Enviri Corporation is moving forward with a major restructuring that combines the sale of its Clean Earth segment and a spin-off of its Harsco Environmental and Rail businesses into a new public company, Enviri II Corporation (“New Enviri”). Both the Clean Earth sale and the spin-off are expected to close before market open on June 1, 2026, subject to remaining conditions.
Existing Enviri stockholders are expected to receive a $15.00 per-share cash payout at closing, after debt repayment, transaction costs and other financial considerations, plus one share of New Enviri common stock for every three shares of Enviri (via CE Holdings) owned as of the effective date. “When issued” trading of New Enviri shares under ticker NVRI WI is expected to begin on May 27, 2026, with regular-way trading on the NYSE under the name “Enviri Corporation” and ticker NVRI beginning June 2, 2026.
Enviri II Corp filed an initial insider ownership report for Samuel C. FeniceVP & Corporate Controller. This Form 3 lists him as an officer and does not show any reported purchases, sales, or other transactions in the company’s securities.