Distribution Solutions Group files shelf registration statement
Distribution Solutions Group, Inc., a multi-platform distribution company providing distribution solutions to the maintenance, repair & operations (MRO), original equipment manufacturer (OEM) and industrial technologies markets announced March 17 it has filed a universal shelf registration statement on Form S-3 with the Securities and Exchange Commission to register one or more future offerings of up to $500 million of equity and debt securities.
DSG (formerly Lawson Products) previously filed a universal shelf registration statement on Form S-3 in May 2019 to register one or more offerings of up to $200 million of equity and debt securities of the company which expired in May 2022. With the filing of the company’s Form 10-K on March 14, 2023, DSG determined to reinstate its universal shelf registration statement to provide the company with greater flexibility to access the capital markets in the future through the sale of securities if it becomes advantageous for the company and its stockholders.
DSG currently expects that the net proceeds of any such future offerings of securities would be used for general corporate purposes, including organic strategic initiatives, and acquisitions as well as general working capital needs.
The shelf registration statement has not yet become effective.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
