Solventum Corporation announced the pricing of a secondary offering of 8,800,000 shares of its common stock.
The offering is expected to result in approximately $648 million in gross proceeds to 3M Company, the Selling Shareholder.
The company will not receive any proceeds from the offering.
Offering Details
8,800,000 shares of common stock priced resulting in $648 million gross proceeds to 3M Company.
Underwriters
Goldman Sachs & Co. LLC and BofA Securities are acting as the underwriters for the offering.
Regulatory Compliance
The offering is made pursuant to the Company's shelf registration statement on Form S-3, which became effective on Aug. 13, 2025.
- Solventum's secondary offering is expected to have a significant financial impact on 3M Company as it generates gross proceeds of approximately $648 million.
- The underwriters, Goldman Sachs & Co. LLC and BofA Securities, play a crucial role in facilitating the offering process.
This announcement marks a significant step for Solventum Corporation in the financial market, showcasing its strategic decisions and financial operations.