secwatch.observer — SEC 8-K summary
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Issuer:     Ridgepost Capital, Inc. (RPC)
CIK:        0001841968
Form:       8-K
Filed at:   2022-08-26T23:59:59+00:00
Accession:  0001193125-22-230601
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

P10 acquires venture debt firm WTI for $97M cash + equity; earnout up to $70M
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- Purchase price: $97M cash and 3,916,666 P10 Intermediate units exchangeable into PX stock one-for-one.
- Earnout targets total $70M; EBITDA hurdles at $20M, $22.5M, $25M; expected close Q4 2022.
- WTI has deployed $7.8B in loans across 1,400+ companies since 1980; management team stays.
- P10 increased credit facility by $125M (revolver +$37.5M, term loan +$87.5M) to fund cash portion.
- Expects WTI to contribute >$12.5M Adjusted EBITDA in first full year; accretive to ANI per share in 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841968/000119312522230601/0001193125-22-230601-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841968/000119312522230601/d273626d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-230601

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer