Item 1.01 Entry into a Material Definitive Agreement.

On May 1, 2023, TransAct Technologies Incorporated (the "Company") and Siena Lending Group LLC (the "Lender") entered into a letter agreement (the "Amendment") amending the Loan and Security Agreement, dated as of March 13, 2020, between the Lender and the Company, as amended (the "Loan Agreement"). The Amendment does not modify the aggregate amount of the revolving commitment or the interest rate applicable to the loans pursuant to the Loan Agreement.

Prior to the effectiveness of the Amendment, Section 7.1(m)(i) of the Loan Agreement provided that if Bart Shuldman, the former Chief Executive Officer ("CEO") of the Company, ceased to serve in such capacity, it would constitute an event of default under the Loan Agreement unless a successor CEO reasonably satisfactory to the Lender was appointed within 60 days thereafter. In light of the recent departure of Mr. Shuldman as CEO of the Company, the appointment of John M. Dillon to serve as his successor, and the Company's receipt of confirmation from the Lender of its satisfaction with Mr. Dillon as successor, the parties entered into the Amendment solely to revise Section 7.1(m)(i) of the Loan Agreement to replace the reference to "Bart Shuldman" with "John M. Dillon." The Amendment does not change any other terms or conditions in the Loan Agreement.

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, a copy of which is filed herewith as Exhibit 10.1 and incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an


           Off-Balance Sheet Arrangement of a Registrant.

The information contained in Item 1.01 is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.






 (d) Exhibits

10.1 Letter Amendment, dated May 1, 2023, to Loan and Security Agreement


      between Siena Lending Group LLC and TransAct Technologies Incorporated

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

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