Distribution Solutions Group (DSGR) Announces Commencement of Rights Offering

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Go back to Distribution Solutions Group (DSGR) Announces Commencement of Rights Offering

Distribution Solutions Group Announces Commencement of Rights Offering

May 9, 2023 7:50 AM EDT

CHICAGO--(BUSINESS WIRE)-- Distribution Solutions Group, Inc. (Nasdaq: DSGR) (DSG or the Company), a multi-platform specialty distribution company, announced today that it has commenced a subscription rights offering (Rights Offering) pursuant to which it intends to raise gross proceeds of up to approximately $100 million. The Company will distribute at no charge to holders of its common stock, par value $1.00 per share (Common Stock), as of the close of business on May 1, 2023 (the record date for the Rights Offering), one subscription right for each share of Common Stock held. Each subscription right entitles the holder to... More