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PIPER SANDLER COMPANIES

For the period ended Jun 30, 2025. Filed Aug 6, 2025.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Aug 6, 2025

PIPR$65.92-1.8%Stored close · as of Nov 6, 2026

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Contents

Subsequent Event

NOTE 20| SUBSEQUENT EVENT

On August 1, 2025, the Company announced a definitive agreement to acquire G Squared Capital Partners LLC, a boutique investment bank specializing in government services and defense technology. The purchase price consists of cash consideration, and restricted stock will be granted for retention purposes. Additional cash consideration may be earned if certain revenue targets are achieved. The transaction is expected to close in the third quarter of 2025, subject to customary closing conditions.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.