RE:RE:RE:RE:Opinion on todays news release fsd Pharma spinoff It's not a spin off it's a split off theres a difference. It's in my opinion that FSD will be using this tactic as a way to improve its waning balance sheet. Parent companies in this case FSD being the parent company to pubco or whatever it will be called often offer incentivise in the form of premiums to aquire the newly formed company's stock.