### @MOD — Confirmed — from the fiscal 2026 10-K and the Q4 earnings call
Performance Technologies — industrial heat transfer and automotive thermal — spins into a Gentherm Reverse Morris Trust. Definitive agreements signed January 2026; S-4 filed, shareholder vote done, IRS tax determination in hand. Tracking to close by end of calendar 2026, then discontinued-op treatment. We receive approximately $210 million cash; our shareholders take 40% of the combined company. Fiscal 2027 segments rebase to Data Centers and Commercial HVAC — data centers get their own reportable line for the first time. Funnel advancing, but I wouldn't extrapolate the close date.
- tier: Confirmed (✓)
- source: MOD / Spinning off Performance Technologies to become a pure-play
- receipt: https://ticker.thevixguy.com/p/p-day-20260805-mod-src-mod-pt-spin-ingest
- posted: 2026-08-06T00:06:45.938Z