Company: SXI
Filing Date: 2025-08-04
Form Type: 10-K
Source: 0001437749-25-024450
Chunk: 947

Company: STANDEX INTERNATIONAL CORP/DE/
Filing Date: 2025-08-04
Form: 10-K
Item: Item 7A
Chunk 947
---
 business, and the allocations of those cash flows to identifiable tangible and intangible assets, in determining the assets acquired and liabilities assumed. The fair values assigned to tangible and intangible assets acquired and liabilities assumed are based on management's best estimates and assumptions, as well as other information compiled by management, including valuations that utilize customary valuation procedures and techniques.

       Preliminary Allocation as of March 31, 2025    Adjustments    Preliminary Allocation as of June 30, 2025  
 Total purchase consideration:             
 Cash payments  $57,271  $278  $57,549 
 Less: cash acquired   (586)  -   (586)
 Total  $56,685  $278  $56,963 

 Identifiable assets acquired and liabilities assumed:             
 Other acquired assets  $8,808  $-  $8,808 
 Inventories   6,524   220   6,744 
 Customer backlog   4,060   (90)  3,970 
 Property, plant, and equipment   5,315   3,288   8,603 
 Identifiable intangible assets   26,400   (1,900)  24,500 
 Goodwill   17,692   (1,270)  16,761 
 Liabilities assumed   (12,114)  30   (12,423)
 Total  $56,685  $278  $56,963 

       37

   Amran/Narayan Group
    
   On  October 28, 2024 (“Closing Date”), the Company acquired, in separate transactions, 100% of the outstanding membership interest in Amran LLC (“Amran”), a privately-held company based in Houston, Texas, pursuant to a Securities Purchase Agreement (the “Amran Purchase Agreement”) and through its wholly owned subsidiary, Mold-Tech Singapore PTE LTD (“Mold-Tech Singapore”), 90.1% of the capital stock of Narayan Powertech Private Limited (“Narayan”), a privately-held India-based company, pursuant to a Securities Purchase Agreement (the “Narayan Purchase Agreement”) (collectively the “Amran/Narayan Group”). With manufacturing locations in the United States and India, Amran/Narayan Group is a leading manufacturer of