Recent Updates — RPC
Ridgepost Capital, Inc. filed an amendment to its Form 8-K to include the audited financial statements of Stellus Capital Management, LLC and pro forma financial information following the completion of Ridgepost's acquisition of Stellus on June 22, 2026. Stellus reported $38.3 million in revenues and $21.1 million in net income for the year ended December 31, 2025, alongside a separation agreement obligation settled for $12.5 million upon closing. The acquisition expands Ridgepost's alternative asset management capabilities. This company operates in the financial services industry as an investment manager.
Ridgepost Capital, Inc. completed its acquisition of Stellus Capital Management, LLC on June 22, 2026, for a total consideration of $125,000,000 in cash, 11,191,149 Class A membership units, and 579,096 shares of Class A Common Stock. The transaction includes a potential earnout payment of up to $60,000,000 based on financial performance in 2027 and 2029. To fund the acquisition, Ridgepost LLC drew down $139,000,000 from its revolving credit facility, which was recently increased to $195,000,000. Ridgepost Capital, Inc. is a financial services company providing capital and investment management services.