An announcement from GRAIL Inc (GRALV) is now available.
On June 24, 2024, GRAIL, Inc. successfully separated from its parent company, Illumina, Inc., and distributed 85.5% of its outstanding shares to Illumina’s shareholders, establishing itself as an independent entity. In a significant financial move, Illumina also transferred approximately $932.3 million to GRAIL. The newly independent GRAIL is set to start trading on the Nasdaq under the ticker symbol “GRAL” on June 25, 2024. This strategic corporate maneuver was underpinned by a series of agreements that outline the ongoing relationship between GRAIL and Illumina post-separation.
For an in-depth examination of GRALV stock, go to TipRanks’ Stock Analysis page.
