GMR Solutions completes 31.9M share IPO at $14.25 net; repays $670M debt and redeems $299.5M preferred

GMR Solutions Inc.

IPO of 31,914,893 shares of Class A common at $14.25 net per share (after underwriting discounts).
Net proceeds used to redeem $299.5M of Series B Preferred Stock and repay ~$670M of 2032 First Lien Term Loan.
Appointed Jan Stern Reed and Timothy Wicks as independent directors; each granted 12,334 RSUs.
Executives granted options (strike $15) and RSUs: CEO Loporcaro 1.36M options & 600K RSUs, CFO Tierney 271K options & 120K RSUs.
Private placement: $500M of warrants (33.3M at $15 each) sold to KKR, Ares, and HPS affiliates; exercises at $0.01.

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Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Jan Stern Reed

Director

GMRS · GMR Solutions Inc.

Effective: 2026-05-12
Filed: May 18, 2026 10:15 UTC

Effective May 12, 2026, each of Jan Stern Reed and Timothy Wicks were appointed to the Board of Directors of the Company

Appointed

Timothy Wicks

Director

GMRS · GMR Solutions Inc.

Effective: 2026-05-12
Filed: May 18, 2026 10:15 UTC

Effective May 12, 2026, each of Jan Stern Reed and Timothy Wicks were appointed to the Board of Directors of the Company

Source: SEC EDGAR

accession 0001104659-26-062932

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