[SCHEDULE 13D/A] Transact Technologies Inc SEC Filing

Rhea-AI Filing Summary

Harbert-related investors report a 5.4% stake in Transact Technologies (TACT), holding 540,095 shares out of 10,092,326 outstanding. The position is held collectively by Harbert Discovery Fund, its general partner and affiliated entities and individuals, each sharing voting and dispositive power over the 540,095 shares. The fund states purchases were made from its working capital and no borrowed funds were used except ordinary working capital borrowings. The filing also amends prior disclosures to state that the cooperation agreement with 325 Capital Master Fund LP entered on March 30, 2022 is no longer in effect. Apart from transactions listed in Exhibit C, no other share transactions occurred in the last 60 days.

Positive

• Clear disclosure of aggregate beneficial ownership: 540,095 shares representing 5.4% of outstanding shares
• Explicit statement that purchases were funded from the Fund's working capital, not from new leverage
• Termination of prior cooperation agreement with 325 Capital reduces previously disclosed external coordination

Negative

• Shared voting power among multiple Harbert entities may complicate governance transparency for other shareholders
• No details provided on any future intentions or plans regarding engagement with Transact Technologies management

Insights

Financial Analyst

TL;DR: Harbert group now discloses a 5.4% passive stake in TACT with shared voting control; cooperative pact with 325 Capital is terminated.

The Schedule 13D/A documents a non-controlling, but potentially influential, 5.4% position in Transact Technologies held across Harbert entities and principals. The disclosure clarifies voting and dispositive authority is shared among the reporting persons, indicating coordinated ownership and decision-making authority rather than independent stakes. The note that the prior cooperation agreement with 325 Capital is no longer in effect removes an earlier collaborative arrangement that could have affected joint engagement strategies. For investors, this filing updates ownership structure and governance alignment without indicating imminent activist actions or changes to company operations.

Corporate Governance Expert

TL;DR: Shared voting/dispositive power over 5.4% signals coordinated Harbert oversight but falls short of control thresholds.

The reporting persons jointly claim shared voting and dispositive power over 540,095 shares, which may enable coordinated engagement with management or proposals but does not constitute control. The termination of the cooperation agreement with 325 Capital removes a prior formal coordination channel, simplifying the disclosed governance relationships. No litigation or regulatory issues are disclosed for the principals, and Exhibit B/Exhibit A references suggest internal governance and joint-filing protocols are in place for unified disclosure. Overall, the filing documents a material minority stake with potential governance interest but no explicit plan of action.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 5)

TRANSACT TECHNOLOGIES INC

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

892918103

(CUSIP Number)

John McCullough
c/o Harbert Discovery Fund, LP, 2100 Third Avenue North Suite 600
Birmingham, AL, 35203
205-987-5500

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

09/02/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 892918103

1

Name of reporting person

HARBERT DISCOVERY FUND LP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 540,095.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 540,095.00

11

Aggregate amount beneficially owned by each reporting person

540,095.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

5.4 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP No. 892918103

1

Name of reporting person

HARBERT DISCOVERY FUND GP, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 540,095.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 540,095.00

11

Aggregate amount beneficially owned by each reporting person

540,095.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

5.4 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP No. 892918103

1

Name of reporting person

HARBERT FUND ADVISORS, INC.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

ALABAMA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 540,095.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 540,095.00

11

Aggregate amount beneficially owned by each reporting person

540,095.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

5.4 %

14

Type of Reporting Person (See Instructions)

CO, IA

SCHEDULE 13D

CUSIP No. 892918103

1

Name of reporting person

HARBERT MANAGEMENT CORPORATION

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

ALABAMA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 540,095.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 540,095.00

11

Aggregate amount beneficially owned by each reporting person

540,095.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

5.4 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

CUSIP No. 892918103

1

Name of reporting person

Jack Bryant

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 540,095.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 540,095.00

11

Aggregate amount beneficially owned by each reporting person

540,095.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

5.4 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

CUSIP No. 892918103

1

Name of reporting person

LUCAS KENAN

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 540,095.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 540,095.00

11

Aggregate amount beneficially owned by each reporting person

540,095.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

5.4 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

CUSIP No. 892918103

1

Name of reporting person

HARBERT RAYMOND J.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 540,095.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 540,095.00

