Distribution solutions group announces closing of rights offering

Chicago--(business wire)--distribution solutions group, inc. (nasdaq: dsgr) (“dsg” or the “company”), announced today the closing of its rights offering, which expired at 5:00 p.m. et on may 30, 2023. pursuant to the terms of the rights offering, 2,222,222 shares of common stock were purchased pursuant to the exercise of basic subscription rights and the over-subscription rights, which generated $100 million in gross proceeds to the company. luther king capital management corporation and its af.
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