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 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.
Offering Details
8,800,000 shares of common stock priced resulting in gross proceeds of approximately $648 million to 3M Company.
Underwriters
Goldman Sachs & Co. LLC and BofA Securities are handling the underwriting for the offering.
Registration Statement
The shares are offered under the Company's shelf registration statement on Form S-3, effective upon filing with the SEC on Aug. 13, 2025.
- The secondary offering presents a significant financial opportunity for 3M Company, the Selling Shareholder, by generating substantial gross proceeds.
- The involvement of reputable underwriters like Goldman Sachs & Co. LLC and BofA Securities adds credibility and expertise to the offering process.
The successful pricing of the secondary offering demonstrates investor confidence in Solventum Corporation and its common stock.