M-tron Industries, Inc. Announces Achievement of Trigger; Warrants Now Exercisable

Rhea-AI Summary

M-tron Industries (NYSE: MPTI) announced that warrants granted April 25, 2025 are now exercisable after the 30‑day VWAP Trigger was reached on October 20, 2025. The Board extended the exercise period through December 11, 2025 (5:00 p.m. ET).

Key terms: 5 warrants required to purchase 1 share of common stock; exercise price $47.50 per share; over‑subscription privilege available; no fractional shares will be issued. Exercise notices and payments must be received by Computershare Trust Company, N.A. by the deadline. Warrant holders in street name should contact their broker for exercise instructions.

Positive

• Warrants became exercisable after VWAP Trigger on Oct 20, 2025
• Exercise price fixed at $47.50 per share
• Over‑subscription privilege allows additional share purchases

Negative

• Conversion rate requires 5 warrants to buy 1 share
• Exercise window closes on Dec 11, 2025 at 5:00 p.m. ET

Insights

Capital Markets Strategist

M-tron enabled warrant exercise after a VWAP trigger, creating a time-limited capital-raising event that may dilute equity if fully exercised.

M-tron has declared the Warrants exercisable because the thirty-day VWAP exceeded $52.00, with five Warrants required to buy one share at an exercise price of $47.50. The Board extended the exercise window through December 11, 2025, and an over-subscription privilege allows participants to request additional shares from any unexercised pool; no fractional shares will be issued.

The business mechanism is straightforward: warrant holders can convert instruments into equity at a fixed price, delivering immediate proceeds to the company if exercised. This increases outstanding shares and reduces per-share ownership for existing holders while providing cash inflow equal to the exercise price times shares issued.

Key dependencies and risks include actual exercise uptake versus the over-subscription take-up and the final amount of cash raised; both determine dilution magnitude and balance-sheet impact. Timing is constrained by the December 11, 2025 deadline and by holders' access to Computershare or their brokers to deliver exercise notices and payments.

Items to watch in the short term: the total number of Warrants exercised (and any over-subscription allocation) and the cash proceeds received by the company by December 11, 2025. Those figures will show the concrete capital raised and the precise dilution effect on the equity base.

ORLANDO, Fla., Oct. 23, 2025 /PRNewswire/ -- M-tron Industries, Inc. (NYSE American: MPTI) ("Mtron" or the "Company") is pleased to announce that the warrants to purchase shares of Mtron's common stock, par value $0.01 per share (the "Common Stock"), granted on April 25, 2025 (the "Warrants") are now exercisable. Furthermore, the Board of Directors has elected to extend the exercise period through Thursday December 11, 2025.

Pursuant to the Warrant Agreement:

• Five (5) Warrants required to purchase one (1) share of Common Stock;
• Common Stock can be purchased at an exercise price of $47.50 per share;
• Over-subscription privilege available to Warrant holders who exercise their Warrants in full, whereby such Warrant holder subscribes for any or all of the shares issuable pursuant to any unexercised Warrants on the terms and subject to the conditions set forth in the Warrant Agreement; and
• No fractional shares will be issued.

The Warrants are exercisable now because the average volume weighted average price ("VWAP") of our Common Stock exceeded $52.00 per share for the prior thirty (30) consecutive trading day period (the "Trigger"). The Trigger was achieved on October 20, 2025.

All exercise notices and payments (including with respect to any exercise of a Warrant holder's over-subscription privilege) must be received by Computershare Trust Company, N.A. no later than 5:00 p.m. on Thursday December 11, 2025. Holders in street name should contact their broker, bank, or other intermediary for information on how to exercise warrants (including pursuant to any exercise of the oversubscription privilege).

For further details, Warrant holders are encouraged to review the Warrant Agreement, the FAQ on our website at ir.mtron.com/financials/2025-Warrants/2025-Warrant-FAQ, or contact ir@mtron.com. The information contained on, or that can be accessed through, our website is not part of this press release or any filing with the Securities and Exchange Commission; we have included this website address solely as an inactive textual reference.

About Mtron
M-tron Industries, Inc. (NYSE American: MPTI) designs, manufactures, and markets highly engineered, high reliability frequency and spectrum control products and solutions. As an engineering-centric company, Mtron provides close support to its customers throughout our products' entire life cycle, including product design, prototyping, production, and subsequent product upgrades. Mtron has design and manufacturing facilities in Orlando, Florida, and Yankton, South Dakota, a sales office in Hong Kong, and a manufacturing facility in Noida, India. For more information, visit www.mtron.com.

Cautionary Note Concerning Forward Looking Statements
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, such as those pertaining to the Company's financial condition, results of operations, business strategy and financial needs. All statements other than statements of current or historical fact contained in this press release are forward-looking statements. The words "believe," "expect," "anticipate," "should," "plan," "will," "may," "could," "intend," "estimate," "predict," "potential," "continue" or the negative of these terms and similar expressions, as they relate to Mtron, are intended to identify forward-looking statements.

These forward-looking statements are largely based on current expectations and projections about future events and financial trends that may affect the financial condition, results of operations, business strategy and financial needs of the Company. They can be affected by inaccurate assumptions, including the risks, uncertainties and assumptions described in the filings made by Mtron with the Securities and Exchange Commission, including those risks set forth under the heading "Risk Factors" in the Company's Annual Report on Form 10-K as filed with the SEC on March 27, 2025. In light of these risks, uncertainties and assumptions, the forward-looking statements in this press release may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements. When you consider these forward-looking statements, you should keep in mind these risk factors and other cautionary statements in this press release.

These forward-looking statements speak only as of the date of this press release. Mtron undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements. For these statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.

View original content to download multimedia:https://www.prnewswire.com/news-releases/m-tron-industries-inc-announces-achievement-of-trigger-warrants-now-exercisable-302593291.html

SOURCE Mtron

FAQ

Why are MPTI warrants exercisable starting October 20, 2025?

The warrants became exercisable because the 30‑day VWAP exceeded $52.00, meeting the Trigger on Oct 20, 2025.

What is the MPTI warrant exercise price and conversion ratio?

Each share can be purchased at an exercise price of $47.50; 5 warrants are required to purchase one share.

What is the deadline to exercise MPTI warrants (symbol MPTI)?

All exercise notices and payments must be received by Computershare by Dec 11, 2025 at 5:00 p.m. ET.

Can MPTI warrant holders subscribe for additional shares?

Yes; an over‑subscription privilege lets warrant holders subscribe for available shares from unexercised warrants on the terms in the Warrant Agreement.

How do MPTI holders in street name exercise their warrants?

Holders in street name should contact their broker, bank, or intermediary for instructions on exercising warrants and any over‑subscription.

Where can I find MPTI warrant details and the FAQ?

Warrant holders can review the Warrant Agreement and the FAQ at ir.mtron.com/financials/2025-Warrants/2025-Warrant-FAQ or contact ir@mtron.com.