Ralliant begins trading as independent NYSE company after Fortive spin-off
Fortive distributed all Ralliant common stock to its shareholders, making Ralliant an independent public company effective 12:01 a.m. Eastern Time on June 28, 2025, with shares trading on the NYSE under RAL. Ralliant borrowed $1.15 billion on June 27, 2025 and used the proceeds to make payments to Fortive as part of the asset transfer, and its board was expanded to nine directors with new committee leaders. Fortive shareholders now hold shares in two separate publicly traded companies.
Key points
- Fortive holders received one Ralliant share for every three Fortive shares held at the June 16, 2025 record date
- Ralliant borrowed $1.15 billion on June 27, 2025 under term loans from a May 15, 2025 credit agreement
- Ganesh Moorthy was appointed Chair of the Board and Brian Worrell was appointed Chair of the Audit Committee
- Ralliant trades on the NYSE under RAL, while Fortive continues to trade under FTV
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:57 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 30, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.