AstroNova, Inc. Announces $29/Share Merger Approval

What Happened

• AstroNova, Inc. announced that at a Special Meeting of Shareholders on August 25, 2026, shareholders approved the Agreement and Plan of Merger (dated June 16, 2026) under which Orion MergerCo X, Inc. (a subsidiary of Orion Merger Parent, Inc.) will merge with and into AstroNova. Under the Merger, each outstanding share of AstroNova common stock (other than excluded shares) will be converted into the right to receive $29.00 per share in cash, and AstroNova will become a wholly owned subsidiary of the Parent.

Key Details

• Record date/share count: 7,841,201 shares outstanding as of July 29, 2026.
• Votes present: 5,038,028 shares were present in person or by proxy at the Special Meeting.
• Merger vote: For 5,027,868; Against 4,693; Abstain 5,467 — Merger Proposal approved.
• Advisory compensation vote (non‑binding): For 4,665,400; Against 296,773; Abstain 75,855 — advisory approval.
• Adjournment proposal was not submitted because there were sufficient votes to approve the Merger.
• Company issued a press release on August 25, 2026 announcing the results (attached as Exhibit 99.1 in the 8‑K).

Why It Matters

• Shareholder approval is a key required step toward closing the transaction; if the Merger closes as agreed, public shareholders will receive $29.00 per share in cash and AstroNova will become a wholly owned subsidiary of the acquiring parent.
• The advisory vote on executive compensation related to the Merger passed (non‑binding), meaning shareholders generally supported the disclosed transaction‑related pay arrangements, though the board can consider the result rather than being legally bound by it.
• Investors should watch for further filings or announcements describing satisfaction of closing conditions, timing of the closing, and any changes to the merger terms.