Solventum Corporation announced the pricing of the secondary offering of 8,800,000 shares of its common stock.
The offering is expected to result in gross proceeds of approximately $648 million to 3M Company, the Selling Shareholder.
The Offering is set to close on or about Aug. 15, 2025, subject to customary closing conditions.
Share Offering Details
8,800,000 shares of common stock offered, leading to around $648 million in proceeds to 3M Company.
Underwriters
Goldman Sachs & Co. LLC and BofA Securities are acting as the underwriters for the Offering.
Registration Statement
The shares are being offered under the Company's shelf registration statement (Form S-3) filed with the SEC on Aug. 13, 2025.
- The secondary offering is expected to provide significant funds to the Selling Shareholder, 3M Company.
- This move showcases Solventum's commitment to financial strategies and market positioning.
The pricing of the secondary offering marks a crucial financial milestone for Solventum Corporation and reflects the market's confidence in the company's future.