AstroNova Completes $241.9M All-Cash Acquisition by Arcline at $29.00/Share
ALOT has more than doubled off its 52-week low of $6.96.
Summary
AstroNova's acquisition by Arcline Investment Management closed today at $29.00 per share in cash, totaling approximately $241.9 million. The stock delists from Nasdaq and shareholders receive payment within three business days.
Key Events · M&A and Partnerships · ALOT
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Merger Completed at $29.00/Share
Arcline affiliates acquired all outstanding AstroNova common stock for $29.00 per share in cash, with total consideration of approximately $241.9 million based on 8,406,925 shares including equity awards.
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Nasdaq Delisting and Trading Suspension
Trading suspended after the close on August 26, 2026. Form 25 filed to delist from Nasdaq Global Market and Form 15 to terminate SEC registration.
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Credit Facility Repaid in Full
All obligations under the Amended and Restated Credit Agreement with Bank of America were repaid and the agreement terminated, with all liens and guarantees released.
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Board and Management Replaced
All seven directors resigned effective immediately prior to the merger. Thomas W. Carll and Padraig Finn elected as new directors; Jorik Ittmann continues as President and CEO.
Analysis · ALOT · Technology
The merger closes as expected, converting every outstanding share into $29.00 cash. Total consideration is approximately $241.9 million for 8.4 million shares including equity awards. Trading halts after today's close and the stock delists from Nasdaq. The Bank of America credit facility is repaid in full, the entire board resigns, and the 2018 equity plan terminates. For shareholders, this is the final step: cash will be distributed within three business days via Computershare.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 41.1% of the 372 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.38%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ALOT was trading at $28.98 on NASDAQ in the Technology sector, with a market capitalization of approximately $227.3M. The 52-week trading range was $6.96 to $29.00. This filing was assessed with neutral market sentiment and an importance score of 9 out of 10.