What is that split worth if the shareholders of the original company hold the IP and other resources, like hard capital equipment/factories? It might just make

What is that split worth if the shareholders of the original company hold the IP and other resources, like hard capital equipment/factories? It might just make companies under DAO hold more capital assets, no cash, and lots of debt... for that matter if you split off, do the new share holders take a slice of the debt too? Do they have rights to use or sell licences to IP of the original company?