MPTI News & Events

M-tron Industries announced the preliminary results of its rights offering. The Rights Offering commenced on March 31 and expired on April 20. 2,700,249 basic subscription rights were exercised to purchase an aggregate of 540,049 shares of the company's common stock, par value 1c, and 791,976 additional shares of common stock were subscribed for under the oversubscription privilege, subject to proration. The Rights Offering was oversubscribed. Subscription rights holders who exercised their Oversubscription Privilege will receive the available shares of common stock pro rata among such oversubscribing rightsholders in proportion to the number of shares of common stock that each such rightsholder requested in the oversubscription privilege. Excess amounts for any oversubscribed shares of common stock will be refunded to applicable rightsholders as soon as practicable via check without interest or deduction. The shares of common stock to be issued at the closing of the rights offering will be purchased at the subscription price of $59.00 per share. The company expects the subscription agent to distribute the shares of Common Stock and the proceeds from the Rights Offering on or about April 24.

M-Tron Industries announced an order for approximately $2.7M from one of the rising U.S. Department of Defense contractors in support of a major C-UAS radar program. The order consists of several products, including high performance, oven-controlled crystal oscillators. We are pleased to secure this $2.7M contract, which reflects both the strength of our new product offering and the growing demand we're seeing across our target markets," said Cameron Pforr, M-Tron Chief Executive Officer. "This win not only adds meaningful visibility to our near-term revenue, but also reinforces the trust customers are placing in our ability to deliver high-quality, reliable solutions. Radar applications are an area in which we are seeing explosive growth as we help address the changing needs of the joint forces on the modern battlefield." Work under this contract will take place in Orlando, Florida through mid-2027.

The company said, "The increase reflects the continued strategy and focus on securing large, long duration program centric business, which can materially affect backlog to the timing and size of these orders. In addition, in 2025, the Company closed several multi-year orders, which extends our backlog out through 2028."