Snap One suspends trading of common stock following completion of merger with Resideo

CHARLOTTE, NC, 07 June 2024 (GLOBE NEWSWIRE) — Snap One Holdings Corp. (the “Company” or “Snap One”) (Nasdaq: SNPO) intends to begin trading its common stock, par value 0.01 USD per share (the “Common Shares”), of The Nasdaq stock exchange (“Nasdaq”) in connection with the completion of the acquisition of the Company by Resideo Technologies, Inc., a Delaware Corporation (“Resideo”), which will be effected by the merger (the “Merger”) of a wholly owned subsidiary of Resideo with the Company, with the Company surviving the Merger and becoming a wholly owned subsidiary of Resideo. The Merger is expected to close on June 14, 2024subject to the satisfaction of customary closing conditions.

The Company intends to file a Form 25 on or about June 14, 2024 with the Securities and Exchange Commission (the “SEC”), and the Company expects that trading in the common stock will resume after the close of trading on June 14, 2024The Company also intends to file a Form 15 with the SEC as soon as practicable after the Form 25 becomes effective to indefinitely suspend its reporting obligations under the Securities Exchange Act of 1934, as amended.

About Snap One

As a leading distributor of smart living technology snapshot enables its vast network of professional integrators to provide residential and commercial end users worldwide with entertainment, connectivity, control and security solutions. snapshot sells an extensive portfolio of proprietary and third-party products through its intuitive online portal and local store network, combining the benefits of e-commerce with the convenience of same-day pickup. In addition to products, the company offers software, award-winning support and digital workflow tools to help its integrator partners build successful and profitable businesses. Learn more about snapshot can be found at snapone.com.

Cautionary statements regarding forward-looking statements

Certain statements contained in this press release constitute forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, as amended, that reflect our current views with respect to, among other things, the expected completion of the Merger. You can identify these forward-looking statements by the use of words such as “outlook,” “indicator,” “believes,” “project,” “forecast,” “goals,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “projected,” “estimates,” “anticipates” or the negative of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated by these statements. We believe these factors include, among others, risks related to our business and industry, risks related to our products, risks related to our manufacturing and supply chain, risks related to our distribution channels, risks related to laws and regulations, risks related to cybersecurity and privacy, risks related to intellectual property, risks related to our international operations, risks related to our indebtedness, risks related to interest rate and exchange rate volatility, risks related to our financial statements, risks related to our common stock, and other risks described in the “Risk Factors” section of our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission. SECas these factors are discussed from time to time in our periodic filings with the SECwhich are available on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements contained in this press release and in our other periodic filings. The forward-looking statements speak only as of the date of this press release, and except as required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.

Media contacts

Danielle Karr

Director, Public Relations and Events

[email protected]