# EVI INDUSTRIES, INC. (EVI) — spac/extension [pending]
Source: SEC API (secapi.ai) · situation sit_b239848b4cf79eb4f2b0 · retrieved 2026-08-11T15:54:02.444Z

## Overview
EVI Industries, Inc. operates a garment care, textile cleaning, and repair business providing dry cleaning, laundering, wash-dry-fold services, pressing, finishing, stain treatment, and related garment and fabric care services for garments, clothing, footwear, handbags, rugs, and household textiles.

On July 17, 2026, EVI Industries, Inc. and its subsidiaries entered into four definitive asset purchase agreements to acquire substantially all assets of JLOJB, Inc. (f/k/a Sudsies, Inc.) and related entities. Transaction A involves $22,600,000 in consideration ($1,716,000 escrowed for 12+ months). Transaction B involves $4,000,000 in consideration ($232,000 escrowed for 12+ months). Transaction C involves $900,000 in consideration ($800,000 cash with $52,000 escrowed, plus stock equal to $100,000 divided by a board-determined price per share). Transaction D involves $7,124,778 in consideration ($6,624,778 cash plus stock equal to $500,000 divided by a board-determined price per share) for acquisition of Jason Loeb's personal goodwill. The aggregate consideration across all four transactions totals approximately $34,624,778. All closings are expected within 30 to 45 days and are conditioned on simultaneous closing of all four transactions, with a termination date of September 1, 2026.

## Terms
- Counterparty: JLOJB, Inc. f/k/a Sudsies, Inc. and related entities (Jason Loeb Family Trust, Jorge Baboun and Michelle Zambelli Baboun Inter Vivos Declaration of Trust, Jason Loeb, Jorge Baboun, and other sellers) · Consideration: mixed

## Key dates
- Announced 2026-07-23 · Expiry 2026-09-01

## Timeline
- 2026-07-23 · 8-K (0001437749-26-024286): 8-K - EVI INDUSTRIES, INC. — *EVI Industries, Inc. operates a garment care, textile cleaning, and repair business providing dry cleaning, laundering, wash-dry-fold services, pressing, finishing, stain treatment, and related garment and fabric care services for garments, clothing, footwear, handbags, rugs, and household textiles.* On July 17, 2026, EVI Industries, Inc. and its subsidiaries entered into four definitive asset purchase agreements to acquire substantially all assets of JLOJB, Inc. (f/k/a Sudsies, Inc.) and related entities. Transaction A involves $22,600,000 in consideration ($1,716,000 escrowed for 12+ months). Transaction B involves $4,000,000 in consideration ($232,000 escrowed for 12+ months). Transaction C involves $900,000 in consideration ($800,000 cash with $52,000 escrowed, plus stock equal to $100,000 divided by a board-determined price per share). Transaction D involves $7,124,778 in consideration ($6,624,778 cash plus stock equal to $500,000 divided by a board-determined price per share) for acquisition of Jason Loeb's personal goodwill. The aggregate consideration across all four transactions totals approximately $34,624,778. All closings are expected within 30 to 45 days and are conditioned on simultaneous closing of all four transactions, with a termination date of September 1, 2026.
  https://www.sec.gov/Archives/edgar/data/65312/0001437749-26-024286.txt

## Citations
- 0001437749-26-024286 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000143774926024286