Ridgepost Capital, Inc. (PX) Form 8-K — Jun 22, 2026
Ridgepost Capital has completed its acquisition of Stellus Capital Management, a direct lender with approximately $4 billion in assets under management. The total consideration at closing consisted of $125 million in cash, 11,191,149 exchangeable Class A membership units, and 579,096 shares of Class A Common Stock. To fund the transaction, Ridgepost drew $139 million from its revolving credit facility, which was recently increased by $20 million to a total of $195 million. The acquisition also includes an earnout provision of up to $60 million payable in 2028 and 2030 based on Stellus's financial performance in fiscal years 2027 and 2029.
Key figures
- Debt Amount
- 139,000,000
- Earnout Max
- 60,000,000
- Deal Value Usd
- 125,000,000
- Stellus AUM
- ~4,000,000,000
- Units Issued
- 11191149
- Ridgepost AUM
- 45,000,000,000
- Shares Issued
- 579096
- Credit Facility Increase
- 20,000,000
- Total Revolving Commitments
- 195,000,000
Price after filing
Close on the filing date to close N calendar days later (from $8.03). Historical, not a forecast.
AI analysis
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