UiPath Set to Join S&P MidCap 400 and Versant Media Group to Join S&P SmallCap 600

Rhea-AI Summary

Index changes announced (effective Jan 2026): UiPath (PATH) will be added to the S&P MidCap 400 on January 2, 2026, replacing Synovus Financial (SNV). Versant Media Group (VSNT) will be added to the S&P SmallCap 600 on January 6, 2026, replacing Brandywine Realty Trust (BDN). Comcast is spinning off Versant on January 5 and will remain in the S&P 500.

Positive

• UiPath (PATH) added to S&P MidCap 400 effective January 2, 2026
• Versant Media Group (VSNT) added to S&P SmallCap 600 effective January 6, 2026

Negative

• Brandywine Realty Trust (BDN) removed from S&P SmallCap 600 effective January 6, 2026
• Synovus Financial (SNV) removed from S&P MidCap 400 effective January 2, 2026 due to acquisition

News Market Reaction – SNV

+0.09%

+0.09% Session close to close

In the Dec 24 session, SNV gained 0.09%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details Synovus’s removal from the S&P MidCap 400, tied to its acquisition by Pinn...

Analysis

This announcement details Synovus’s removal from the S&P MidCap 400, tied to its acquisition by Pinnacle Financial Partners, and corresponding additions and deletions across the S&P MidCap 400 and S&P SmallCap 600. It follows earlier milestones such as regulatory approvals and merger governance updates. Investors may focus on how index removal, the final merger closing steps, and subsequent SEC deregistration filings reshape Synovus’s standalone profile and shift exposure into the combined Pinnacle entity.

Key Figures

Effective date SNV removal: January 2, 2026 Effective date BDN removal: January 6, 2026 UiPath index: S&P MidCap 400 +3 more

6 metrics

Effective date SNV removal January 2, 2026 Date Synovus exits S&P MidCap 400

Effective date BDN removal January 6, 2026 Date Brandywine exits S&P SmallCap 600

UiPath index S&P MidCap 400 Index UiPath joins on January 2, 2026

Versant index S&P SmallCap 600 Index Versant joins on January 6, 2026

Comcast index S&P 500 Comcast remains in S&P 500 after Versant spin-off

First index year 1884 Year Charles Dow created the first index

Historical Context

5 past events · Latest: Dec 16 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Dec 16	Earnings timing update	Neutral	+0.4%	Announced joint Q4 2025 earnings release and webcast timing post-merger.
Dec 04	Dividend declaration	Positive	+0.6%	Declared common and preferred dividends, reinforcing ongoing capital return.
Dec 01	Merger governance update	Positive	-0.7%	Named combined company’s board and confirmed merger timeline into early 2026.
Nov 25	Regulatory approval	Positive	-0.9%	Received Federal Reserve approval and set expectations for Jan 1, 2026 close.
Nov 25	Community donation	Positive	+3.5%	Donated funds to Feeding America, supporting food security across five states.

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

Pattern Detected

Recent merger-related announcements have produced mixed reactions, with some positive news (regulatory approvals and governance for the Pinnacle–Synovus combination) coinciding with negative price moves, while dividends and community initiatives saw modest gains.

Recent Company History

Over the last few months, Synovus has been progressing through its merger with Pinnacle Financial Partners. Federal approvals and board composition for the combined firm were detailed in late November 2025, followed by a joint earnings timing update in December 2025. Synovus also maintained capital returns via a $0.39 common dividend and highlighted community support with a $50,000 donation. Today’s index deletion ties into that same merger timeline, as Synovus prepares to be absorbed into the combined entity.

Key Terms

s&p midcap 400, s&p smallcap 600, s&p 500, spin-off, +2 more

6 terms

s&p midcap 400 financial

"UiPath Inc. (NYSE: PATH) will replace Synovus Financial Corp. (NYSE: SNV) in the S&P MidCap 400"

The S&P MidCap 400 is a group of 400 companies that are smaller than the big, well-known corporations but larger than tiny startups. It helps investors see how medium-sized companies are performing in the stock market, acting like a barometer for this middle-sized group of businesses.

s&p smallcap 600 financial

"Versant Media Group Inc. (NASD: VSNT) will replace Brandywine Realty Trust (NYSE: BDN) in the S&P SmallCap 600"

A stock market index made up of 600 small-cap U.S. companies chosen to represent the performance of smaller publicly traded firms. It matters to investors because it acts like a temperature gauge for the small-company segment of the market, serving as a benchmark for fund managers, a basis for index funds and ETFs, and a way to compare returns and risk when building a diversified portfolio.

s&p 500 financial

"S&P 500 constituent Comcast Corp. (NASD: CMCSA) is spinning off Versant Media Group"

The S&P 500 is a broad stock market index that tracks the performance of 500 large U.S. companies, weighted so bigger firms have a larger impact. Investors use it like a thermometer or benchmark to judge how the overall U.S. stock market or a portfolio is doing; movements in the index influence investor sentiment, fund performance, and many passive investment products that aim to match its returns.

