---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-273510"
form_type: "8-K"
ticker: "HLI"
cik: "0001302215"
company_name: "HOULIHAN LOKEY, INC."
filed_at: "2024-12-09T23:59:59+00:00"
generated_at: "2026-05-29T05:32:44.396626+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-273510
- form_type: 8-K
- ticker: HLI
- cik: 0001302215
- company_name: HOULIHAN LOKEY, INC.
- filed_at: 2024-12-09T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1302215/000119312524273510/0001193125-24-273510-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1302215/000119312524273510/d798072d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-273510
- JSON: https://secwatch.observer/filing/0001193125-24-273510.json
- Plain text: https://secwatch.observer/filing/0001193125-24-273510.txt

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