P10 Industries Inc. (PX)

[UHD]

PIOE - Major Acquisition. Conversion at $3/share

P10 Holdings, Inc. (OTC: PIOE, or “P10”), owner of RCP Advisors 2, LLC and RCP Advisors 3, LLC (“RCP Advisors”), has signed a definitive agreement to purchase Five Points Capital, Inc. (“Five Points”), a leading lower middle market alternative investment manager focused on providing both equity and debt capital to private, growth-oriented companies and LP capital to other private equity funds, with all strategies focused exclusively in the U.S. lower middle market. Since its founding over two decades ago, Five Points has successfully raised and deployed in excess of $1.5 billion on behalf of institutional and high net worth clients.

The Convertible Preferred is expected to yield 1% per year in cash and be convertible at the holders’ option into common equity at Holdco. The convertible preferred contains certain put rights and governance rights at Holdco. While the convertible preferred converts into Holdco common equity—and not P10 common stock—the conversion ratio into Holdco common equity, relative to P10 ownership of Holdco common equity, equates to a conversion price of $3.00 per share at P10.

http://ir.p10holdings.com/news-releases/news-release-details/p10-holdings-announces-transformative-acquisition-and-changes