---
schema_version: "secwatch.filing_event.v1"
accession: "0000088205-23-000016"
form_type: "8-K"
ticker: "SPXC"
cik: "0000088205"
company_name: "SPX Technologies, Inc."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T23:47:48.809377+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SPX Technologies to acquire ASPEQ for $418M in cash via merger

## Summary
- SPX Enterprises (subsidiary of SPX) to buy ASPEQ for $418M cash, subject to typical closing adjustments.
- Each share of ASPEQ common stock will be converted into cash consideration; vested options also cashed out.
- Merger conditions include HSR antitrust clearance, stockholder approval, and absence of Material Adverse Effect.
- Transaction expected to close by August 26, 2023, unless terminated earlier under specified conditions.
- SPX has best efforts obligations for regulatory approvals and will pay for representation and warranty insurance.

## SEC filing metadata
- accession: 0000088205-23-000016
- form_type: 8-K
- ticker: SPXC
- cik: 0000088205
- company_name: SPX Technologies, Inc.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/88205/000008820523000016/0000088205-23-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/88205/000008820523000016/spxc-20230428.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000088205-23-000016
- JSON: https://secwatch.observer/filing/0000088205-23-000016.json
- Plain text: https://secwatch.observer/filing/0000088205-23-000016.txt

## Key facts
- Material Agreements
  SPX Technologies, Inc. entered into Agreement and Plan of Merger with ASPEQ Parent Holdings, Inc. valued at approximately $418 million (effective 2023-04-28).
  - Action: entry
  - Agreement: merger
  - Counterparty: ASPEQ Parent Holdings, Inc.
  - Value: approximately $418 million
  - Effective: 2023-04-28
  source text: entered into an Agreement and Plan of Merger dated as of April 28, 2023 (the “Merger Agreement”) with ASPEQ Parent Holdings, Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/88205/000008820523000016/0000088205-23-000016-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.