{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-249232","form_type":"8-K","ticker":"KEQU","cik":"0000055529","company_name":"KEWAUNEE SCIENTIFIC CORP /DE/","filed_at":"2024-11-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.784888+00:00","generated_at":"2026-05-30T07:07:37.638729+00:00","sec_items":["1.01","2.01","2.03","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Kewaunee Scientific acquires Nu Aire for $55M; expands life sciences product line","bullets":["Total purchase price $55M, funded with $32M cash (PNC revolver & term loan) and $23M seller notes at 8%.","PNC financing includes $20M revolver and $15M term loan maturing Nov 2029; seller notes mature in 3 years.","Nu Aire manufactures biosafety cabinets, CO2 incubators, ultralow freezers; serves life sciences, healthcare, education.","Bill Peters remains Nu Aire President and joins Kewaunee as VP; company cites operational synergies and expanded market reach.","Management expects combined product portfolio and channel strategy to drive sustainable growth."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-249232","json":"https://secwatch.observer/filing/0001193125-24-249232.json","markdown":"https://secwatch.observer/filing/0001193125-24-249232.md","text":"https://secwatch.observer/filing/0001193125-24-249232.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/55529/000119312524249232/0001193125-24-249232-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/55529/000119312524249232/d886750d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T07:07:37.638729+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":"6c02929513606c008aa38301ed95b5612fd00b0a","claim":"KEWAUNEE SCIENTIFIC CORP /DE/ completed an acquisition involving Nu Aire, Inc. for $55,000,000 (closed 2024-11-01).","evidence_excerpt":"(after the RWI Policy is exhausted). Pursuant to the terms of the Purchase Agreement, the Company purchased all of the outstanding capital stock of Nu Aire from the Sellers for $55,000,000 in the aggregate (the “Purchase Price”), subject to certain customary adjustments for debt, cash, transaction expenses and net working capital, as further described in the","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/55529/000119312524249232/0001193125-24-249232-index.htm","confidence":0.98,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Nu Aire, Inc."},{"label":"Consideration","value":"$55,000,000"},{"label":"Closing","value":"2024-11-01"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}