[8-K] TRANSACT TECHNOLOGIES INC Reports Material Event
TransAct Technologies (TACT) entered a Third Amendment to its headquarters lease, extending the term from November 1, 2025 to December 31, 2029 and reducing the space from approximately 11,000 to 3,630 square feet.
Under the amended lease, monthly base rent for the Premises is $6,806.25. The prior monthly base rent was $19,473.55 for the period from November 1, 2024 to October 31, 2025.
In addition to base rent, the Company will pay 3.20% of any increase in the Landlord’s operating costs over 2025 operating costs and a monthly electric charge. The Landlord, at its expense, will complete the work to separate and demise the new Premises from the existing Premises.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 1.01 | Entry into a Material Definitive Agreement. |
On November 3, 2025, TransAct Technologies Incorporated (the “Company”) entered into a Third Amendment to Lease (“Lease Amendment”) with One Hamden Center, LLC (the “Landlord”). The Lease Amendment amends the Company’s lease with the Landlord (as successor to 2319 Hamden Center I, L.L.C.), dated November 27, 2006 (as amended by the First Amendment to Lease, dated as of January 3, 2017, and the Second Amendment to Lease, dated as of April 30, 2021, the “Lease”), with respect to the Company’s corporate headquarters located at One Hamden Center, 2319 Whitney Avenue, Suite 3-B, Hamden, CT (the “Premises”). The Lease was scheduled to expire on October 31, 2025.
The Lease Amendment provides for an extension of the Lease for an additional four (4) years and two (2) months, from November 1, 2025 to December 31, 2029. The Lease Amendment reduced the leased square foot area of the Premises from approximately 11,000 to 3,630 square feet. Under the Lease, as amended by the Lease Amendment, the monthly base rent for the Premises is $6,806.25. The previous amount of monthly base rent due under the Lease, prior to the Lease Amendment, was $19,473.55 for the period from November 1, 2024 to October 31, 2025. In addition to the base rent, the Lease, as amended by the Lease Amendment, requires the Company to pay 3.20% of any increase in the Landlord’s operating costs with respect to the Premises over 2025 operating costs, and to pay to the Landlord a monthly electric charge.
The Lease Amendment also provides that the Landlord, at the Landlord’s expense, will perform the work to separate and demise the new Premises from the existing Premises.
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 | Third Amendment to Lease, dated as of November 3, 2025, by and between One Hamden Center, LLC and TransAct Technologies Incorporated | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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: November 7, 2025
