TransAct Technologies (NASDAQ: TACT) extends Ithaca facility lease, resets rent
Rhea-AI Filing Summary
TransAct Technologies Incorporated extended the lease for its primary operating facility at 20 Bomax Drive in Ithaca, New York. The Lease Amendment adds a new term running from April 1, 2026 through September 30, 2031. For the first two years of this extended term, monthly base rent is set at $40,022.13, which is lower than the previous monthly base rent of $43,100.75. Beginning April 1, 2028, the rent escalates annually, rising to $40,822.57 for the period April 1, 2028 through March 31, 2029 and reaching $43,347.04 for the final six months of the extended term.
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8-K Event Classification
Key Figures
Key Terms
Lease Amendment financial
Extended Term financial
monthly base rent financial
primary operating facility financial
Exhibit 10.1 regulatory
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
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| Item 1.01 | Entry into a Material Definitive Agreement. |
On March 31, 2026, TransAct Technologies Incorporated (the “Company”) entered into Amendment No. 6 to Lease Agreement (“Lease Amendment”) with Bomax Holdings LLC (the “Landlord”). The Lease Amendment amends the Company’s lease with the Landlord (as successor to Bomax Properties, LLC) dated July 18, 2001 (as amended by Amendment No. 1 to Lease Agreement, dated as of May 8, 2012, Amendment No. 2 to Lease Agreement, dated as of January 14, 2016, Amendment No. 3 to Lease Agreement, dated as of February 28, 2020, Amendment No. 4 to Lease Agreement, dated as of July 15, 2022, and Amendment No. 5 to Lease Agreement, dated as of May 31, 2024, the “Lease”), with respect to the Company’s primary operating facility located at 20 Bomax Drive, Ithaca, New York 14850 (the “Premises”). The Lease was scheduled to expire on May 31, 2026.
The Lease Amendment extends the term of the Lease for five (5) years and six (6) months, from April 1, 2026 through September 30, 2031 (the “Extended Term”). For the first two years of the Extended Term (April 1, 2026 through March 31, 2028), the monthly base rent will be fixed at $40,022.13. Beginning April 1, 2028, and on each April 1 thereafter through April 1, 2031, the monthly base rent will increase annually, ranging from $40,822.57 for the period April 1, 2028 through March 31, 2029, up to a maximum of $43,347.04 for the final six (6) months of the Extended Term. The previous amount of monthly base rent due under the Lease, prior to the Lease Amendment, was $43,100.75 for the period from May 31, 2025 to the date of the Lease Amendment.
The foregoing summary of the terms of the Lease Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Lease Amendment, a copy of which is filed herewith as Exhibit 10.1.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits:
| Exhibit | Description | |
| 10.1† | Amendment No. 6 to Lease Agreement between Bomax Holdings LLC and TransAct Technologies Incorporated, dated March 31, 2026 | |
| 104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document) |
| † | Certain portions of this exhibit (indicated by “[***]”) have been omitted pursuant to Item 601(b)(10) of Regulation S-K. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| TRANSACT TECHNOLOGIES INCORPORATED | |||
| By: | /s/ Steven A. DeMartino | ||
| Steven A. DeMartino | |||
| President, Chief Financial Officer, Treasurer and Secretary | |||
Date: April 3, 2026