secwatch.observer — SEC 8-K summary
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Issuer:     Distribution Solutions Group, Inc. (DSGR)
CIK:        0000703604
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001193125-23-139516
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Distribution Solutions Group launches rights offering to raise ~$100M at $45/share, expiring May 30
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- Each share of common stock receives one transferable right to buy 0.105 shares at $45.00 per share.
- Expected aggregate proceeds of approximately $100 million; net proceeds for general corporate purposes and to fund HIS Company acquisition.
- LKCM Affiliates (77% owner) intend to fully exercise their rights and over-subscription rights.
- Rights expire at 5:00 p.m. ET on May 30, 2023; record date was May 1, 2023.
- Over-subscription right available for stockholders who fully exercise basic rights.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/703604/000119312523139516/0001193125-23-139516-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/703604/000119312523139516/d474598d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-139516

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