other material
confidence high
sentiment neutral
materiality 0.50
Perimeter Solutions issues ~5.95M shares, $53.5M cash to EverArc Founders as 2021 advisory fees
Perimeter Solutions, Inc.
- Variable fee for 2021: 7,525,906 shares (value $102.5M) triggered by avg price $13.6254.
- Fixed fee for 2021: 2,357,061 shares (value $32.1M) per Advisory Services Agreement.
- EverArc Founder Entity elected 60% shares (5,952,992) and 40% cash ($53,547,483).
- Advisory Shares issued Feb 15, 2022; post-issuance shares outstanding: 163,232,667.
- EverArc Founders serve as directors; advisory amounts paid under pre-existing agreement.