On October 3, Xperi Inc. to Ring NYSE Opening Bell; Adeia Inc. to Ring Nasdaq Closing Bell

Rhea-AI Summary

Xperi Holding Corporation (NASDAQ: XPER) announces the successful spin-off of its product business, Xperi Inc., effective October 1, 2022. On October 3, 2022, Xperi Inc. will ring the opening bell at the New York Stock Exchange, marking its first trading day under the ticker 'XPER'. Concurrently, Adeia Inc., the independent IP licensing entity, will ring the closing bell on Nasdaq, starting trading under 'ADEA'. This spin-off aims to enhance operational focus and drive growth for both entities in the technology and entertainment space.

Positive

• Successful spin-off of Xperi Inc. from Xperi Holding Corporation, allowing greater operational focus.
• Newly independent Xperi Inc. begins trading on NYSE under the ticker 'XPER'.
• Adeia Inc. to trade on Nasdaq under the ticker 'ADEA', potentially unlocking shareholder value.

Negative

• None.

To commemorate the separation of Xperi Product and IP Licensing on October 1

SAN JOSE, Calif.--(BUSINESS WIRE)-- Xperi Holding Corporation (NASDAQ: XPER), an entertainment technology company that invents, develops, and delivers technologies that enable extraordinary experiences, today announced that on October 3, 2022, its newly separated product business, Xperi Inc., will ring the opening bell at the New York Stock Exchange (NYSE), to commemorate the completion of its spin-off as an independent publicly traded stand-alone entity. Later that same day, Adeia Inc., the newly renamed independent IP licensing business, will ring the closing bell at the Nasdaq MarketSite.

Jon Kirchner, chief executive officer of Xperi Inc., will ring the opening bell alongside Xperi Inc. executive leadership. October 3, 2022 will mark the first official day of trading for Xperi Inc. on the NYSE under the stock symbol “XPER”.

The NYSE Opening Bell will ring at 9:30 a.m. EDT. Interested parties may tune in to broadcast media coverage of the bell as well as a live stream on the NYSE's website at https://www.nyse.com/bell. Videos and photos during and following the ceremony will be shared on Xperi’s social media channels: Instagram, Twitter, LinkedIn.

Paul Davis, chief executive officer of Adeia Inc., will ring the closing bell alongside Adeia executive leadership. October 3, 2022 will mark the first official day of trading for Adeia Inc. on the Nasdaq under the new stock symbol “ADEA”.

The Nasdaq Closing Bell will ring at 4 p.m. EDT. Interested parties may tune in to broadcast media coverage of the bell as well as a live stream on the Nasdaq's website at: https://livestream.com/nasdaq. Videos and photos during and following the ceremony will be shared on Adeia’s social media channels: LinkedIn, Twitter.

The spin-off is anticipated to be completed on October 1, 2022.

About Xperi Holding Corporation

Xperi invents, develops, and delivers technologies that enable extraordinary experiences. Xperi technologies, delivered via its brands (Adeia, DTS, HD Radio, IMAX Enhanced, TiVo), and by its startup, Perceive, make entertainment more entertaining, and smart devices smarter. Xperi technologies are integrated into billions of consumer devices, media platforms, and semiconductors worldwide, driving increased value for partners, customers and consumers.

Xperi, Adeia, DTS, IMAX Enhanced, HD Radio, Perceive, TiVo and their respective logos are trademarks or registered trademarks of affiliated companies of Xperi Holding Corporation in the United States and other countries. All other company, brand and product names may be trademarks or registered trademarks of their respective companies.

About Adeia

Adeia invents, develops and licenses fundamental innovations that shape the way millions of people explore and experience entertainment in an increasingly connected world. From TVs to smartphones, and across all types of entertainment experiences, Adeia’s technologies allow users to manage content and connections in a way that is smart, immersive and personal. For more information, please visit adeia.com.

XPER - C

View source version on businesswire.com: https://www.businesswire.com/news/home/20220926005138/en/

Xperi Media:

Amy Brennan

Amy.brennan@xperi.com



Xperi Investors:

Jill Koval, Arbor Advisory Group

IR@xperi.com

Source: Xperi Holding Corp

FAQ

What is the significance of XPER ringing the opening bell on October 3, 2022?

XPER's opening bell ceremony on October 3, 2022, marks the first trading day of the newly spun-off Xperi Inc. as an independent entity on the NYSE.

When did Xperi Holding Corporation complete its spin-off?

The spin-off of Xperi Holding Corporation was completed on October 1, 2022.

What are the new stock symbols for Xperi Inc. and Adeia Inc.?

Xperi Inc. will trade under 'XPER' on the NYSE, while Adeia Inc. will trade under 'ADEA' on Nasdaq.

Who is the CEO of Xperi Inc.?

Jon Kirchner is the CEO of Xperi Inc.