Kostecki Brokerage Pty Ltd entered into a definitive merger agreement will acquire an unknown minority stake in Alloy Steel International, Inc. (OTCPK:AYSI) from its non-controlling shareholders on July 27, 2021. As a part of the transaction, Kostecki Brokerage will pay $2.55 per share representing a total implied market capitalization of $40.6 million. A special committee was formed by the board of directors of Alloy Steel International, unanimously concluding that the transaction with the Kostecki family was in the best interests of the Company's shareholders. Based on the unanimous recommendation of the special committee, the agreement was also approved by the full Alloy Steel International Board. Jaffe Raitt Heuer & Weiss, P.C. acted as a legal adviser to Alloy Steel International and Conner & Winters acted as a legal adviser to the special committee. Davis Graham & Stubbs LLP acted as a legal adviser to Kostecki Brokerage. Tom Ramos of BDO Corporate Finance LLP acted as a financial advisor to Alloy Steel International, Inc.

Kostecki Brokerage Pty Ltd completed the acquisition of unknown minority stake in Alloy Steel International, Inc. (OTCPK:AYSI) from its non-controlling shareholders on September 17, 2021.