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When did Adeia Inc. become an independent publicly traded IP licensing company?
On October 1, 2022, Xperi Holding Corp completed the separation of its product business. On that day, we were renamed Adeia Inc. and we now trade under the Nasdaq ticker symbol ADEA. Following the separation, our company consists of our IP licensing business.
Why did Xperi Holding Corp separate its businesses?
The Xperi Holding Corporation Board of Directors believed that separating the product business from the IP licensing business (the “Separation”) would provide both companies with a number of potential opportunities and benefits, such as:
(1) enabling the respective management teams to adopt strategies and pursue objectives specific to their businesses.
(2) improving operational and strategic flexibility, particularly in dealing with suppliers and customers.
(3) eliminating competing priorities for capital allocation between the product and IP licensing businesses.
(4) simplifying how investors evaluate each business, streamlining the investment profiles of both businesses.
(5) improving access to talent by allowing each company to capitalize on their distinct cultures and recruitment strategies.
Who is Adeia Inc.’s transfer agent?
Adeia Inc.’s transfer agent:
Computershare Trust Company, Inc.
462 South 4th Street, Suite 1600 Louisville, KY 40202
(800) 962-4284
(781) 575-3120
Who are Adeia Inc.’s auditors?
PricewaterhouseCoopers, LLP
When is Adeia Inc.’s fiscal year end?
Adeia's fiscal year-end is December 31.
Where is Adeia’s headquarters?
The company's corporate office is located at: Adeia Inc. 3025 Orchard Parkway San Jose, CA 95134
