Distribution Solutions Group (DSGR) Announces Planned Rights Offering

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

Distribution Solutions Group Announces Plan to Undertake Rights Offering

March 31, 2023 6:45 AM EDT

CHICAGO--(BUSINESS WIRE)-- Distribution Solutions Group, Inc. (Nasdaq: DSGR) (DSG), a premier, multi-platform specialty distribution company, announced today that it plans to distribute at no charge to stockholders of record of its common stock, par value $1.00 per share (common stock), subscription rights for shares of its common stock (the rights offering). The rights offering is expected to raise an aggregate amount of approximately $100 million and will be conducted pursuant to DSGs registration statement on Form S-3 filed on March 17, 2023 with the U.S. Securities and Exchange Commission (SEC). The subscription rights will be... More