secwatch.observer — SEC 8-K summary
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Issuer:     Distribution Solutions Group, Inc. (DSGR)
CIK:        0000703604
Form:       8-K
Filed at:   2023-06-02T23:59:59+00:00
Accession:  0001193125-23-159418
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/703604/000119312523159418/0001193125-23-159418-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/703604/000119312523159418/d501879d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-159418

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