Spin-offs/Kellanova (formerly Kellogg Company) → WK Kellogg Co

WK Kellogg CoKLG

Spin-off from Kellanova (formerly Kellogg Company) (K) · Acquired Sep 2025 · distributed Oct 2, 2023 · NYSE

Announced

Jun 21, 2022

Form 10 filed

Jul 24, 2023

Record date

Sep 21, 2023

Expected distribution

Oct 2, 2023

Ratio

1 : 4

Debt loaded

$500M

Cash to parent

—

Latest filing

Sep 11, 2023

one share of WK Kellogg Co for every four shares of Kellogg

Documents

Form 10 Information statement New company filings Parent filings Company site

Both companies today

The new company

WK Kellogg CoKLG

No longer trades as an independent company.

The parent

Kellanova (formerly Kellogg Company)K

Market cap

—

Moat

Pending

Quality

—

Price

$83.44

Fair value

—

Price / FV

—

Moat ratings, quality scores and fair value estimates are MoatScope research opinions and refresh with the data pipeline. Price / FV below 1.00× means the shares trade under our base-case estimate.

What is being separated

WK Kellogg Co is the North American ready-to-eat cereal business of Kellogg, manufacturing, marketing and distributing branded cereal in the United States, Canada and the Caribbean.

Stated rationaleKellogg said separating the cereal business would let the remaining company, renamed Kellanova, focus on global snacking while WK Kellogg pursues its own strategy for North American cereal.

The four questions

The four-question write-up for WK Kellogg Co is pending. Terms, documents and both companies’ numbers above are live; the checklist is added once the information statement has been worked through.

Not investment advice. Terms are as stated in the latest filing; spin-off shares are often thinly covered and volatile in their first months.