DSGR issues 1.7M earnout shares to TestEquity and Gexpro Services equityholders

Distribution Solutions Group, Inc.

Issued 700,000 shares to TestEquity Equityholder and 1,000,000 shares to Gexpro Services Stockholder on March 20, 2023.
Shares represent maximum additional earnout consideration under prior Merger Agreements; no further shares will be issued.
Holdback Shares were unregistered, relying on Section 4(a)(2) exemption from the Securities Act.
Issuance relates to TestEquity and Gexpro Services acquisitions completed in December 2021.

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