secwatch.observer — SEC 8-K summary
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Issuer:     Perimeter Solutions, Inc. (PRM)
CIK:        0001880319
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0001880319-24-000009
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Perimeter Solutions settles $10.6M advisory fee with EverArc; issues 1.76M shares
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1880319/000188031924000009/0001880319-24-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1880319/000188031924000009/prm-20240215.htm
  HTML page:      https://secwatch.observer/filing/0001880319-24-000009

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer