Electro-Sensors, Inc. completed its merger with steute Industrial Controls, Inc., effective July 30, 2026. Pursuant to the Merger Agreement dated April 20, 2026, each outstanding share of common stock was converted into the right to receive $7.75 in cash per share, subject to tax withholdings. Outstanding compensatory options and restricted stock units were also fully vested and canceled for equivalent cash consideration based on the $7.75 merger price. As a result of the transaction, Electro-Sensors became a wholly owned subsidiary of steute Industrial Controls, Inc., triggering a change in control. The company's common stock ceased trading on the Nasdaq Capital Market on July 30, 2026, and the board of directors was dissolved. Electro-Sensors, Inc. operates in the industrial automation industry, specializing in safety switches and sensors.

Electro-Sensors, Inc. shareholders approved the Agreement and Plan of Merger with steute Industrial Controls, Inc., which will result in the company as a surviving corporation and a wholly owned subsidiary of Parent. The merger remains subject to the satisfaction or waiver of remaining closing conditions. Electro-Sensors, Inc. operates in the industrial sensor manufacturing industry.