- 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, in connection with the Spin-Off.
To execute the Spin-Off, Resideo will distribute all of the issued and outstanding shares of ADI Global Distribution Inc. ("ADI") common stock pro rata to Resideo common shareholders of record on the Record Date. The distribution will occur at 5:00 p.m., eastern time, on August 3, 2026 (the "Distribution Date"), on the basis of a distribution ratio of one share of ADI common stock for every two shares of Resideo common stock held as of the close of business on the Record Date.
Following the distribution, ADI common stock is expected to begin trading on the New York Stock Exchange ("NYSE") on August 4, 2026, under the ticker symbol "ADIG." Resideo will continue to trade on the NYSE under the ticker symbol "REZI."