secwatch.observer — SEC 8-K summary
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Issuer:     StepStone Group Inc. (STEP)
CIK:        0001796022
Form:       8-K
Filed at:   2024-02-08T23:59:59+00:00
Accession:  0001193125-24-028333
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

StepStone enters agreements to acquire all interests in SRE, SIRA, SPD via annual exchanges
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- StepStone to acquire 100% of SRE, SIRA, and SPD through annual exchanges of equity for Class D units or Class A common stock plus cash over up to 10 years (15 for SIRA).
- First exchange reference date April 1, 2024; closing subject to regulatory approval, stockholder vote, and audited FY2024 financials.
- Up to 75 million shares of Class A common stock may be issued as consideration; board has option to increase limit.
- Class B Committee entered Support Agreement to vote all shares in favor of the transactions.
- J.P. Morgan Securities LLC acted as financial advisor to StepStone.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1796022/000119312524028333/0001193125-24-028333-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1796022/000119312524028333/d707393d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-028333

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