HONEYWELL ANNOUNCES QUANTINUUM'S CONFIDENTIAL SUBMISSION OF DRAFT REGISTRATION STATEMENT FOR PROPOSED INITIAL PUBLIC OFFERING

Rhea-AI Summary

Honeywell (Nasdaq: HON) announced that Quantinuum, majority owned by Honeywell, confidentially submitted a draft Form S-1 to the SEC on February 17, 2026 for a proposed initial public offering.

The number of shares and price range have not been determined; the offering is subject to market conditions and completion of the SEC review. The announcement is made under Rule 135 and does not constitute an offer to sell or solicit purchases of securities.

Positive

• Quantinuum submitted a confidential draft Form S-1 on February 17, 2026
• Quantinuum is majority owned by Honeywell, allowing strategic IPO control

Negative

• Number of shares and price range undetermined, creating near-term valuation uncertainty
• Offering subject to SEC review and market conditions, so timing and outcome are uncertain

News Market Reaction – HON

-1.01%

15 alerts

-1.01% Session close to close

-4.9% Trough in 18 min

$139.38B Market Cap

10.44K Volume

In the Apr 22 session, HON declined 1.01%, reflecting a mild negative market reaction. Argus tracked a trough of -4.9% from its starting point during tracking. Our momentum scanner triggered 15 alerts that day, indicating notable trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details Quantinuum’s confidential Form S-1 submission to the SEC on February 17, 2...

Analysis

This announcement details Quantinuum’s confidential Form S-1 submission to the SEC on February 17, 2026, moving its proposed IPO beyond the planning phase outlined in the January 14, 2026 update. The number of shares and price range remain undetermined, and the deal depends on market conditions and SEC review. Investors following Honeywell may watch for future filings, updated IPO terms, and how this step integrates with ongoing portfolio reshaping and planned separations.

Key Figures

Form type: Form S-1 Securities Act year: 1933

2 metrics

Form type Form S-1 Draft registration statement confidentially submitted to the SEC on Feb 17, 2026

Securities Act year 1933 Referenced as the Securities Act of 1933 for Rule 135 compliance

Previous IPO,offering Reports

1 past event · Latest: Jan 14 (Positive)

Same Type Pattern 1 events

Date	Event	Sentiment	24h Move	Catalyst
Jan 14	IPO process update	Positive	+1.3%	Announced plan for confidential Form S-1 submission for Quantinuum IPO.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Limited same-tag history: the prior Quantinuum IPO-related announcement saw a modest positive move of about 1.31% the next day.

Recent Company History

This announcement advances Honeywell’s Quantinuum IPO process from planning to a confidential Form S-1 submission dated February 17, 2026. A prior IPO-related update on January 14, 2026 about planning a confidential submission was followed by a 1.31% gain, suggesting investors previously viewed the IPO path constructively. More broadly, recent months featured portfolio reshaping, including an announced PSS divestiture and preparation for an Aerospace spin-off in Q3 2026, framing Quantinuum’s IPO within an ongoing portfolio repositioning.

Key Terms

form s-1, u.s. securities and exchange commission, initial public offering

3 terms

form s-1 regulatory

"confidentially submitted a draft registration statement on Form S-1 to the U.S."

A Form S-1 is the registration filing a company submits to the U.S. Securities and Exchange Commission when it plans to offer stock to the public, most commonly for an initial public offering. Think of it as the company’s full disclosure packet or blueprint: it contains audited financials, business description, management background, risk factors and details of the offering, giving investors the information needed to judge the company’s financial health and potential risks before buying shares.

u.s. securities and exchange commission regulatory

"draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission"

The U.S. Securities and Exchange Commission is a government agency responsible for overseeing the stock market and protecting investors. It sets rules to ensure that companies share truthful information and that trading is fair, helping to maintain trust in the financial system. This oversight is important because it helps prevent fraud and ensures that investors can make informed decisions.

initial public offering financial

"relating to the proposed initial public offering of Quantinuum's common stock."

An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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CHARLOTTE, N.C., April 22, 2026 /PRNewswire/ -- Honeywell (Nasdaq: HON) today announced that Quantinuum LLC ("Quantinuum" or the "Company"), which is majority owned by Honeywell, confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (the "SEC") on February 17, 2026, relating to the proposed initial public offering of Quantinuum's common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The offering is subject to market and other conditions and the completion of the SEC's review process.

This press release is being made pursuant to, and in accordance with, Rule 135 under the Securities Act of 1933, as amended (the "Securities Act"), and shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities. Any offers, solicitations or offers to buy, or any sales of securities, will be made in accordance with the registration requirements of the Securities Act.

About Honeywell 
Honeywell is an integrated operating company serving a broad range of industries and geographies around the world, with a portfolio that is underpinned by our Honeywell Accelerator operating system and Honeywell Forge platform. As a trusted partner, we help organizations solve the world's toughest, most complex challenges, providing actionable solutions and innovations for aerospace, building automation, industrial automation, process automation, and process technology that help make the world smarter and safer as well as more secure and sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.

Contacts:
Media	Investor Relations
Stacey Jones	Mark Macaluso
(980) 378-6258	(704) 627-6118
Stacey.Jones@honeywell.com	Mark.Macaluso@honeywell.com

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SOURCE Honeywell

FAQ

What did Honeywell (HON) announce about Quantinuum on April 22, 2026?

Honeywell said Quantinuum confidentially filed a draft Form S-1 with the SEC on February 17, 2026. According to the company, the filing relates to a proposed IPO but the share count and price range are not yet set.

Is the Quantinuum IPO by Honeywell (HON) finalized and priced?

No, the Quantinuum IPO is not finalized or priced. According to the company, the number of shares and price range remain to be determined and depend on market and SEC review conditions.

What does 'confidential submission' of a draft S-1 mean for Honeywell investors (HON)?

A confidential draft S-1 means the company has privately submitted documents to the SEC for review. According to the company, it allows planning for a public offering while details remain confidential until SEC review progresses.

Will Honeywell (HON) sell shares directly in the Quantinuum IPO?

The announcement does not state whether Honeywell will sell shares in the IPO. According to the company, the offering's structure, share count, and pricing have not yet been determined.

What are the next steps and risks for the Quantinuum IPO mentioned by Honeywell (HON)?

Next steps include completing the SEC review and setting offering terms. According to the company, the offering is subject to market conditions and the SEC review, which could delay or change the proposed IPO.