secwatch.observer — SEC 8-K summary
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Issuer:     Distribution Solutions Group, Inc. (DSGR)
CIK:        0000703604
Form:       8-K
Filed at:   2023-03-21T23:59:59+00:00
Accession:  0001193125-23-075727
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/703604/000119312523075727/0001193125-23-075727-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/703604/000119312523075727/d424613d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-075727

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