07:31 AM EDT, 10/16/2025 (MT Newswires) -- Honeywell International ( HON ) said Thursday its board has approved the planned spin-off of Solstice Advanced Materials.

The company said on Oct. 30 it will distribute all shares of Solstice pro rata to shareowners of record on Oct. 17, on the basis of one share of Solstice for every four Honeywell ( HON ) shares.

Solstice will be a pure-play specialty materials company with market positions in refrigerants, semiconductor materials, data center cooling, alternative energy, protective fibers and healthcare packaging, the company said.

Solstice shares are expected to begin trading on Nasdaq on a "when-issued" basis on Oct. 20, under the ticker symbol "SOLSV." Regular trading is expected to begin on Oct. 30 under the ticker symbol "SOLS," the company said.

Honeywell ( HON ) shares were 0.7% higher in premarket trading.