PCT Ltd (PCTL)

[Skydive21]

From Investopedia:
Are Spinoffs Good for Investors?
Historically, spinoffs have been good for investors. On average, both the parent company and the subsidiary outperform the market during the 24-month period following a spin off. Investors who have been able to withstand the unpredictability of the initial days and weeks may see nice gains. New investors looking to take advantage of a spinoff's benefits can choose to invest in the parent, the subsidiary, or both.

Aggressive investors with a high tolerance for risk are often drawn to the subsidiary. As a smaller company, the subsidiary has more potential for growth. Its now singular focus on its own core operations can lead to profitability and a higher stock price. Its wide open future can attract investors, boosting share price.