secwatch.observer — SEC 8-K summary
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Issuer:     Ridgepost Capital, Inc. (RPC)
CIK:        0001841968
Form:       8-K
Filed at:   2026-06-22T20:22:41+00:00
Accession:  0001193125-26-277566
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 2.01, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ridgepost closes $125M cash + equity acquisition of Stellus Capital Management; up to $60M earnout
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- Consideration: $125M cash, 11.19M Ridgepost LLC units, 579k shares of Class A common stock; units exchangeable 1:1 for common.
- Sellers subject to 3-year lock-up on common stock (1/3 released annually); earnout up to $60M based on 2027 & 2029 performance.
- Stellus has $3.8B AUM ($2.6B fee-paying), 70%+ fee revenue from permanent capital; senior team has deployed $10.5B across 375+ companies.
- Ridgepost drew $139M on revolver; upsized credit facility by $20M to $195M via Increase Agreement with JPMorgan.
- Stellus will continue to be managed by current partners; day-to-day operations unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841968/000119312526277566/0001193125-26-277566-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841968/000119312526277566/rpc-20260622.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-277566

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