11

Aggregate amount beneficially owned by each reporting person

540,095.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

5.4 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, par value $0.01 per share
(b)	Name of Issuer: TRANSACT TECHNOLOGIES INC
(c)	Address of Issuer's Principal Executive Offices: One Hamden Center, 2319 Whitney Avenue, Suite 3b, Hamden, CONNECTICUT , 06518.
Item 2.	Identity and Background
(a)	This Schedule 13D is being filed jointly by: (i) Harbert Discovery Fund, LP, a Delaware limited partnership (the "Fund"), (ii) Harbert Discovery Fund GP, LLC, a Delaware limited liability company (the "Fund GP"), (iii) Harbert Fund Advisors, Inc., an Alabama corporation ("HFA"), (iv) Harbert Management Corporation, an Alabama corporation ("HMC"), (v) Jack Bryant, a United States citizen, (vi) Kenan Lucas, a United States citizen, and (vii) Raymond Harbert, a United States citizen. Each of the Fund, the Fund GP, HFA, HMC, Mr. Bryant, Mr. Lucas and Mr. Harbert are referred to as a "Reporting Person" and collectively as the "Reporting Persons." Each of the Reporting Persons is party to that certain Joint Filing Agreement attached hereto as Exhibit A. Accordingly, the Reporting Persons are hereby filing a joint Schedule 13D. The Fund is a private investment fund. The Fund GP is the Fund's general partner. HFA is an investment adviser registered with the United States Securities and Exchange Commission and the investment adviser to the Fund. HMC Is the parent of HFA. Mr. Lucas is the Managing Director and Portfolio Manager of the Fund GP. Mr. Bryant is an Executive Vice President and Senior Managing Director of HMC. Mr. Harbert is the Chairman and Chief Executive Officer of HMC and HFA. Set forth on Exhibit B attached hereto is the name and present principal occupation or employment, principal business address and citizenship of the executive officers and directors of HFA and HMC. To the best of the Reporting Persons' knowledge, except as otherwise set forth herein, none of the persons listed on Exhibit B beneficially owns any securities of the Issuer or is a party to any contract, agreement or understanding required to be disclosed herein.
(b)	The principal business address for each of the Reporting Persons is 2100 Third Avenue North, Suite 600, Birmingham, Alabama 35203.
(c)	The principal business of the Fund is purchasing, holding and selling securities for investment purposes. The principal business of the Fund GP is serving as the general partner of the Fund. The principal business of HMC and its wholly-owned subsidiary HFA is serving as an alternative asset management firm to various private funds, including the Fund. The principal occupation of Mr. Lucas is serving as the Managing Director and Portfolio Manager of the Fund GP and as the portfolio manager for other clients. The principal occupation of Mr. Bryant is serving as an Executive Vice President and Senior Managing Director of HMC. The principal occupation of Mr. Harbert is serving as the Chairman and Chief Executive Officer of HMC and HFA.
(d)	No Reporting Person or any person listed on Exhibit B has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e)	No Reporting Person or any person listed on Exhibit B has, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or state securities laws or finding any violation with respect to such laws.
Item 3.	Source and Amount of Funds or Other Consideration
	The funds for the purchase of the Shares previously owned by the Fund came from the working capital of the Fund, over which HFA, HMC, the Fund GP, Jack Bryant, Kenan Lucas and Raymond Harbert, through their roles described above in Item 2(c), exercise investment discretion. No borrowed funds were used to purchase the Shares, other than borrowed funds used for working capital purposes in the ordinary course of business.
Item 4.	Purpose of Transaction
	Item 4 of this Schedule 13D is hereby amended and supplemented to report that the cooperation agreement entered into by the Fund and 325 Capital Master Fund LP on March 30, 2022 previously discussed in Item 4 and disclosed on Exhibit C of the Schedule 13D Amendment No. 4 filed on March 31, 2022 is no longer in effect.
Item 5.	Interest in Securities of the Issuer
(a)	As of the date hereof, HFA, HMC, Raymond Harbert, the Fund GP, the Fund, Jack Bryant and Kenan Lucas may be deemed to be the beneficial owners of 540,095 Shares, constituting 5.4% of the Shares, based upon 10,092,326* Shares outstanding as of the date hereof.
(b)	HFA has the sole power to vote or direct the vote of 0 Shares; has the shared power to vote or direct the vote of 540,095 Shares; has the sole power to dispose or direct the disposition of 0 Shares; and has the shared power to dispose or direct the disposition of 540,095 Shares. HMC has the sole power to vote or direct the vote of 0 Shares; has the shared power to vote or direct the vote of 540,095 Shares; has the sole power to dispose or direct the disposition of 0 Shares; and has the shared power to dispose or direct the disposition of 540,095 Shares. The Fund GP has the sole power to vote or direct the vote of 0 Shares; has the shared power to vote or direct the vote of 540,095 Shares; has the sole power to dispose or direct the disposition of 0 Shares; and has the shared power to dispose or direct the disposition of 540,095 Shares. The Fund has the sole power to vote or direct the vote of 0 Shares; has the shared power to vote or direct the vote of 540,095 Shares; has the sole power to dispose or direct the disposition of 0 Shares; and has the shared power to dispose or direct the disposition of 540,095 Shares. Jack Bryant has the sole power to vote or direct the vote of 0 Shares; has the shared power to vote or direct the vote of 540,095 Shares; has the sole power to dispose or direct the disposition of 0 Shares; and has the shared power to dispose or direct the disposition of 540,095 Shares. Kenan Lucas has the sole power to vote or direct the vote of 0 Shares; has the shared power to vote or direct the vote of 540,095 Shares; has the sole power to dispose or direct the disposition of 0 Shares; and has the shared power to dispose or direct the disposition of 540,095 Shares. Raymond Harbert has the sole power to vote or direct the vote of 0 Shares; has the shared power to vote or direct the vote of 540,095 Shares; has the sole power to dispose or direct the disposition of 0 Shares; and has the shared power to dispose or direct the disposition of 540,095 Shares. *This outstanding Shares figure reflects the number of outstanding Shares on July 31, 2025, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the SEC on August 12, 2025.
(c)	Except for the transactions reported in Exhibit C, there have been no transactions by the Reporting Persons in the Shares within the last 60 days.
(d)	Not applicable.
(e)	Not applicable.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	The Reporting Persons' response to Item 4 is incorporated by reference into this Item 6.
Item 7.	Material to be Filed as Exhibits.
	Exhibit A: Joint Filing Agreement Exhibit B: 2025 Officers and Directors of HFA and HMC Exhibit C: Schedule of Transactions in Shares

