(RTTNews) - P10, Inc. (PX), Thursday announced the decision to acquire Stellus Capital Management, LLC, a U.S. direct lender, for an initial purchase price of $250 million, which consists of $125 million in cash and $125 million in the company's units.
The company expects to finance the cash portion of the initial consideration with a mix of cash-on-hand and by drawing on P10's revolving credit facility.
The deal underscores P10's expansion into middle and lower-middle market, expecting to create the potential for new opportunities across the firm.
The transaction is expected to close in mid-2026.
In the pre-market hours, PX is trading at $10.35, down 1.43 percent on the New York Stock Exchange.
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