TransAct Technologies Incorporated (NasdaqGM:TACT) acquired Perpetual License to BOHA! Source Code from Avery Dennison Corporation for $2.6 million on August 5, 2025. Pursuant to the Source Code Transition Agreement, the Company will pay Avery Dennison the $2.55 million Purchase Price in three milestone installments. The first installment of $1.0 million is payable on the effective date of the Source Code Transition Agreement; the second installment of $0.775 million is payable upon acceptance of the hosting environment configuration phase under the SOW; and the third and final installment of $0.775?million is payable at the earlier of (i) completion of the support phase under the SOW and (ii) 12?months after the effective date of the Source Code Transition Agreement. In addition, in consideration for the transition services under the SOW, the Company will pay Avery Dennison fixed professional services fees of $1.007?million, in installments tied to project phases that run from Code delivery through platform cutover, support and data migration.

TransAct Technologies Incorporated (NasdaqGM:TACT) completed the acquisition of Perpetual License to BOHA! Source Code from Avery Dennison Corporation on August 5, 2025.