WEST WARWICK, R.I., August 26 — AstroNova, Inc. (Nasdaq: ALOT), a leading provider of mission critical identification and marking solutions across the aerospace & defense and labeling & packaging industries, announced that at a Special Meeting of shareholders held virtually earlier today, its shareholders voted to approve the acquisition of the Company by Arcline Investment Management.
Jorik Ittmann, President and Chief Executive Officer of AstroNova, said, “We are pleased to have reached this important milestone and appreciate the support of our shareholders. As we begin AstroNova’s next chapter, we look forward to partnering with Arcline and drawing on its deep experience and institutional capabilities to build on the strengths of our businesses and position them for long-term growth.” More than 99 percent of the votes cast at the special meeting of shareholders voted in favor of the merger agreement representing approximately 64 percent of all issued and outstanding shares of AstroNova common stock as of the July 29, 2026 record date. A majority of shares outstanding in favor of the transaction was required for approval. The final, certified voting results will be reported in a Current Report on Form 8-K to be filed with the U.S. Securities and Exchange Commission.
Under the terms of the Agreement and Plan of Merger, dated as of June 16, 2026, by AstroNova and affiliates of Arcline Investment Management, shareholders will receive $29.00 per share in cash in connection with the closing of the transaction which is expected to be completed on August 26, 2026. AstroNova will become a privately held company, and its common stock will no longer be traded on the Nasdaq.