---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-037082"
form_type: "8-K"
ticker: null
cik: "0000047307"
company_name: "CRAWFORD UNITED Corp"
filed_at: "2025-12-08T23:59:59+00:00"
generated_at: "2026-05-16T14:08:16.062957+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Crawford United to be acquired by SPX Enterprises for $300M, $83.42/share cash

## Summary
- Approximately $83.42 per share in cash, representing total enterprise value of $300 million.
- Transaction expected to close in Q1 2026, subject to shareholder approval and regulatory clearances.
- Board unanimously approved; directors and officers representing ~72% voting power support via voting agreements.
- Executives and Chairman to receive transaction bonuses: $1M for CEO/Chairman, $500K for CFO, plus performance bonuses.
- No-shop provision with fiduciary out; termination fee of $9 million.

## SEC filing metadata
- accession: 0001437749-25-037082
- form_type: 8-K
- cik: 0000047307
- company_name: CRAWFORD UNITED Corp
- filed_at: 2025-12-08T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/47307/000143774925037082/0001437749-25-037082-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/47307/000143774925037082/crawa20251207_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-037082
- JSON: https://secwatch.observer/filing/0001437749-25-037082.json
- Plain text: https://secwatch.observer/filing/0001437749-25-037082.txt

## Key facts
- Material Agreements
  CRAWFORD UNITED Corp entered into Agreement and Plan of Merger with SPX Enterprises, LLC and Project King Acquisition, Inc. valued at $300 million (effective 2025-12-05).
  - Action: entry
  - Agreement: merger
  - Counterparty: SPX Enterprises, LLC and Project King Acquisition, Inc.
  - Value: $300 million
  - Effective: 2025-12-05
  source text: On December 5, 2025, Crawford United Corporation, an Ohio corporation (the “Company”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with SPX Enterprises, LLC, a Delaware limited liability company (“Parent”), and Project King Acquisition, Inc., an Ohio corporation and wholly owned subsidiary of Parent (“Merger Sub”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/47307/000143774925037082/0001437749-25-037082-index.htm

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