Perella Weinberg Partners Enters Material Definitive Agreement

TL;DR

**PWP just signed a big deal, details pending, could move the stock.**

AI Summary

Perella Weinberg Partners filed an 8-K on January 2, 2024, reporting an "Entry into a Material Definitive Agreement" as of December 31, 2023. This filing indicates a significant new contract or arrangement that could impact the company's financial performance or strategic direction. For investors, this matters because material agreements can lead to new revenue streams, increased expenses, or changes in business operations, directly affecting the stock's future value.

Why It Matters

This filing signals a new, important business deal for Perella Weinberg Partners, which could significantly influence its financial outlook and strategic path. Investors should monitor for details of this agreement to assess its potential impact on revenue and profitability.

Risk Assessment

Risk Level: medium — The filing indicates a material agreement but lacks specific details, creating uncertainty about its financial implications and potential risks or benefits.

Analyst Insight

A smart investor would await further details on the "Material Definitive Agreement" to understand its financial implications before making any investment decisions. This filing is a notification, not a full disclosure of terms.

Key Numbers

• 001-39558 — Commission File Number (identifies Perella Weinberg Partners' filings with the SEC)
• 84-1770732 — I.R.S. Employer Identification No. (unique tax identification for Perella Weinberg Partners)
• 212-287-3200 — Business Phone Number (contact information for Perella Weinberg Partners)
• $0.0001 — par value per share (par value of Perella Weinberg Partners Class A Common Stock)

Key Players & Entities

• Perella Weinberg Partners (company) — the registrant filing the 8-K
• December 31, 2023 (date) — date of the earliest event reported
• January 2, 2024 (date) — date the 8-K was filed
• Nasdaq Global Select Market (company) — exchange where PWP Class A Common Stock is registered
• PWP (company) — trading symbol for Class A Common Stock

Forward-Looking Statements

• Perella Weinberg Partners will release more details about the material definitive agreement. (Perella Weinberg Partners) — high confidence, target: Q1 2024
• The agreement will positively impact Perella Weinberg Partners' revenue. (Perella Weinberg Partners) — medium confidence, target: Q2 2024

FAQ

Key Financial Figures

• $0.0001 — stered Class A Common Stock, par value $0.0001 per share PWP Nasdaq Global Select Mark

Filing Documents

• pwp-20231231.htm (8-K) — 42KB
• ex101-joindertoholdingslpa.htm (EX-10.1) — 19KB
• ex102-firstamendmenttoarlp.htm (EX-10.2) — 31KB
• 0001777835-24-000003.txt ( ) — 232KB
• pwp-20231231.xsd (EX-101.SCH) — 2KB
• pwp-20231231_lab.xml (EX-101.LAB) — 24KB
• pwp-20231231_pre.xml (EX-101.PRE) — 13KB
• pwp-20231231_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement PWP OpCo LPA Amendment and PWP OpCo Joinder In connection with the Division, on the Effective Date, (i) AdCo Professionals executed a joinder (the "PWP OpCo Joinder") to the Amended and Restated Agreement of Limited Partnership of PWP OpCo, dated as of June 24, 2021 (the "PWP OpCo LPA"), and (ii) the PWP OpCo LPA was amended by the First Amendment to the PWP OpCo LPA (the "PWP OpCo LPA Amendment"). Pursuant to the PWP OpCo LPA, PWP GP, in its capacity as the general partner of PWP OpCo, entered into the PWP OpCo LPA Amendment to, among other things, admit AdCo Professionals as a substituted limited partner of PWP OpCo and make certain technical changes to reflect the completion of the Division. The foregoing description of the PWP OpCo Joinder and the PWP OpCo LPA Amendment does not purport to be complete and is qualified in its entirety by the full text of the PWP OpCo Joinder, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference, and the full text of the PWP OpCo LPA Amendment, a copy of which is attached hereto as Exhibit 10.2 and incorporated herein by reference. AdCo Professionals LPA In connection with the Division, on the Effective Date, AdCo Professionals adopted the Agreement of Limited Partnership of AdCo Professionals (the "AdCo Professionals LPA"). The AdCo Professionals LPA (including the terms summarized below) is substantially similar to the pre-Division Limited Partnership Agreement of Professional Partners (the "Professional Partners LPA"). Perella Weinberg Partners LLC ("PWP LLC"), as general partner of AdCo Professionals, will have unilateral control over the affairs and decisions of AdCo Professionals. PWP LLC cannot be removed as the general partner without the approval of the limited partners of AdCo Professionals who hold more than fifty percent of all outstanding partnership units of AdCo Professionals. Subject to certain limited exceptions,

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits The following exhibits are being filed herewith: Exhibit No. Description 10.1 Joinder to the Amended and Restated Agreement of Limited Partnership of PWP Holdings LP, dated December 31, 2023 10.2 First Amendment to the Amended and Restated Agreement of Limited Partnership of PWP Holdings LP, dated as of D ecember 31, 2023 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PERELLA WEINBERG PARTNERS Date: January 2, 2024 By: /s/ Alexandra Gottschalk Name: Alexandra Gottschalk Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR