---
schema_version: "secwatch.filing_event.v1"
accession: "0001206774-23-001147"
form_type: "8-K"
ticker: "TRNS"
cik: "0000099302"
company_name: "TRANSCAT INC"
filed_at: "2023-09-21T23:59:59+00:00"
generated_at: "2026-06-10T11:39:40.190717+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Transcat prices $70M public offering of 736,845 shares at $95.00 per share

## Summary
- Offering of 736,845 shares (plus 30-day underwriter option for 110,526 more) priced at $95/share.
- Expected net proceeds of ~$65.2M after underwriting discounts and expenses.
- Proceeds to repay M&T Bank credit facility, fund working capital, and general corporate purposes.
- Oppenheimer & Co. sole book-runner; Craig-Hallum lead manager; Northland and Roth co-managers.
- Offering expected to close on or about September 25, 2023, subject to customary conditions.

## SEC filing metadata
- accession: 0001206774-23-001147
- form_type: 8-K
- ticker: TRNS
- cik: 0000099302
- company_name: TRANSCAT INC
- filed_at: 2023-09-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/99302/000120677423001147/0001206774-23-001147-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/99302/000120677423001147/trns4243661-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001206774-23-001147
- JSON: https://secwatch.observer/filing/0001206774-23-001147.json
- Plain text: https://secwatch.observer/filing/0001206774-23-001147.txt

## Key facts
- Material Agreements
  TRANSCAT INC entered into Underwriting Agreement with Oppenheimer & Co. Inc., as representative of the several underwriters named in Schedule I thereto valued at public offering price of $95.00 per share, net proceeds to the Company expected to be approximately (effective 2023-09-21).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Oppenheimer & Co. Inc., as representative of the several underwriters named in Schedule I thereto
  - Value: public offering price of $95.00 per share, net proceeds to the Company expected to be approximately
  - Effective: 2023-09-21
  source text: On September 21, 2023, Transcat, Inc. (the "Company" or "Transcat") entered into an underwriting agreement (the "Underwriting Agreement") with Oppenheimer & Co. Inc. , as representative of the several underwriters named in Schedule I thereto (the "Underwriters"), in connection with the offer and sale of 736,845 shares of the Company’s common stock
  evidence_url: https://www.sec.gov/Archives/edgar/data/99302/000120677423001147/0001206774-23-001147-index.htm

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