---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-046909"
form_type: "8-K"
ticker: "BLFS"
cik: "0000834365"
company_name: "BIOLIFE SOLUTIONS INC"
filed_at: "2024-11-12T23:59:59+00:00"
generated_at: "2026-05-30T02:32:21.174352+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# BioLife Solutions sells SciSafe for $73M cash; closes Nov 12, 2024

## Summary
- Sold all SciSafe shares to Subzero Purchaser Corp. for $73M; repaid $0.9M of SciSafe debt and paid $3.3M to waive earn-out rights.
- Entered transition services agreement with SciSafe for up to 6 months post-close.
- Amended SVB loan agreement; added $750K non-refundable termination fee upon early loan termination.
- Amended bylaws: quorum reduced to one-third voting power; added exclusive forum for derivative/Securities Act claims.
- Pro forma shows continuing ops net income of $9.5M for H1 2024 vs. historical loss of $11.4M; net loss per share improved to $(0.22).

## SEC filing metadata
- accession: 0001628280-24-046909
- form_type: 8-K
- ticker: BLFS
- cik: 0000834365
- company_name: BIOLIFE SOLUTIONS INC
- filed_at: 2024-11-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/834365/000162828024046909/0001628280-24-046909-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/834365/000162828024046909/blfs-20241112.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-046909
- JSON: https://secwatch.observer/filing/0001628280-24-046909.json
- Plain text: https://secwatch.observer/filing/0001628280-24-046909.txt

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