By Connor Hart

M-tron Industries received a more than $10 million order from a Defense Department contractor. The company, which engineers electronic components used to control the frequency and timing of signals in electronic circuits, said work under the contract will take place through mid-2026. The order consists of several products which will support a U.S. air-defense system, as well as ones of numerous ally nations, anticipated to be in production past 2029. Shares up 10%, to $53.99, in after-hours trading.

MultiSensor AI Holdings reshuffled its executive team in a move that it said is in preparation for rapid growth. The company, which develops and manufactures infrared-sensor systems, named Peter Baird its chief commercial officer. Robert Nadolny will succeed Baird as head of finance, while Steve Winch will step down as the company's president. The changes will help prepare the company for its next phase of growth, in which it hopes to establish itself as a SaaS leader in predictive maintenance. Shares surge 40%, to $2.80, in post-market trading.

Amesite intends to offer and sell shares of its common stock in a best efforts underwritten public offering, meaning an underwriter will sell as much of the securities being offered as possible. Laidlaw & Company UK and Craft Capital Management are acting as joint book-running managers for the deal. The tech company, which develops and markets B2C and B2B AI-driven solutions, intends to use the proceeds for general corporate purposes. Shares fall 19%, to $3.30, in after-hours trading.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

January 06, 2025 18:42 ET (23:42 GMT)

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