Consensus Cloud Solutions, Inc. a leading provider of secure information delivery services, today announced that it has announced its announced spin-off as an independent, publicly traded company Ziff Davis, Inc. (“Ziff Davis”) (formerly known as J2 Global, Inc.) (Nasdaq: ZD) company.
Consensus common stock will begin trading regularly on the Nasdaq starting today under the ticker symbol “CCSI”. Ziff Davis common stock will begin trading regularly on the Nasdaq starting today under the ticker symbol “ZD”.
“I am very excited to join my colleagues at Consensus on our journey as an independent, publicly traded company,” said Scott Turicchi, CEO of Consensus. “The hard work of the Consensus team has put us in a leadership position as we provide secure data sharing solutions for the healthcare industry and promote interoperability between disparate systems and data protocols. I look forward to continuing our continued success and delivering long-term growth and quality to our shareholders as an independent company. ”
The spin-off was realized through a proportional distribution of 80.1% of the outstanding shares of Consensus to the shareholders of Ziff Davis on October 7, 2021. Through the special distribution, Ziff Davis stockholders received one common share of Consensus for three common shares of Ziff Davis outstanding at close of business on October 1, 2021, the date of the distribution. No fractional shares of Consensus were issued and shareholders received cash instead of fractional shares.
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