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Friday, September 25, 2026

Equity Corporate Actions Alert #2026 - 687
Information Regarding the Special Cash Dividend and When-Issued Market for Gentherm Inc (THRM)

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  • Industry Announcement

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On September 17, 2026, Gentherm Inc. declared a special cash dividend in connection with the previously announced business combination of Gentherm, Inc. (Nasdaq: THRM) and Modine Manufacturing Company (NYSE: MOD). The payment of the special cash dividend is conditional on the closing of the merger. The details for the special cash dividend are as follows:

Company/ Parent: Gentherm Inc
Issue: Common Stock
CUSIP: 37253A103
Symbol: THRM
Record Date: September 28, 2026
Payment Date: October 7, 2026
EX Date: October 2, 2026 (conditional upon the closing of merger with Modine's Performance Technologies business)
Due Bill Redemption Date: October 2, 2026
Distribution amount:
 $1.90 for each share held.
Under the terms of the transaction, Modine Manufacturing Company will spin off their Performance Technologies business, which will merge with a subsidiary of Gentherm Inc., completing the Reverse Morris Trust transaction. A when issued market will be established, representing the post-merger shares of Gentherm Inc. to be issued to the Modine Manufacturing Company shareholders and will not be entitled to the special cash dividend. The details for the when issued market are as follows:

Symbol: THRMV
CUSIP: 37253A103
First Trade Date: September 28, 2026
Last Trade Date: October 1, 2026
Settlement Date: October 5, 2026

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 THRM or THRMV contact Nasdaq Trading Services at +1 212 231 5100.

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