On May 15, 2026 we, together with our subsidiaries AstroNova Portugal, Unipessoal ("AstroNova Portugal") and MTEX New Solution, S.A. ("MTEX") entered into a settlement (the "Settlement") with Eloi Serafim Alves Ferreira, Effort Premier Solutions, LDA. ("Effort") and Atlantiprestigio - Imobiliaria, S.A. ("Atlantiprestigio") pursuant to which the parties agreed to resolve and release any and all claims against one another arising out of and relating to the acquisition of MTEX by AstroNova Portugal in May 2024.

Under the terms of the Settlement, among other things, Atlantiprestigio will transfer to AstroNova Portugal an industrial property located in Porto, Portugal (the "Property"), which is currently leased by MTEX from Atlantiprestigio, and Atlantiprestigio will waive its right to receive any amounts from MTEX under the lease agreement relating to the Property. For purposes of the settlement, the parties agreed that the value of the Property is €2.5 million. Simultaneously with the execution of the Settlement, we and AstroNova Portugal agreed to cause Mr. Ferreira and his spouse to be released from certain personal guarantees for loans extended to MTEX.

Upon the completion of the definitive registration of the Property in the name of AstroNova Portugal with the appropriate governmental authorities in Portugal, we, AstroNova Portugal, Mr. Ferreira and Effort agreed to terminate the currently pending arbitration proceedings pending in the Arbitration Center in Oporto, Portugal. The Settlement includes a mutual release of all claims between the parties and an agreement with regard to the allocation of the costs of the arbitration.

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