ADT Inc. announced that it has entered into a security purchase agreement for the issuance of 133,333,333 shares of common stock, par value $0.01 per share, at a price of $9 per share for aggregate purchase price of $1,200,000,000 on September 5, 2022. The transaction will include participation from new investor State Farm Fire and Casualty Company for approximately 15% stake. The company will issue the securities pursuant to the exemption under Section 4(a)(2) of the Securities Act.

All the shares issued in the transaction will subject to lock-up period.