ADT Finalizes Secondary Offering Terms, Repurchases $211M in Shares as Apollo Exits

summarizeSummary

ADT Inc. finalized a secondary offering where Apollo Funds sold their entire 102 million shares at a premium, while ADT concurrently repurchased 29.1 million shares to reduce outstanding stock.

check_boxKey Events

• Apollo Funds Complete Exit

  Apollo Funds are selling their entire 102,000,366 shares of common stock, marking their complete divestment from ADT Inc.

• Offering Priced at Premium

  The shares are being sold at $7.25 per share, which is above the current market price of $7.0969, indicating strong institutional demand.

• Concurrent Share Repurchase

  ADT Inc. will concurrently repurchase up to 29,142,961 shares from the underwriters for approximately $211.3 million, reducing the total outstanding shares.

• Finalizes Prior Announcement

  This filing finalizes the terms and pricing of the secondary offering and concurrent repurchase that was previously announced on May 4, 2026.

auto_awesomeAnalysis

This filing finalizes the terms of the secondary public offering announced on May 4, 2026, where Apollo Funds are selling their entire 102 million share stake in ADT Inc. The offering is priced at $7.25 per share, which is a premium to the current market price of $7.0969. Concurrently, ADT Inc. is repurchasing approximately 29.1 million shares for $211.3 million, demonstrating management's confidence and mitigating the impact of the large block sale. Apollo's complete exit marks a significant change in the company's ownership structure, while the company's repurchase strategy aims to manage the transition and reduce outstanding shares.