Sigmatron International, Transom announce expiration of tender offer

Transom Capital Group and SigmaTron International (SGMA) announced that the tender offer to purchase all of the issued and outstanding shares of common stock, par value $0.01 per share of SigmaTron at a purchase price of $3.02 per Share, net to the stockholder in cash without interest and less any required tax withholding expired as scheduled at one minute past 11:59 p.m., Eastern Time, on July 24, 2025 and was not extended. Equiniti Trust Company, the depositary and paying agent for the Offer, has advised Transom that, as of the Expiration Date, 4,401,189 Shares were validly tendered and not validly withdrawn in the Offer, representing 71.9% of the issued and outstanding Shares as of the Expiration Date. Accordingly, all conditions to the Offer have been satisfied. Transom and its affiliate, Transom Axis MergerSub, will promptly accept for payment, and will promptly pay for, all Shares validly tendered and not validly withdrawn in the Offer. The parties expect to consummate the acquisition on July 28, 2025, in accordance with, and subject to the terms of, the definitive agreement for the proposed acquisition.