Ralliant (RAL) spinoff from Fortive (FTV) - June 2025

Fortive completed the spinoff of Ralliant before markets opened on 30 June 2025. Fortive shareholders received 0.33333 shares of RAL for each share of FTV owned. Ralliant began trading on 30 June 2025.

Resolution:

Exhibit 99.1 of the Ralliant Form 10 registration filing with the SEC has the tax discussion of this spinoff. This exhibit of Form 10 can be found at the EDGAR site at this address: https://www.sec.gov/Archives/edgar/data/2041385/000110465925053286/tm2429554d11_exh99x1.htm

The cost basis allocation information is calculated from the average of the hi and low prices of RAL and FTV on the first trading day for RAL, 30 June 2025. This method to determine fair market value of the post spinoff companies is the method used in IRS form 8937. A link to IRS Form 8937 can be found on this page of the Fortive web site: https://investors.fortive.com/sec-filings/tax-basis-memos

NOTE:

The cost basis allocation is dependent on the prices used for both Ralliant and Fortive in the cost basis allocation calculations. In our experience brokers tend to use the prices found in the guidance companies post on their websites including IRS form 8937. If available, our instructions will use the guidance in form 8937. If your broker does not use that guidance, or form 8937 is not publicly available, the cost basis of the companies involved as recorded in your accounting records and in your broker’s records may not match. This is not cause for concern. This is just due to the inexact nature of the tax code in this regard. Partnership tax returns have specific areas to reconcile these usually small differences. ICLUBcentral tax printer software automatically fills in these adjustments in the normal operation of the software using the data imported from your accounting records and that you enter from your 1099.

 

The Spinoff Entry

Go to Accounting > Securities > Record spinoff of securities in myICLUB.com. If you are unfamiliar with spinoff transactions you can get help at this URL: https://www.myiclub.com/faq/article.aspx?id=54

Here is the information you need to complete the spinoff. 

Step 1

  • Date: 6/30/2025
  • Parent Company : Fortive (FTV)
  • Number of daughter companies : 1

Step 2

Choose

  • Remaining Basis Percentage: 75.4 (per form 8937)
  • Symbol of new company : RAL
  • Shares received : (0.33333 x # of FTV shares owned) Include fractional part, if any. For example, if you owned 100 FTV shares, enter 33.333 (100 x 0.33333)
  • Price Per Share : 50.09   (Price per form 8937)                                             
  • Cash received:  See your broker statement for cash-in-lieu received

Click Submit to save the transaction and the spinoff has been entered.