---
schema_version: "secwatch.filing_event.v1"
accession: "0001352081-24-000004"
form_type: "8-K"
ticker: null
cik: "0001352081"
company_name: "Cardinal Ethanol LLC"
filed_at: "2024-02-02T23:59:59+00:00"
generated_at: "2026-06-06T09:47:57.759827+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Cardinal Ethanol subsidiary acquires idled ethanol facility in Colwich, KS for $44M

## Summary
- Cardinal Colwich, a wholly owned subsidiary, completed acquisition of substantially all assets of Element, LLC for $44 million.
- The idled facility in Colwich, KS can produce ethanol, high protein distillers grains, and corn oil; idled since April 2023.
- Purchase funded by cash on hand and a $22 million loan from First National Bank of Omaha.
- Cardinal Colwich assumed certain liabilities related to assigned contracts and associated cure costs.

## SEC filing metadata
- accession: 0001352081-24-000004
- form_type: 8-K
- cik: 0001352081
- company_name: Cardinal Ethanol LLC
- filed_at: 2024-02-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1352081/000135208124000004/0001352081-24-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1352081/000135208124000004/card-20240131.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001352081-24-000004
- JSON: https://secwatch.observer/filing/0001352081-24-000004.json
- Plain text: https://secwatch.observer/filing/0001352081-24-000004.txt

## Key facts
- M&A Transactions
  Cardinal Ethanol LLC completed an acquisition involving Element, LLC for $44,000,000 (closed 2024-01-31).
  - Action: acquisition
  - Counterparty: Element, LLC
  - Consideration: $44,000,000
  - Closing: 2024-01-31
  source text: equipment, books and records, real property, permits, licenses, intellectual property rights and assets, inventory and spare parts. The consideration for the assets was $44,000,000. In addition, Cardinal Colwich assumed certain liabilities required to be performed after closing with respect to contracts assigned by Seller and assumed by Cardinal Colwich
  evidence_url: https://www.sec.gov/Archives/edgar/data/1352081/000135208124000004/0001352081-24-000004-index.htm

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