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Tuesday, August 4, 2020

Equity Corporate Actions Alert #2020 - 138
Spin-Off/Distribution Information for Smith & Wesson Brands, Inc. (SWBI)

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  • Industry Announcement

Markets Impacted:

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On July 31, 2020, Smith & Wesson Brands, Inc. (SWBI) announced a separation and spin-off of American Outdoor Brands, Inc. The EX distribution when-issued market of Smith & Wesson Brands, Inc. (SWBIV) and the when-issued market for American Outdoors Brands, Inc. common stock (AOUTV) will begin trading on Nasdaq on August 10, 2020. The details for the spin-off and when-issued markets are as follows:

Company/ Parent: Smith & Wesson Brands, Inc.
Issue: Common Stock
CUSIP: 831754106
Symbol: SWBI
Record Date: August 10, 2020
Payment Date: August 24, 2020
EX Date: August 25, 2020
Due Bill Redemption Date: August 26, 2020
Ratio of Spin-Off/ Distribution:
 One (1) share American Outdoor Brands, Inc. (AOUTV) for each four (4) shares of Smith & Wesson Brands, Inc. (SWBI) held.

An EX distribution when issued market will be established for Smith & Wesson Brands, Inc. Trades in the EX distribution when issued market will not carry due-bills for the spin off/distribution. The details for the EX distribution when-issued market are as follows:

Symbol: SWBIV
CUSIP: 831754114
First Trade Date: August 10, 2020
Anticipated Suspension Date: August 25, 2020
Settlement Date: August 27, 2020

A when-issued market will be established for the shares of American Outdoor Brands, Inc. (AOUTV). The symbol will change to AOUT on August 25, 2020. The details for the when issued market are as follows:

Symbol: AOUTV
CUSIP: 02875D109
First Trade Date: August 10, 2020
Regular Way Trading Begins: August 25, 2020
Settlement Date: August 27, 2020

For information regarding this announcement, contact Nasdaq Corporate Data Operations at +1 877 308 0523.

If you would like to register as a market maker in SWBIV or AOUTV contact Nasdaq Trading Services at +1 212 231 5100.

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