TRANSACT TECHNOLOGIES INC 8-K

What Happened

• TransAct Technologies Incorporated announced on December 30, 2025 that it agreed with Avery Dennison Corporation and StreemSoft LLC (formerly ZippyYum LLC) to terminate a set of license and development agreements (the MLA, the MDLA, a subcontract, and a related sale-accommodation agreement).
• The termination follows TransAct’s previously announced Source Code Purchase and Perpetual License Agreement and Transition Statement of Work (each dated August 5, 2025), under which TransAct acquired a royalty‑free, perpetual license to a copy of the BOHA! source code. The termination will be effective as of “Completion” or “Project Completion” as defined in that transition agreement; confidentiality obligations from the terminated License Agreements will survive.

Key Details

• Termination agreement dated December 30, 2025.
• Agreements terminated include: Master License Agreement (Feb 22, 2019, as amended) and Master Development and License Agreement (July 20, 2018), plus related March 2021 subcontract and March 16, 2021 sale-accommodation agreement.
• The Source Code Transition Agreement (Aug 5, 2025) granted TransAct a royalty‑free license to the BOHA! source code.
• TransAct did not incur any early termination penalties in connection with ending the License Agreements.

Why It Matters

• The terminated agreements had provided for StreemSoft to develop and maintain portions of TransAct’s food‑service software, host web applications, and share revenue with TransAct; ending them stops those contractual arrangements.
• With a perpetual, royalty‑free license to the BOHA! source code, TransAct has rights to a copy of the software source code, which can affect future development, hosting, and fee obligations under the prior agreements.
• For investors, this is a material contract change that may reduce ongoing licensing or revenue‑sharing obligations tied to the prior agreements; confidentiality obligations from the old agreements remain in effect.