Corteva, Inc. (NYSE: CTVA) said its planned separation into two independent, publicly traded companies is expected to proceed on October 1, 2026, after a court ruling cleared the way for the transaction.

The U.S. Court of Appeals for the Fourth Circuit on September 30, 2026, reversed a district court order that had denied the State of California leave to file a motion for a temporary restraining order and preliminary injunction. California had sought to delay Corteva's separation of its seed operating segment into a new independent company, Vylor Inc.

The appeals court remanded the matter to the district court for further consideration but expressed no view on the merits of California's motion. It also denied California's request for an injunction pending appeal as moot. On remand, the district court denied California's motion to block the separation.

The distribution is expected to be completed before 9:30 a.m. New York City time on October 1, 2026.