{"schema_version":"secwatch.filing_event.v1","accession":"0000947871-22-001139","form_type":"8-K","ticker":"SPXC","cik":"0000088205","company_name":"SPX Technologies, Inc.","filed_at":"2022-11-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:53.839274+00:00","generated_at":"2026-06-22T06:16:12.501837+00:00","sec_items":["1.01","2.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"SPX Technologies divests asbestos-liability subsidiaries to Canvas Holdco for cash and annual EPS benefit","bullets":["SPX contributed $138.85M in cash to subsidiaries; buyer Canvas contributed $8M capital.","Transaction expected to yield annual adjusted EPS benefit of $0.08 to $0.10 beginning 2023.","Estimated one-time loss recorded in Q4 2022, excluded from adjusted earnings per share.","Buyer Canvas is a joint venture of Global Risk Capital LLC and an affiliate of Premia Holdings Ltd.","Solvency opinions obtained from independent advisory firm for each target company post-sale."],"urls":{"canonical":"https://secwatch.observer/filing/0000947871-22-001139","json":"https://secwatch.observer/filing/0000947871-22-001139.json","markdown":"https://secwatch.observer/filing/0000947871-22-001139.md","text":"https://secwatch.observer/filing/0000947871-22-001139.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/88205/000094787122001139/0000947871-22-001139-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/88205/000094787122001139/ss1485867_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T06:16:12.501837+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7a90946f596163e188cfe42019573fa002430b00","claim":"SPX Technologies, Inc. completed a disposition involving Canvas Holdco, LLC (closed 2022-11-01).","evidence_excerpt":"On November 1, 2022, the Company transferred to the Purchaser the issued and outstanding limited liability company membership interests of SPX, LLC (the “ Sale ”).","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/88205/000094787122001139/0000947871-22-001139-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Canvas Holdco, LLC"},{"label":"Closing","value":"2022-11-01"}],"fact_type":"ma_transaction"},{"claim_id":"6ef87732b3d17f2776bd5dcceaae3daf234ebb75","claim":"SPX Technologies, Inc. entered into Purchase Agreement with Canvas Holdco, LLC (effective 2022-11-01).","evidence_excerpt":"nto a Sale and Purchase Agreement (the “ Purchase Agreement ”) with Canvas Holdco, LLC, a Delaware limited liability company (the “ Purchaser ”), an entity formed by a joint venture of Global Risk Capital and Premia Holdings.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/88205/000094787122001139/0000947871-22-001139-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Canvas Holdco, LLC"},{"label":"Effective","value":"2022-11-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}