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

HARBERT DISCOVERY FUND LP

Signature:	By: Harbert Discovery Fund GP, LLC, its General Partner, By: Harbert Management Corporation, its Managing Member, /s/ John McCullough
Name/Title:	John McCullough / Executive Vice President and General Counsel
Date:	09/04/2025

HARBERT DISCOVERY FUND GP, LLC

Signature:	By: Harbert Management Corporation, its Managing Member, /s/ John McCullough
Name/Title:	John McCullough / Executive Vice President and General Counsel
Date:	09/04/2025

HARBERT FUND ADVISORS, INC.

Signature:	By John McCullough, /s/ John McCullough
Name/Title:	John McCullough / Executive Vice President and General Counsel
Date:	09/04/2025

HARBERT MANAGEMENT CORPORATION

Signature:	By John McCullough, /s/ John McCullough
Name/Title:	John McCullough / Executive Vice President and General Counsel
Date:	09/04/2025

Jack Bryant

Signature:	By Jack Bryant, /s/ Jack Bryant
Name/Title:	Jack Bryant
Date:	09/04/2025

LUCAS KENAN

Signature:	By Kenan Lucas, /s/ Kenan Lucas
Name/Title:	Kenan Lucas
Date:	09/04/2025

HARBERT RAYMOND J.

Signature:	By Raymond Harbert, /s/ Raymond Harbert
Name/Title:	Raymond Harbert
Date:	09/04/2025

FAQ

How many Transact Technologies (TACT) shares do Harbert-related reporting persons own?

The reporting persons beneficially own 540,095 shares, representing 5.4% of the issuer's 10,092,326 outstanding shares as reported.

Do Harbert entities have voting control over the TACT shares reported?

The filing states the Harbert reporting persons have shared voting and dispositive power over all 540,095 shares and no sole voting or dispositive power.

Were the shares purchased using borrowed funds?

No borrowed funds were used to purchase the shares other than borrowings used for ordinary working capital purposes; purchases came from the Fund's working capital.

Is there an ongoing cooperation agreement between Harbert and 325 Capital regarding TACT?

No. The filing amends prior disclosures to state the cooperation agreement with 325 Capital Master Fund LP entered on March 30, 2022 is no longer in effect.

Have there been recent transactions in TACT shares by the reporting persons?

Except for transactions reported in Exhibit C, the reporting persons state no transactions in the last 60 days.