EnerSys to acquire Ultralife for $16.00/share cash in ~$320M deal at 166% premium

ULTRALIFE CORP

Ultralife shareholders will receive $16.00 per share in cash; transaction valued at approximately $320 million including assumption of net debt.
Purchase price represents a 166% premium to Ultralife's closing stock price on October 26, 2026; both boards unanimously approved.
Stockholders beneficially owning approximately 40.3% of Ultralife shares signed tender and support agreements to tender and vote for the merger.
Two-step tender offer followed by a merger under Delaware Section 251(h); conditions include HSR and UK NSIA clearances.
Outside date is April 27, 2027, extendable by two 60-day periods for antitrust; $10.3 million termination fee payable by either party in specified cases.

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