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Perella Weinberg Partners (NASDAQ:PWP), a $1.86 billion market cap advisory firm whose stock has gained over 18% in the past year, reported that on Tuesday it issued 1,500,380 shares of its Class A common stock in exchange for 1,498,883 Class A partnership units of PWP Holdings LP and an equal number of Class B common shares previously held by certain limited partners of PWP Holdings LP. According to InvestingPro data, the company maintains a Good financial health score, with management actively pursuing share buybacks. The transactions were carried out according to the Amended and Restated Limited Partnership Agreement of PWP Holdings LP.
Under the agreement, holders of Class A partnership units of PWP Holdings LP, other than the company itself, may exchange these units for either shares of Class A common stock on a one-for-one basis, cash from an offering of Class A common shares, or cash from another source. When a unitholder who holds Class B common shares participates in an exchange, the corresponding number of Class B shares is automatically converted to Class A common stock or cash at a conversion rate of 1:1000. With the stock currently trading at $21.27, InvestingPro analysis suggests the shares are trading near their Fair Value, with 6 additional exclusive insights available to subscribers.
The company stated that the newly issued Class A common shares were offered as a private transaction exempt from registration under Section 4(a)(2) of the Securities Act of 1933, with no general solicitation or advertising involved.
This information is based on a press release statement and details disclosed in a recent SEC filing.
In other recent news, Perella Weinberg Partners reported a robust performance for the second quarter of 2025, surpassing both earnings per share (EPS) and revenue expectations. The company achieved an EPS of $0.09, exceeding the forecasted $0.07, which represents a 28.57% surprise. Revenue also topped predictions, reaching $155 million compared to the anticipated $149.2 million. Additionally, Perella Weinberg Partners has strengthened its team by appointing Mathijn Queis as an Advisory Partner. Queis will be based in London and will enhance the firm’s capabilities in the software and European technology sectors. His previous experience includes a decade at Evercore, where he served as a Managing Director in the Technology Group. These developments reflect recent strategic moves and financial achievements by Perella Weinberg Partners.
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