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Get filing alertsS&P Global completes spin-off of Mobility division as independent public company
Filed July 2, 2026 · Period ending June 30, 2026 · ~1 min read
Key Changes
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S&P Global distributed 100% of Mobility Global Inc. shares to stockholders on July 1, 2026, with shareholders receiving one share of MBGL for each SPGI share held as of June 15 record date. Mobility Global now trades independently on NYSE under ticker MBGL.
Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR → -
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Separation and Distribution Agreement establishes uncapped cross-indemnities: Mobility Global assumes all liabilities for the automotive analytics business, while S&P Global retains liabilities for its continuing operations.
Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR → -
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Tax Matters Agreement restricts Mobility Global from business combinations, stock issuances beyond employee plans, and redemptions exceeding 20% of shares for two years to preserve tax-free treatment. Mobility Global must indemnify S&P Global for any tax liabilities from violations.
Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR → -
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S&P Global will provide transitional IT, finance, and HR services to Mobility Global for up to 18 months at cost-based fees under Transition Services Agreement.
Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR → -
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Exhibit 99.1 view on EDGAR →
Summary
S&P Global has completed the separation of its automotive analytics and data business (S&P Global Mobility) into an independent public company, Mobility Global Inc. The spin-off became effective at 12:01 a.m. on July 1, 2026, with stockholders receiving one share of Mobility Global for each S&P Global share held as of the June 15 record date.
Mobility Global now trades on the NYSE under ticker MBGL, and S&P Global retains no ownership interest. The separation narrows S&P Global's focus to its core financial information and analytics businesses while allowing the automotive data unit to operate independently.
The transaction was structured as a tax-free spin-off, though Mobility Global faces restrictions for two years on major corporate actions to preserve that tax treatment. S&P Global will provide transitional services for up to 18 months while Mobility Global builds independent infrastructure. Recast historical financials excluding the Mobility business will be released July 6, giving investors a clearer view of S&P Global's continuing operations performance.
Section-by-Section Diff
Event · Item 1.01 — Entry into a Material Definitive Agreement
Item 1.01 — Entry into a Material Definitive Agreement filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On July 1, 2026 (the “Distribution Date”), at 12:01 a.m. New York City time, the previously-announced separation (the “Separation”) of Mobility Global Inc. (“Mobility Global”) from S&P Global Inc. (“S&P Global”) became effective. The separation of Mobility Global, which comprises the business of S&P Global and its subsidiaries with respect to providing analytics, marketing, planning solutions, reports, forecasts and vehicle history data for the automotive sector, which operated under the S&P Global Mobility division (the “Spin Business”), was achieved through S&P Global’s distribution (the “Distribution”) of 100% of the shares of Mobility Global common stock to holders of S&P Global common stock as of the close of business on the record date of June 15, 2026 (the “Record Date”) after certain restructuring transactions were completed (the “Restructuring Transactions”). S&P Global stockholders of record received one share of Mobility Global common stock for every share of S&P Global common stock. Following the Distribution, Mobility Global became an independent, publicly-traded company with its common stock listed under the symbol “MBGL” on the New York Stock Exchange, and S&P Global retains no ownership interest in Mobility Global.
S&P Global completed the separation of its automotive analytics and data business (S&P Global Mobility) into an independent public company called Mobility Global Inc. Stockholders received one share of Mobility Global for each S&P Global share held as of June 15, 2026. Mobility Global now trades under ticker MBGL on the NYSE, and S&P Global retains no ownership stake.
Show 2 minor / wording changes
Added in current filing · verify on EDGAR →
The Transition Services Agreement (“TSA”) sets forth the terms on which S&P Global provides to Mobility Global, on a transitional basis, certain services or functions that the companies historically have shared. The transition services include various services or functions, including information technology, finance and human resources, generally for a period of up to 18 months following the Distribution. Mobility Global is charged fees for the transition services that are based on S&P Global’s reasonably apportioned fully-loaded overhead, administrative and supervisory costs and expenses incurred in connection with the provision of the transition services to Mobility Global.
S&P Global will provide transitional IT, finance, and HR services to Mobility Global for up to 18 months at cost-based fees. This arrangement allows Mobility Global time to establish independent operational infrastructure while ensuring business continuity during the separation period.
