HAMDEN, Conn.–(BUSINESS WIRE)–TransAct Applied sciences Included (Nasdaq:TACT) (“TransAct,” the “Firm,” “we” or “our”), a worldwide chief in software-driven expertise and printing options for high-growth markets, at this time introduced the closing of an underwritten public providing of 1,380,000 newly issued shares of its frequent inventory, together with 180,000 shares offered on account of the train in stuffed with the overallotment choice granted to the underwriters, at a beforehand disclosed value of $7.10 per share. The proceeds to the Firm from the providing have been roughly $9.eight million earlier than deducting underwriting reductions and commissions and estimated providing bills payable by the Firm.
Roth Capital Companions acted as the only real book-running supervisor for the providing, and Barrington Analysis Associates, Inc. acted as co-manager for the providing.
TransAct intends to make use of the online proceeds from the providing for working capital and different basic company functions, which can embody funding the additional growth of TransAct’s meals service expertise enterprise and associated gross sales, advertising and marketing and product growth efforts, expertise enhancements and personnel prices in assist of TransAct’s development technique.
A shelf registration assertion referring to the shares of frequent inventory issued within the providing was filed with the Securities and Trade Fee (the “SEC”) on August 17, 2020 and is efficient. This press launch shall not represent a proposal to promote or the solicitation of a proposal to purchase any of the securities described herein, nor shall there be any sale of those securities in any state or jurisdiction through which such provide, solicitation or sale could be illegal previous to registration or qualification below the securities legal guidelines of any such state or jurisdiction. A ultimate prospectus complement and accompanying base prospectus referring to and describing the ultimate phrases of the providing have been filed with the SEC and could also be obtained from Roth Capital Companions, LLC, 888 San Clemente, Newport Seaside, CA 92660, by electronic mail at firstname.lastname@example.org or by phone at (800) 678-9147, or by accessing the SEC’s web site, www.sec.gov.
About TransAct Applied sciences Included
TransAct Applied sciences Included is a worldwide chief in creating software-driven expertise and printing options for high-growth markets together with meals service, on line casino and gaming, POS automation, and oil and gasoline. The Firm’s options are designed from the bottom up based mostly on buyer necessities and are offered below the BOHA! ™, AccuDate™, EPICENTRAL®, Epic®, Ithaca® and Printrex® manufacturers. TransAct has offered over 3.four million printers and terminals all over the world and is dedicated to offering world-class service, spare components and equipment to assist its put in product base. By the TransAct Providers Group, the Firm additionally offers clients with an entire vary of provides and consumable objects each on-line at http://www.transactsupplies.com and thru its direct gross sales crew. TransAct is headquartered in Hamden, CT. For extra info, please go to http://www.transact-tech.com or name (203) 859-6800.
TransAct®, BOHA!™, AccuDate™, EPICENTRAL®, Epic®, Ithaca® and Printrex® are emblems of TransAct Applied sciences Included. ©2020 TransAct Applied sciences Included. All rights reserved.
Sure statements on this press launch embody forward-looking statements. Ahead-looking statements usually may be recognized by way of forward-looking terminology, reminiscent of “might,” “will,” “anticipate,” “intend,” “estimate,” “anticipate,” “consider,” “mission,” “plan” or “proceed,” or the destructive thereof, or different related phrases. All forward-looking statements contain dangers and uncertainties, together with, however not restricted to, the hostile impact of the COVID-19 pandemic on our enterprise, operations, monetary situation, outcomes of operations and capital sources, together with on account of provide chain disruptions, shutdowns and/or operational restrictions imposed on our clients, lack of ability of our clients to make funds on time or in any respect, diversion of administration consideration, vital modifications to our enterprise practices and operations, value slicing measures now we have made and will proceed to make, a attainable future discount within the worth of goodwill or different intangible belongings, insufficient manufacturing capability or a shortfall or extra of stock on account of problem in predicting manufacturing necessities attributable to risky financial circumstances, value will increase or decreased availability of element components or uncooked supplies, change fee fluctuations, volatility of and reduces in buying and selling costs of our frequent inventory and the supply of wanted financing on acceptable phrases or in any respect; our means to efficiently develop new merchandise that garner buyer acceptance and generate gross sales, each domestically and internationally, within the face of considerable competitors from opponents which have broader traces of merchandise and better monetary sources; our means to efficiently transition our enterprise into the meals service expertise market; our means to remediate the fabric weaknesses over inner management over monetary reporting; dangers related to potential future acquisitions; basic financial circumstances in america, Australia, Europe and Asia; our dependence on contract producers for the manufacturing and meeting of a giant portion of our merchandise in Asia; our dependence on important suppliers; our means to recruit and retain high quality workers because the Firm grows; our dependence on third events for gross sales outdoors america, together with in Australia and Asia; market acceptance of latest merchandise; dangers related to overseas operations; the supply of third-party elements at affordable costs; value wars or different important pricing pressures affecting the Firm’s merchandise in america or overseas; elevated product prices or lowered buyer demand for our merchandise attributable to modifications in U.S. coverage that will lead to commerce wars or tariffs; our means to guard mental property; the impact on world financial circumstances, monetary markets and our enterprise from the UK’s withdrawal from the European Union; and different threat elements detailed within the Firm’s annual report on Type 10-Okay for the yr ended December 31, 2019, quarterly experiences for the quarters ended March 31, 2020 and June 30, 2020, and different experiences filed with the SEC. Precise outcomes might differ materially from these mentioned in, or implied by, the forward-looking statements. The forward-looking statements communicate solely as of the date of this launch, and the Firm assumes no obligation to replace them to mirror new, altering or unanticipated occasions or circumstances, besides as required by relevant legislation.