Ascent completes $45M sale of Bristol Metals to Ta Chen; credit line cut to $30M

ASCENT INDUSTRIES CO.

Sale of BRISMET assets closed April 4, 2025 for ~$45M in cash; proceeds to fund Specialty Chemicals growth.
Revolving credit facility reduced from $60M to $30M with interest rate margin of 1.85%-2.35%.
Tubular Products segment now only includes American Stainless Tubing (ASTI).
Pro forma shows net loss from continuing ops of $13.6M for FY 2024 after removing BRISMET results.
Board amended bylaws to allow dematerialized stock certificates.

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