Vistance Networks, Inc. 8K

Vistance Networks sold its RUCKUS Networks business to Belden for $1.846 billion in cash and provided pro forma financials reflecting the divestiture as discontinued operations and related separation impacts, with an expected but not yet recorded special cash distribution to shareholders.

Vistance Networks, Inc. completed the $1.846 billion cash sale of its RUCKUS Networks wireless networking business to Belden Inc. on July 1, 2026, and filed unaudited pro forma condensed consolidated financial statements under Article 11 of Regulation S-X to show its historical results and balance sheet as if the divestiture and related separation adjustments had occurred earlier, with Ruckus presented as discontinued operations. The pro formas reflect removal of Ruckus’ historical revenues and expenses, recognition of the cash proceeds net of investment banker and transaction costs, estimated taxes payable on the gain, one-time bonus and advisory fees, and expected transition service agreement income, while noting that the sale is a strategic shift meeting ASC 205-20 discontinued operations criteria and that the company expects to distribute a significant portion of net proceeds to shareholders as a special distribution within 60 days of closing (though no distribution is recorded in the pro formas).

Filing Facts

CIK

1517228

Ticker

-

Form

8K

Source Type

sec

Accession

0001193125-26-298682

Alert Tier

8