Snap One Holdings’ Merger and Management Changes

Snap One Holdings (SNPO) has shared an announcement.

On April 14, 2024, a merger agreement was finalized, whereby Snap One Holdings Corp. will become a wholly owned subsidiary of Resideo Technologies, Inc. through a merger with Resideo’s subsidiary, Pop Acquisition Inc. Snap One’s board has unanimously approved the merger, and a majority of stockholders have consented in writing. Stockholders of Snap One will receive $10.75 cash per share, while certain equity awards will be converted or cancelled as part of the transaction. This move, not contingent upon financing, aims to enhance operational capabilities and shareholder value, with the merger subject to customary conditions and regulatory approvals.

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