solarwinds network performance monitor stock

SOLARWINDS NETWORK PERFORMANCE MONITOR STOCK REGISTRATION
SOLARWINDS NETWORK PERFORMANCE MONITOR STOCK PRO
SOLARWINDS NETWORK PERFORMANCE MONITOR STOCK SOFTWARE

federal, state, local and foreign tax consequences of the separation.īeginning on July 9, 2021, and continuing until the occurrence of the Distribution, SolarWinds expects that SolarWinds common stock will trade in two markets on the NYSE: in the “regular-way” market under the symbol “SWI” and in the “ex-distribution” market under the symbol “SWI WI”. SolarWinds shareholders should consult with their tax advisors with respect to the U.S.

federal income tax purposes, the separation is intended to be tax-free to SolarWinds shareholders, except with respect to any cash received in lieu of fractional shares. Securities and Exchange Commission and made available to SolarWinds stockholders as of the Record Date.įor U.S. A final version of the information statement will be filed with the U.S. The Form 10 includes a preliminary information statement attached as Exhibit 99.1 to the Form 10 describing the separation, N-able’s business, certain risks of owning the common stock of N-able and other details regarding the separation from SolarWinds and the Distribution to SolarWinds stockholders.

SOLARWINDS NETWORK PERFORMANCE MONITOR STOCK REGISTRATION

The Distribution will not affect the number of outstanding shares of SolarWinds common stock or any rights of SolarWinds stockholders.Ī Registration Statement on Form 10 (the “ Form 10”) was previously filed by N-able and today was declared effective by the U.S. No stockholder approval of the Distribution is required, and you do not need to pay any consideration, exchange, or surrender your existing shares of SolarWinds common stock or take any other action to receive your shares of N-able common stock. Holders of SolarWinds common stock as of the Record Date are not being asked to take any action to receive N-able common stock in the Distribution.

Stockholders will receive cash in lieu of any fractional shares that they would otherwise receive in the Distribution. Each SolarWinds stockholder as of the Record Date will receive one share of N-able common stock for every two shares of SolarWinds common stock held by such stockholder as of the Record Date.

SOLARWINDS NETWORK PERFORMANCE MONITOR STOCK PRO

The separation will be effected by means of a pro rata distribution (the “ Distribution”) of shares N-able common stock to holders of SolarWinds common stock as of the close of business on the Record Date.

N-able common stock will trade on the New York Stock Exchange under the symbol “NABL.”

SOLARWINDS NETWORK PERFORMANCE MONITOR STOCK SOFTWARE

SolarWinds will retain its Core IT Management business focused primarily on providing IT infrastructure management software to corporate IT organizations. Following the separation, N-able will provide cloud-based software solutions for managed service providers (“ MSPs”), enabling them to support digital transformation and growth within small and medium-sized enterprises. AUSTIN, Texas-( BUSINESS WIRE)-SolarWinds Corporation (NYSE: SWI) (“ SolarWinds”), a leading provider of powerful and affordable IT management software, today announced that its Board of Directors has established Jas the record date (the “ Record Date”) and Jas the anticipated distribution date (the “ Distribution Date”) in connection with the previously announced potential spin-off of its MSP business into a standalone, separately-traded public company named N-able, Inc.

Solarwinds network performance monitor stock