secwatch.observer — SEC 8-K summary
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Issuer:     CHART INDUSTRIES INC (GTLS)
CIK:        0000892553
Form:       8-K
Filed at:   2025-05-05T23:59:59+00:00
Accession:  0001193125-25-112831
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 1.02
LLM model:  deepseek-v4-flash:cloud@v2

Chart enters co-investment agreement with BDT&MSD for HTEC shares; put/call options at $51.20/share
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- BDT&MSD acquires all HTEC shares from ISQ; Chart and BDT&MSD sign co-investment agreement with put/call options.
- BDT&MSD can put all HTEC shares to Chart at $51.20/share (plus 11.25% annual increase after 3rd anniversary) on certain triggers.
- Chart can call up to 85% of BDT&MSD’s HTEC shares after 3 years at 12.75% IRR or 1.8x multiple.
- Chart also receives right of first offer/refusal on BDT&MSD’s HTEC shares.
- Prior ISQ co-investment agreement and tri-party agreement terminated effective April 30, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/892553/000119312525112831/0001193125-25-112831-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/892553/000119312525112831/d941713d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-112831

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