Record S&P Global’s 2026 Mobility Global spin-off in Navexa using the Demerger corporate action, so the SPGI and MBGL holdings receive the intended share quantities and cost-base allocation.
Spin-Off Details
On 1 July 2026, S&P Global Inc. separated its Mobility business into independently listed Mobility Global Inc.
Eligible S&P Global shareholders received one MBGL share for every SPGI share entitled to the distribution.
Detail | Value |
Original holding | S&P Global Inc. (SPGI:NYSE) |
New holding | Mobility Global Inc. (MBGL:NYSE) |
Implementation date | 1 July 2026 |
Share entitlement | 1 MBGL share for every 1 SPGI share |
SPGI cost-base percentage | 95.16% |
MBGL cost-base percentage | 4.84% |
In the example below, the portfolio holds 8 SPGI shares and receives 8 MBGL shares.
Open The Demerger Tool
Open the S&P Global holding to start the demerger.
Select Portfolio from the left-hand menu.
Open your S&P Global Inc. (SPGI:NYSE) holding.
Select Actions in the top-right corner.
Select Add Merger.
Choose Demerger.
A demerger is the appropriate corporate action because SPGI continued trading while shareholders received shares in the newly separated Mobility Global business.
Select Mobility Global
Select Mobility Global as the new company created by the demerger.
Enter
MBGL.
Select Mobility Global Inc. (MBGL:NYSE).
Select Next.
Enter The Spin-Off Details
Enter the S&P Global spin-off details shown on the demerger form.
For an example holding of 8 SPGI shares, use:
Implementation Date:
01/07/2026How many MBGL shares did you receive?
8
Alternatively, enter 1 in Scrip per SPGI Share. Because the distribution was 1-for-1, 8 SPGI shares resulted in 8 MBGL shares.
For Market Price for SPGI, S&P Global’s Form 8937 uses a 1 July 2026 NYSE volume-weighted average price of 414.44. If Navexa has already populated the market price, check the figure before continuing.
Enter The Cost-Base Split
Split the existing SPGI cost base, meaning the amount allocated to the investment for tax calculations, between SPGI and MBGL.
SPGI percentage:
95.16MBGL percentage:
4.84
The two percentages must total 100%.
S&P Global’s Form 8937 illustrates this allocation using the relative market values of SPGI and Mobility Global immediately after the distribution.
Note: The 95.16% / 4.84% allocation is provided for U.S. federal income-tax purposes. If your broker, tax adviser or applicable tax rules require a different allocation for your circumstances or jurisdiction, use those figures instead.
Confirm The Demerger
Check the date, share quantity, market price and cost-base percentages carefully, then select Confirm.
Navexa will then:
Keep your existing SPGI holding in the portfolio.
Allocate 95.16% of the relevant original cost base to SPGI.
Create the MBGL holding.
Add the MBGL shares received through the demerger.
Allocate 4.84% of the relevant original SPGI cost base to MBGL.
In this example, the portfolio continues to hold 8 SPGI shares and also contains 8 MBGL shares.
Do not enter the demerger more than once, as this can create duplicate adjustments.
For the general workflow, see Record a Merger, Acquisition or Demerger in Navexa.
Remember, this is general information, not personal financial advice.