M-tron CEO Ferrantino departs; Pforr named interim CEO; announces $25M rights offering and FY2024 results beat

M-tron Industries, Inc.

CEO Michael Ferrantino departs, effective Feb 20, 2025; CFO Cameron Pforr becomes Interim CEO.
Rights offering: record date Mar 3, 2025; five rights to buy one share; fully subscribed gross proceeds ~$25M.
Rights trade on NYSE American as 'MPTI RT' from Mar 5 to Mar 20, 2025; expire Mar 21 at 5:00 p.m. ET.
Preliminary FY2024 results to be released Feb 26, 2025; company says results will exceed prior guidance.
Board formed special committee in early 2024 to evaluate M&A as strategic alternative; company plans growth via acquisitions.

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