TransAct Technologies (NASDAQ: TACT), a global leader in software-driven technology and printing solutions for high-growth markets, has closed an underwritten public offering of 842,375 newly issued shares of its common stock, which includes 109,875 shares per the full exercise of the over-allotment option granted to the underwriters. TransAct secured gross proceeds of approximately $12.2 million, with each of the shares sold at a public offering price of $14.50. The company intends to use the net proceeds from the offering for working capital and other general corporate purposes, which may include funding the further development of TransAct’s food service technology business and related sales, marketing and product development efforts, technology improvements and personnel costs in support of TransAct’s growth strategy. Roth Capital Partners acted as sole book-running manager for the offering.
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About TransAct Technologies Inc.
TransAct Technologies is a global leader in developing software-driven technology and printing solutions for high-growth markets including food service, casino and gaming, POS automation, and oil and gas. The company’s solutions are designed from the ground up based on customer requirements and are sold under the BOHA!(TM), AccuDate(TM), EPICENTRAL(R), Epic, Ithaca(R) and Printrex(R) brands. TransAct has sold over 3.4 million printers, terminals and other hardware devices around the world and is committed to providing world-class service, spare parts and accessories to support its installed product base. For more information, please visit www.TransAct-Tech.com.
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