---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-159418"
form_type: "8-K"
ticker: "DSGR"
cik: "0000703604"
company_name: "Distribution Solutions Group, Inc."
filed_at: "2023-06-02T23:59:59+00:00"
generated_at: "2026-06-14T08:40:13.145966+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-159418
- form_type: 8-K
- ticker: DSGR
- cik: 0000703604
- company_name: Distribution Solutions Group, Inc.
- filed_at: 2023-06-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/703604/000119312523159418/0001193125-23-159418-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/703604/000119312523159418/d501879d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-159418
- JSON: https://secwatch.observer/filing/0001193125-23-159418.json
- Plain text: https://secwatch.observer/filing/0001193125-23-159418.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.