View in glossary

spin-off financial

"Comcast Corp. (NASD: CMCSA) is spinning off Versant Media Group in a transaction"

A spin-off happens when a company creates a new, independent business by separating part of itself, like splitting off a division into its own company. This often happens so the new company can focus better on its own goals or attract different investors. It matters because it can lead to more growth opportunities and clearer focus for both companies.

View in glossary

index-based financial

"largest global resource for essential index-based concepts, data and research"

Something described as "index-based" is tied to a market index — a broad list of stocks or bonds that represents a segment of the market — so its performance follows that index’s movements. For investors this matters because index-based funds or contracts offer an easy, low-cost way to get the same mix and risk exposure as the index, like buying a pre-mixed basket instead of choosing each ingredient, though returns can differ slightly due to fees or tracking differences.

dow jones industrial average financial

"such as the S&P 500® and the Dow Jones Industrial Average®"

A stock market index that tracks the share prices of a small group of large, well-known companies to give a quick snapshot of how the broader market is doing. Think of it like a thermometer for the stock market: it uses a handful of heavyweight firms as representative samples to show whether investor sentiment is rising or falling, which helps investors gauge market trends and compare performance over time.

View in glossary

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

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NEW YORK, Dec. 23, 2025 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400, S&P SmallCap 600: 

• UiPath Inc. (NYSE: PATH) will replace Synovus Financial Corp. (NYSE: SNV) in the S&P MidCap 400 effective prior to the opening of trading on Friday, January 2. S&P MidCap 400 constituent Pinnacle Financial Partners Inc. (NASD: PNFP) is acquiring Synovus Financial Corp in a deal expected to be completed soon, pending final closing conditions.
• Versant Media Group Inc. (NASD: VSNT) will replace Brandywine Realty Trust (NYSE: BDN) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, January 6. S&P 500 constituent Comcast Corp. (NASD: CMCSA) is spinning off Versant Media Group in a transaction expected to be completed January 5. Comcast will remain in the S&P 500 following completion of the spin-off.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date	Index Name	Action		Company Name	Ticker	GICS Sector
January 2, 2026	S&P MidCap 400		Addition	UiPath	PATH	Information Technology
January 2, 2026	S&P MidCap 400		Deletion	Synovus Financial	SNV	Financials
January 6, 2026	S&P SmallCap 600		Addition	Versant Media Group	VSNT	Communication Services
January 6, 2026	S&P SmallCap 600		Deletion	Brandywine Realty Trust	BDN	Real Estate

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/.

FOR MORE INFORMATION:

S&P Dow Jones Indices
index_services@spglobal.com

Media Inquiries
spdji.comms@spglobal.com

View original content:https://www.prnewswire.com/news-releases/uipath-set-to-join-sp-midcap-400-and-versant-media-group-to-join-sp-smallcap-600-302649007.html

SOURCE S&P Dow Jones Indices

FAQ

When will UiPath (PATH) join the S&P MidCap 400 and what is the effective date?

UiPath (PATH) will join the S&P MidCap 400 effective prior to the open on January 2, 2026. According to S&P Dow Jones Indices, PATH replaces Synovus Financial (SNV) in the MidCap 400 ahead of trading that day.

Why is Brandywine Realty Trust (BDN) being removed from the S&P SmallCap 600 on January 6, 2026?

Brandywine Realty Trust (BDN) is being removed from the S&P SmallCap 600 effective January 6, 2026. According to S&P Dow Jones Indices, BDN will be replaced by Versant Media Group (VSNT) on that effective date.

What is the timeline and rationale for Versant Media Group (VSNT) joining the S&P SmallCap 600?

Versant Media Group (VSNT) joins the S&P SmallCap 600 effective prior to the open on January 6, 2026. According to S&P Dow Jones Indices, the addition follows Comcast's planned spin-off of Versant on January 5.

Does Comcast remain in the S&P 500 after the Versant Media Group spin-off on January 5, 2026?

Yes, Comcast will remain in the S&P 500 after the Versant spin-off expected on January 5, 2026. According to S&P Dow Jones Indices, Comcast's S&P 500 membership is unchanged by the transaction.

How does the Synovus Financial (SNV) removal from the S&P MidCap 400 relate to Pinnacle Financial Partners?

Synovus Financial (SNV) is being removed from the S&P MidCap 400 effective January 2, 2026, due to an acquisition by Pinnacle Financial Partners. According to S&P Dow Jones Indices, the deal is expected to be completed pending final closing conditions.