Added in current filing · verify on EDGAR →
The Employee Matters Agreement governs each of S&P Global’s and Mobility Global’s respective compensation and benefit obligations with respect to current and former employees, directors and consultants. The Employee Matters Agreement sets forth general principles relating to employee matters in connection with the Separation, such as the assignment of employees, the assumption and retention of liabilities and related assets, expense reimbursements, workers’ compensation, leaves of absence, the provision of comparable benefits, employee service credit, the sharing of employee information and duplication or acceleration of benefits.
The Employee Matters Agreement allocates employee-related obligations between the two companies, covering assignment of employees, benefit liabilities, service credit recognition, and workers' compensation. This framework ensures employees transitioning to Mobility Global maintain comparable benefits and protects both companies from duplicate obligations.
Event · Item 2.01 — Completion of Acquisition or Disposition of Assets
Item 2.01 — Completion of Acquisition or Disposition of Assets filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On the Distribution Date, S&P Global completed the previously-announced separation of Mobility Global. Effective as of 12:01 a.m. New York City time on the Distribution Date, the common stock of Mobility Global was distributed, on a pro rata basis, to S&P Global’s stockholders of record as of the close of business on the Record Date. On the Distribution Date, each of the stockholders of S&P Global received one share of Mobility Global common stock for every share of S&P Global’s common stock held by such stockholder on the Record Date.
S&P Global completed the separation of Mobility Global on June 30, 2026. Shareholders received one share of Mobility Global common stock for each share of S&P Global common stock they held as of the record date. This is a tax-free spin-off that creates two independent publicly-traded companies.
Event · Item 8.01 — Other Events
S&P Global announced completion of a separation transaction on July 1, 2026.
Added in current filing · verify on EDGAR →
On July 1, 2026 S&P Global issued a press release announcing the completion of the Separation.
S&P Global disclosed that a separation transaction has been completed as of July 1, 2026. The 8-K does not provide details about what entity or business was separated, the structure of the transaction, or the financial terms. The press release referenced in Exhibit 99.1 would contain additional information, but that exhibit text is not included in this filing body.
Event · Exhibit 99.1
S&P Global completed the spin-off of its Mobility division as an independent public company, Mobility Global Inc., effective July 1, 2026.
Added in current filing · view on EDGAR →
S&P Global Inc. (NYSE: SPGI) announced today that it has completed the separation of its Mobility division into an independent, public company, Mobility Global Inc. (“Mobility Global”). Mobility Global common stock will begin regular-way trading today on the New York Stock Exchange under the ticker symbol “MBGL”.
S&P Global has completed the separation of its Mobility division into a standalone public company called Mobility Global Inc. The new company began trading on the NYSE under ticker MBGL on July 1, 2026. This represents a major corporate restructuring that narrows S&P Global's business focus.
Added in current filing · view on EDGAR →
The separation was achieved through the distribution of 100 percent of the shares of Mobility Global to holders of S&P Global common stock effective as of 12:01 a.m. New York City time on July 1, 2026, with S&P Global stockholders receiving one share of Mobility Global common stock for every share of S&P Global common stock held at the close of business on June 15, 2026, the record date.
Existing S&P Global shareholders received one share of Mobility Global for each S&P Global share they held as of the June 15, 2026 record date. The distribution was completed at 12:01 a.m. on July 1, 2026. Fractional shares were sold in the open market with cash proceeds distributed to shareholders.
Added in current filing · view on EDGAR →
the ability of the separation of Mobility Global to qualify for tax-free treatment for U.S. federal income tax purposes
The company identifies as a forward-looking risk whether the Mobility Global separation will qualify for tax-free treatment under U.S. federal income tax rules. If the transaction fails to qualify, shareholders could face unexpected tax liabilities on the distribution.
Added in current filing · view on EDGAR →
any loss of synergies from separating the businesses of Mobility Global and the Company that adversely impact the results of operations of both businesses, or the companies resulting from the separation of Mobility Global not realizing all of the expected benefits of the separation
The company warns that separating Mobility Global may result in lost operational synergies that could hurt both companies' performance, and that the expected benefits of the separation may not materialize. This is a standard risk disclosure for spin-off transactions.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 3, 2026 · How we verify