Perella Weinberg Partners Issues 1.3 Million Shares in Private Placement

Reuters11-19
Perella Weinberg Partners Issues 1.3 Million Shares in Private Placement

Perella Weinberg Partners has announced the issuance of 1,320,319 shares of its Class A common stock in exchange for 1,319,000 Class A partnership units of PWP Holdings LP and an equal number of Class B common shares, previously held by certain limited partners. The transaction was conducted as a private placement under Section 4(a)(2) of the Securities Act of 1933, relying on an exemption from registration and involving no public offering or general solicitation. The exchange was made pursuant to the terms of the PWP OpCo Limited Partnership Agreement, allowing holders to swap partnership units and Class B shares for Class A common stock or cash at the company's discretion.

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