AstroNova settles MTEX acquisition dispute, acquires Porto property valued at €2.5M

AstroNova, Inc.

Settlement with Eloi Ferreira, Effort, and Atlantiprestigio resolves all claims from May 2024 MTEX acquisition.
Atlantiprestigio transfers industrial property in Porto, Portugal, valued at €2.5 million to AstroNova Portugal.
Lease obligations waived; personal guarantees for MTEX loans by Ferreira released.
Mutual release of all claims; pending arbitration and preventive seizure proceeding terminated.
Property received free of encumbrances except existing seizures in favor of AstroNova Portugal.

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