Resideo Board Approves ADI Spin-Off, Sets Aug. 3 Distribution Under Ticker 'ADIG'; Shareholders Of Record Expected To Receive One Share Of A

Record date set for July 20, 2026 Distribution expected to occur on August 3, 2026, with common shareholders of record expected to receive one share of ADI common stock for every two shares of Resideo common stock owned ADI expected to begin trading on NYSE on August 4, 2026, under the ticker symbol "ADIG" ADI completes $400 million senior notes offering and enters into a credit agreement with respect to a $600 million term loan facility and a $500 million revolving facility in connection with the planned spin-off SCOTTSDALE, Ariz., July 1, 2026 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE: REZI ) ("Resideo") today announced that its Board of Directors (the "Board") has formally approved the planned spin-off (the "Spin-Off") of its ADI Global Distribution business. The Board also has set a record date of July 20, 2026 (the "Record Date") and a distribution date of August 3, 2026,...