Corteva completes spin-off of seed business into independent Vylor Inc.

Corteva completed a pro rata distribution of its seed segment as an independent company, Vylor Inc., which began trading on NYSE under ticker VYLR on October 1, 2026. The separation involved multiple related agreements (tax, employee, IP, supply) and represents a significant structural change that typically produces movement in both the parent and spinoff security, though the direction depends on market perception of the split value and execution risk.

Corteva split itself into two separate companies: Corteva (which keeps its crop-protection business) and Vylor (the new seed company), with existing shareholders receiving shares of both. Vylor started trading on October 1, 2026.