M-tron Industries (MPTI) Declares Warrant Dividend

M-tron Industries, Inc. (NYSE American: MPTI) today announced that on February 27, 2025, the Board of Directors of the Company declared a dividend of warrants (the "Warrants") to purchase shares of its common stock to holders of record of its common stock as of March 10, 2025 (the "Record Date"), the record date set by the Board of Directors for the dividend.

"We are pleased that with this warrant dividend, shareholders can efficiently participate in a portion of the Company's future value with the flexibility offered through the benefit of time," said Cameron Pforr, Mtron's Interim Chief Executive Officer. "This offering also allows for the Company to further strengthen its balance sheet while providing additional future alternatives for shareholder value creation."

Each holder of the Company’s common stock as of the Record Date will receive one (1) Warrant for each share of common stock owned. Five (5) Warrants will entitle their holder to purchase one (1) share of the Company's common stock at an exercise price of $47.50 per share. The Warrants will be "European style warrants" and will be exercisable on the earlier of (i) their expiration date, which will be the third anniversary of their issuance, and (ii) such date that the 30-day volume weighted average price per share of the Company's common stock is greater than or equal to $52.00 per share (the "Trigger"). At such time the Trigger is activated, the exercise period for the Warrants will then adjust to expire 30 calendar days after the Trigger.

The Warrants are expected to be issued on or around March 11, 2025, and the Company intends to apply the Warrants for listing on the NYSE American on or around such date, subject to NYSE American approval. The Company expects to file with the Securities and Exchange Commission (the "SEC") a prospectus supplement, under its existing shelf registration statement, registering the Warrants and the shares of common stock underlying the Warrants.

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