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 DSG’s 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 transferable but will not be listed for trading on any stock exchange or market. The record date, subscription price, expiration date and other details of the rights offering will be specified in a prospectus supplement that DSG intends to file with the SEC once additional details are available.
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