P10 completes acquisition of Western Technology Investment for $97M cash plus equity

Ridgepost Capital, Inc.

Purchase price: $97,000,008 cash + 3,916,666 membership units exchangeable into P10 common stock.
Sellers eligible for earn-out payments up to $70M based on EBITDA milestones from 2023-2027.
P10 expects WTI to contribute >$12.5 million Adjusted EBITDA in first full year post-close.
Next WTI flagship fund (Fund XI) expected to be raised and activated in 2024.
Acquisition closed October 13, 2022.

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