secwatch.observer — SEC 8-K summary
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Issuer:     TRANSCAT INC (TRNS)
CIK:        0000099302
Form:       8-K
Filed at:   2023-03-28T23:59:59+00:00
Accession:  0001206774-23-000417
Event type: m_and_a
Sentiment:  positive
Materiality: 0.65
Item codes: 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Transcat acquires TIC-MS for $9.7M; 70% stock, 30% cash
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- Purchase price $9.7 million paid 70% in Transcat common stock (77,387 shares) and 30% cash.
- TIC-MS is an ISO/IEC 17025 accredited calibration lab in St. Louis, MO; founded 1986.
- Existing TIC-MS leadership and staff remain; Transcat plans to co-locate with its existing St. Louis lab.
- Transaction closed March 27, 2023; strengthens Transcat's Midwest calibration services presence.
- Transcat issued shares under Section 4(a)(2) exemption to accredited investors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/99302/000120677423000417/0001206774-23-000417-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/99302/000120677423000417/trns4179691-8k.htm
  HTML page:      https://secwatch.observer/filing/0001206774-23-000417

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