spin-off, Solstice anticipates a cash balance of approximately **$450 million** and expects to incur **$2.0 billion** in indebtedness.  **[2064953_0001628280-25-045287_exhibit991-8xk.htm:161]** **[2064953_0001628280-25-045287_exhibit991-8xk.htm:102]**

Solstice Advanced Materials (SOLS)