---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-26-037767"
form_type: "8-K"
ticker: "LFCR"
cik: "0001005286"
company_name: "LIFECORE BIOMEDICAL, INC. DE"
filed_at: "2026-09-28T12:53:40+00:00"
generated_at: "2026-10-12T13:32:29.929472+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Lifecore Biomedical to be acquired by Webster Equity affiliates for $6.28/share cash plus CVR

## Summary
- Merger Agreement dated Sept. 27, 2026: Merger Sub merges into Lifecore; holders receive $6.28 per share in cash plus one CVR; no financing condition.
- Financing: $400M Webster equity, $115M term loans, $30M revolver, $35M Alcon term loan; closing conditioned on Alcon supply/manufacturing agreements, including Amendment No. 3 dated Sept. 24, 2026.
- CVR payments: $30M if 2028 revenue is at least $120M from non-Alcon customers and $54M from Alcon or $174M total; $45M for 2029; $85M for 2030 EBITDA of at least $120M.
- Termination fees are $7,468,287 go-shop, $9,957,716 company, and $16,181,288 reverse; outside date June 27, 2027, extendable to Sept. 27, 2027 if HSR is pending.
- Wynnefield and Legion stockholders, tied to directors Nelson Obus and Christopher S. Kiper, signed voting support agreements covering their Lifecore shares.

## SEC filing metadata
- accession: 0001140361-26-037767
- form_type: 8-K
- ticker: LFCR
- cik: 0001005286
- company_name: LIFECORE BIOMEDICAL, INC. DE
- filed_at: 2026-09-28T12:53:40+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1005286/000114036126037767/0001140361-26-037767-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1005286/000114036126037767/ef20082009_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-037767
- JSON: https://secwatch.observer/filing/0001140361-26-037767.json
- Plain text: https://secwatch.observer/filing/0001140361-26-037767.txt

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