Houlihan Lokey closes acquisition of Waller Helms Advisors; issues 635,834 Class B shares with potential $60M earn-out

HOULIHAN LOKEY, INC.

Closed acquisition of Waller Helms Advisors LLC on Dec 5, 2024; stock issued as partial consideration.
Issued 635,834 Class B shares (386,428 vested, 249,406 subject to repurchase) to sellers.
Earn-out shares up to $60M based on revenue performance over four measurement periods.
Filed prospectus supplement for resale of up to 715,659 Class A shares convertible from Class B shares.
Issuance exempt from registration under Section 4(a)(2) and Regulation D.

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