other material
confidence high
sentiment neutral
materiality 0.30
Perimeter Solutions settles $10.6M advisory fee with EverArc; issues 1.76M shares
Perimeter Solutions, Inc.
- Settled 2023 fixed advisory fee of ~$10.6M to EverArc Founder Entity via 74.6% shares (1,758,464) and 25.4% cash (~$2.7M).
- Shares issued at VWAP of $4.5140; after issuance, total shares outstanding 145,793,409.
- EverArc provides strategic & capital allocation advice; directors include Thorndike, Howley, Britt Cool, Raj, Khouri.
- Fee settlement per Advisory Services Agreement assumed from Nov 2021 business combination.