Sigmatron International INC
Market Movers (8-K)
Transom Capital Group has successfully completed its acquisition of SigmaTron International, Inc. for $3.02 per share in cash, resulting in SigmaTron becoming a wholly-owned subsidiary and its common stock ceasing public trading.
Capital raise
SigmaTron International, Inc. announced a procedural extension for the commencement of the tender offer related to its previously announced merger with Transom Axis AcquireCo, LLC.
Delay expected
Worse than expected
SigmaTron International, Inc. has formalized the separation terms for its former Executive Vice President of West Coast Operations, Rajesh B. Upadhyaya, including a $125,000 cash payment and vesting of stock options.
SigmaTron International, Inc. has entered into a merger agreement with Transom Capital Group, LLC, where Transom will acquire SigmaTron for $3.02 per share in cash.
Better than expected
Transom Capital Group will acquire SigmaTron International for $3.02 per share in cash, valuing the electronic manufacturing services company at approximately $83 million.
Better than expected
Rajesh B. Upadhyaya resigned as Executive Vice President, West Coast Operations, of SigmaTron International, Inc. effective April 30, 2025.
Quarterly Earnings (10-Q)
SigmaTron International reports net income of $3.88 million for the third quarter of fiscal year 2025, despite a decrease in net sales and ongoing concerns about the company's ability to continue as a going concern.
Worse than expected
Capital raise
SigmaTron International reported a significant net loss for the quarter ended October 31, 2024, as it navigates debt covenant issues and a decrease in sales.
Worse than expected
Delay expected
Capital raise
10-Q: SigmaTron International Reports Net Loss in Q1 2025 Amidst Debt Restructuring and Sales Decline
SigmaTron International reported a net loss of $3.29 million for the quarter ended July 31, 2024, alongside a decrease in sales and ongoing efforts to address debt and compliance issues.
Worse than expected
Delay expected
Capital raise
10-Q: SigmaTron International Reports Mixed Results in Q3, Navigates Supply Chain and Inflation Challenges
SigmaTron International's Q3 results show a slight revenue increase but a decrease in profitability due to higher costs and interest expenses, while also highlighting ongoing supply chain and inflation challenges.
Worse than expected
Annual Reports (10-K)
SigmaTron International, Inc. completed its acquisition by Transom Capital for $3.02 per share, delisting from Nasdaq after a fiscal year marked by significant financial losses and debt restructuring.
Capital raise
Worse than expected
10-K/A: SigmaTron International Files Amended Annual Report, Adding Key Governance and Compensation Details
SigmaTron International has filed an amendment to its annual report to include previously omitted information regarding directors, executive compensation, and corporate governance.
Worse than expected
Delay expected
SigmaTron International reported a pre-tax loss of $2.8 million for fiscal year 2024, with a 10% decrease in revenue, while navigating supply chain improvements and debt covenant challenges.
Worse than expected
Delay expected
Capital raise
Insider Trading (Form 4)
SigmaTron International Director Bruce J. Mantia disposed of 36,500 shares of common stock at $3.02 per share as part of the company's merger agreement and tender offer.
SigmaTron International Inc. Director Paul J. Plante disposed of 32,000 common shares at $3.02 per share as part of the company's merger with Transom Axis AcquireCo, LLC.
SigmaTron International Inc. President and Director John P. Sheehan disposed of 36,566 shares of common stock at $3.02 per share as part of the company's merger with Transom Axis AcquireCo, LLC.
A director of SigmaTron International Inc. has reported the disposition of 42,000 common shares at $3.02 per share, pursuant to the completion of a tender offer as part of the company's merger agreement.
SigmaTron International's Chief Financial Officer, Frank Cesario, disposed of 30,000 in-the-money stock options as part of the company's merger with Transom Axis AcquireCo, LLC.
A director of SigmaTron International, Inc. disposed of 32,000 shares of common stock at $3.02 per share as part of the company's merger and tender offer completion.
Proxy Statements (Def-14A)
SigmaTron International, Inc. announces its 2024 Annual Meeting of Stockholders to be held on October 22, 2024, to elect directors, ratify the selection of auditors, and conduct advisory votes on executive compensation.
Worse than expected
Schedule 13G - Passive Investments
Beryl Capital Management and its affiliates have reported a complete divestment of their beneficial ownership in Sigmatron International Inc. common stock.
Worse than expected
SCHEDULE 13G: Beryl Capital Management Discloses Significant Stake in Sigmatron International, Reaching 9.7% Ownership
Beryl Capital Management and its affiliates have filed a Schedule 13G, revealing beneficial ownership of 9.7% of Sigmatron International Inc.'s common stock.
The TCW Group, Inc. has disclosed a beneficial ownership of 11.18% of Sigmatron International Inc.'s common stock, holding 770,250 shares as of April 1, 2025.
Peter J Abrahamson has filed a Schedule 13G, disclosing a 9.3% ownership stake in Sigmatron International, Inc. as of December 31, 2024.