Victory Capital to acquire First Eagle in cash-and-stock deal

• Victory Capital entered a deal to acquire First Eagle through a two-step merger structure signed Aug. 25, 2026.
• Consideration combines cash, newly issued common stock equal to 4.9% post-closing, and Series B Non-Voting Convertible Preferred Stock.
• Price adjusts for debt, cash, working capital, transaction expenses, and client consent levels tied to a Base Revenue Run-Rate threshold.
• Closing requires client consents covering at least 75% of Base Revenue Run-Rate, alongside antitrust and other regulatory clearances.
• Outside date is May 25, 2027; if stockholder approval fails, equity issuance caps at 19.9% with the remainder in perpetual preferred stock.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Victory Capital Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-103936), on August 31, 2026, and is solely responsible for the information contained therein.