DSGR closes $100M rights offering; insiders now own 78% of common stock

Distribution Solutions Group, Inc.

Gross proceeds of $100M from issuance of 2,222,222 shares at $45.00 per share.
Luther King Capital Management (including CEO) now beneficially owns ~78% of outstanding shares.
Proceeds to be used for general corporate purposes and to fund the acquisition of Hisco.
Total shares outstanding post-offering approximately 23.348 million.

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