---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-008153"
form_type: "8-K"
ticker: "ARTW"
cik: "0000007623"
company_name: "ARTS WAY MANUFACTURING CO INC"
filed_at: "2022-04-04T23:59:59+00:00"
generated_at: "2026-06-26T09:58:43.918539+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Art's-Way Manufacturing enters up to $3M stock purchase agreement with Alumni Capital LP

## Summary
- Sale of up to $3M common stock to Alumni Capital LP; 20,000 initial commitment shares issued.
- Stock sold at 3-5% discount to lowest traded price in prior 5 days; no short selling allowed.
- Proceeds for capital equipment, new product development, working capital, and potential acquisitions.
- Alumni Capital cannot own >9.99% of outstanding shares; CEO David King remains, board unchanged.
- Registration statement to be filed for resale; agreement expires June 30, 2023 or when $3M reached.

## SEC filing metadata
- accession: 0001437749-22-008153
- form_type: 8-K
- ticker: ARTW
- cik: 0000007623
- company_name: ARTS WAY MANUFACTURING CO INC
- filed_at: 2022-04-04T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/7623/000143774922008153/0001437749-22-008153-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/7623/000143774922008153/artw20220404b_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-008153
- JSON: https://secwatch.observer/filing/0001437749-22-008153.json
- Plain text: https://secwatch.observer/filing/0001437749-22-008153.txt

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