Standex, through Mold-Tech Singapore, signed and closed a deal to acquire the remaining 9.90% of Narayan for approximately $64 million, completing the purchase on July 2, 2026 and bringing ownership to 100%. With the closing, the prior Shareholders' Agreement with the Narayan Minority Shareholders automatically terminated per its terms, eliminating minority rights and option mechanics. The move consolidates control and simplifies governance of Narayan under Standex.
New agreement details:
- Agreement type: Securities Purchase Agreement to acquire remaining 9.90% of Narayan
- Counterparty: Narayan Minority Shareholders
- Signed / Effective: Jun 26 2026 / Jul 02 2026
- Duration / Termination: N/A
- Reason: Gain full ownership of Narayan
Terminated agreement details:
- Agreement terminated: Shareholders' Agreement
- Counterparty: Narayan Minority Shareholders
- Original agreement date: Oct 28 2024
- Termination date: Jul 02 2026
- Termination type: expiry
- Exit fees / payments: None
- Reason: Ended after Standex acquired remaining 9.90% stake
Original SEC Filing:
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