ADI Global Distribution completes spin-off from Resideo, begins trading on NYSE under ADIG

ADI GLOBAL DISTRIBUTION INC.

Spin-off completed on Aug 3, 2026; Resideo shareholders received 1 ADI share for every 2 Resideo shares held.
ADI issued $400M 7.125% Senior Notes due 2034 and drew $600M term loan to fund $900M cash dividend to Resideo.
ADI issued 150,000 shares of Series A Convertible Preferred Stock to Resideo as partial consideration.
Board expanded from 2 to 8 directors; Robert Aarnes remains CEO; new directors include William Galvin, Cynthia Hostetler, others.
ADI reported $4.8B revenue in 2025, employs ~4,100, serves 100,000+ customers via ~200 global locations.

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