STANDEX INTERNATIONAL CORP/DE/ 8-K

What Happened

• Standex International Corporation (through its wholly owned Singapore subsidiary Mold-Tech Singapore PTE LTD) announced it completed the purchase of the remaining 9.90% minority interest in Narayan Powertech Private Limited. The Second Securities Purchase Agreement (dated June 26, 2026) provided for aggregate cash consideration of approximately $64,000,000, and the transaction closed on July 2, 2026.
• Standex originally acquired 90.10% of Narayan on October 28, 2024. A planned Share Swap for the remaining shares required Reserve Bank of India (RBI) approval by October 28, 2025; that approval was not obtained, triggering put/call options under the parties’ Shareholders’ Agreement. Instead of exercising those options, the parties negotiated the direct cash purchase.

Key Details

• Initial acquisition: 90.10% of Narayan closed on October 28, 2024.
• Remaining stake acquired: 9.90% for approximately $64,000,000 under a Securities Purchase Agreement dated June 26, 2026.
• Closing date for the second transaction: July 2, 2026.
• Transaction vehicle: Mold-Tech Singapore PTE LTD, a wholly owned subsidiary of Standex; press release furnished as Exhibit 99.1 to the Form 8-K.

Why It Matters

• Standex is now the sole owner of Narayan Powertech, converting a previously minority-held public-equity settlement path into a cash purchase. Full ownership can simplify governance and integration decisions for the Narayan business.
• The $64M cash outlay and complete ownership are material to investors because they affect Standex’s consolidated holdings and cash deployment; detailed financial impacts would appear in future filings.