---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-134802"
form_type: "8-K"
ticker: "ALOT"
cik: "0000008146"
company_name: "AstroNova, Inc."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T07:46:06.644268+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# AstroNova acquires MTEX New Solution for EUR 18M plus up to EUR 4M earn-out

## Summary
- Purchase price: EUR 18M base (EUR 17.27M cash at close + EUR 0.73M holdback) plus up to EUR 4M contingent earn-out.
- Acquisition closed May 6, 2024; MTEX is a Portuguese printing solutions company in label and packaging.
- Funded via new EUR 14M term loan and temporary $30M revolver from Bank of America credit agreement amendment.
- Seller's principal Elói Serafim Alves Ferreira to serve as MTEX CEO for three years under transitional management agreement.
- Earn-out based on Annual Product Revenue targets for FY2024-2026; specific targets redacted as confidential.

## SEC filing metadata
- accession: 0001193125-24-134802
- form_type: 8-K
- ticker: ALOT
- cik: 0000008146
- company_name: AstroNova, Inc.
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/8146/000119312524134802/0001193125-24-134802-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/8146/000119312524134802/d836386d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-134802
- JSON: https://secwatch.observer/filing/0001193125-24-134802.json
- Plain text: https://secwatch.observer/filing/0001193125-24-134802.txt

## Key facts
- Debt Financings
  AstroNova, Inc. amended credit facility of EUR 14,000,000 new term loan and increase in revolving credit facility from $25,000,000 to $30,000,000 with Bank of America, N.A. at EURIBOR plus 1.60%-2.50%; Term SOFR plus 1.60%-2.50% or reference rate plus 0.60 maturing Term A-2 Loan due August 4, 2027; revolving facility due August 4, 2027.
  - Instrument: credit facility
  - Principal: EUR 14,000,000 new term loan and increase in revolving credit facility from $25,000,000 to $30,000,000
  - Counterparty: Bank of America, N.A.
  - Rate: EURIBOR plus 1.60%-2.50%; Term SOFR plus 1.60%-2.50% or reference rate plus 0.60
  - Maturity: Term A-2 Loan due August 4, 2027; revolving facility due August 4, 2027
  - Event: amendment
  source text: Company as borrower, Astro Machine as a guarantor, and the Lender. 2 The Amended Credit Agreement provides for (i) a new term loan to the Company in the principal amount of EUR 14,000,000 (the “ Term A-2 Loan ”), which term loan is in addition to the existing term loan (the “ Existing Term Loan ”) outstanding under the Existing Credit Agreement in the principal
  evidence_url: https://www.sec.gov/Archives/edgar/data/8146/000119312524134802/0001193125-24-134802-index.htm
- Material Agreements
  AstroNova, Inc. entered into Share Purchase Agreement with Effort Premier Solutions Lda. valued at EUR 17,268,345 (effective 2024-05-04).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Effort Premier Solutions Lda.
  - Value: EUR 17,268,345
  - Effective: 2024-05-04
  source text: On May 4, 2024, AstroNova, Inc. (the “ Company ”) as “ First Guarantor ”, along with its wholly-owned Portugal Subsidiary, AstroNova Portugal, Unipessoal, Lda (the “ Purchaser ”) entered into a Share Purchase Agreement (the “ Purchase Agreement ”) with Effort Premier Solutions Lda., a private limited company incorporated under the laws of Portugal (the “ Seller ”) and Elói Serafim Alves Ferreira, as the “ Second Guarantor ”.
  evidence_url: https://www.sec.gov/Archives/edgar/data/8146/000119312524134802/0001193125-24-134802-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.