Spin Details

研报英文原文证据摘录

Spin Details

Specialist Sales

JPM Risk Arb Trading Desk J P M O R G A N

07 July 2026

Link to Form 10: here

Spin-off Trading Details:

• Terms: One share of ADI common stock for every two shares of Resideo common stock held

• Record Date: July 20, 2026

• When-issued trading begins: on or about July 29, 2026 and ending at the close of business on August 3, 2026

• Regular way trading date:August 4, 2026

• Spin ticker: ADIG on the NYSE

Description: ADI is a global specialty distributor of professionally installed low‑voltage products serving commercial and

residential markets through an omnichannel go‑to‑market platform. It is the market-leading distributor in North America across

key categories including security, fire/life safety, and audio‑visual, offering a broad portfolio of more than 500,000 products

sourced from over 1,000 suppliers and supported by a large network of store locations and distribution infrastructure. ADI

primarily sells to professional installers, dealers, and integrators serving over 100,000 customers worldwide, with an estimated

two‑thirds of product sales installed in commercial end markets and the remainder in residential settings; demand is influenced by

building activity, retrofit/upgrade cycles, regulatory standards, and increasing adoption of connected technologies. The company

differentiates itself through its scale and proximity to customers, a digital experience designed to deepen engagement, and a

growing suite of exclusive brands and software-based services that help installers and integrators run their businesses and improve

end-user outcomes. In 2025 and 2024, ADI generated revenues of $4.8 billion and $4.2 billion, net loss of $261 million and $18

million and Adjusted EBITDA of $318 million and $286 million, respectively.