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EnerSys to Acquire Ultralife Corporation in a $320 Million All-Cash Transaction

ULBIENS
  • EnerSys agreed to acquire Ultralife Corporation in an all-cash transaction valued at approximately $320 million, including net debt assumption.
  • Ultralife shareholders will receive $16.00 per share in cash, representing a 166% premium to the closing price on October 26, 2026.
  • Both companies' Boards of Directors unanimously approved the merger agreement.
  • The transaction is expected to close in the first quarter of 2027, subject to customary conditions including regulatory approvals & a majority of shares tendered.
  • EnerSys will finance the deal using existing cash on hand without a financing contingency.
  • The merger aims to combine complementary power solutions, expand defense market capabilities, & create a broader FEOC-compliant product portfolio for U.S. Department of War customers.
  • Upon closing, Ultralife Corporation's common stock will be delisted from all public markets.
  • EnerSys intends to file a Schedule TO & Ultralife will file a Schedule 14D-9 with the SEC to commence the tender offer.
  • Forward-looking statements regarding the transaction's timing, success, & integration benefits are included with associated risks.