Spruce Point Capital Management Announces Investment Opinion: Releases Report and Strong Sell Research Opinion on Resideo Technologies, Inc. (NYSE: REZI)

NEW YORK--(BUSINESS WIRE)--Spruce Point Capital Management, LLC (“Spruce Point” or “we” or “us”), a New York-based investment management firm that focuses on forensic research and short-selling, today issued a detailed report entitled “Red Alert, Where There’s Smoke, There’s Fire” that outlines why we believe and estimate that shares of Resideo Technologies, Inc. (NYSE: REZI) (“REZI” or the “Company”) face up to 25% – 50% potential long-term downside to approximately $17.64 – $26.45 per share,