On March 17, Chicago-based industrial distributor Distribution Solutions Group announced that it has filed a universal shelf registration statement with the Securities and Exchange Commission.
The filing is intended to allow DSG to register one or more future offerings of up to $500 million of equity and debt securities of the company, DSG said in its announcement.
DSG, formerly Lawson Products, previously filed a universal shelf registration statement in May 2019 to register one or more offerings of up to $200 million of equity and debt securities of the company. That filing expired in May 2022, when Lawson rebranded as DSG.
DSG said it is “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.”
The company said it expects that the net proceeds of any such future offerings of securities would be used for “general corporate purposes, including, without limitation, organic strategic initiatives, and acquisitions as well as general working capital needs.”
DSG said the shelf registration statement has not yet become effective. The company ranked No. 34 on MDM’s 2022 Top Industrial Distributors list, and was No. 16 for MRO products distributors.