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 1,380,000 newly issued shares of its common stock, including 180,000 additional shares per the full exercise of the over-allotment option granted to the underwriters. According to the update, TransAct Technologies secured approximately $10 million in gross proceeds, with each of the shares sold at the public offering price of $7.10. TransAct intends to use the proceeds for working capital and general corporate purposes, which may include funding further development of its food service technology business and related sales, marketing and product development efforts, technology improvements and personnel costs in support of its growth strategy. ROTH Capital Partners acted as sole book-running manager for the offering.
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About TransAct Technologies Incorporated
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(R), Ithaca(R) and Printrex(R) brands. TransAct has sold over 3.4 million printers and terminals around the world and is committed to providing world-class service, spare parts and accessories to support its installed product base. Through the TransAct Services Group, the company also provides customers with a complete range of supplies and consumable items both online at www.TransActSupplies.com and through its direct sales team. TransAct is headquartered in Hamden, Connecticut. For more information, please visit www.TransAct-Tech.com.
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