Electro-Sensors to be acquired by steute Industrial Controls for US $7.75 a share

• Electro-Sensors entered merger agreement on April 20, 2026 with steute Industrial Controls, with Steute Burwell set to merge into Electro-Sensors.
• Transaction would convert each outstanding Electro-Sensors common share into right to receive US $7.75 in cash, excluding dissenting shares and shares held by Electro-Sensors, steute, or merger sub.
• Electro-Sensors would survive merger as wholly owned subsidiary of steute Industrial Controls.
• Closing requires shareholder approval, no injunction, and no material adverse effect.
• Electro-Sensors would owe US $1 million termination fee under certain circumstances, with expense reimbursement up to US $300,000.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Electro-Sensors Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001554855-26-000735), on April 24, 2026, and is solely responsible for the information contained therein.