Exhibit 99.1

TransAct Technologies Announces Proposed PublicOffering of Common Stock

Hamden, CT – August 11, 2021 –TransAct Technologies Incorporated (Nasdaq: TACT) (“TransAct,” the “Company,” “we” or “our”),a global leader in software-driven technology and printing solutions for high-growth markets, today announced that it intends to offernewly issued shares of its common stock in an underwritten public offering. TransAct also expects to grant to the underwriters of theoffering a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the underwritten public offeringon the same terms and conditions.

Roth Capital Partners is acting as the sole book-runningmanager for the offering, and Craig-Hallum Capital Group is acting as co-manager for the offering. The offering is subject to market andother conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the size or terms of theoffering.

TransAct intends to use the net proceeds fromthe offering for working capital and other general corporate purposes, which may include funding the further development of TransAct’sfood service technology business and related sales, marketing and product development efforts, technology improvements and personnel costsin support of TransAct’s growth strategy.

A shelf registration statement relating to theshares of common stock to be issued in the proposed offering was filed with the Securities and Exchange Commission (the “SEC”)on August 17, 2020 and is effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy anyof the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer,solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.Copies of the preliminary prospectus supplement and accompanying prospectus will be filed with the SEC and, when available, may be obtainedfrom Roth Capital Partners, LLC, 888 San Clemente, Suite 400, Newport Beach, CA 92660, by email at rothecm@roth.com or by telephone at(800) 678-9147, or by accessing the SEC’s website, www.sec.gov.

About TransAct Technologies Incorporated

TransAct Technologies Incorporated is a globalleader in developing software-driven technology and printing solutions for high-growth markets including food service, casino and gaming,POS automation, and oil and gas. The Company’s solutions are designed from the ground up based on customer requirements and aresold under the BOHA! ™, AccuDate™, EPICENTRAL®, Epic, Ithaca® and Printrex® brands. TransAct has sold over 3.5million printers, terminals and other hardware devices around the world and is committed to providing world-class service, spare partsand accessories to support its installed product base. Through the TransAct Services Group, the Company also provides customers with acomplete range of supplies and consumable items both online at http://www.transactsupplies.com and through its direct sales team. TransActis headquartered in Hamden, CT. For more information, please visit http://www.transact-tech.com or call (203) 859-6800.

TransAct®, BOHA!™, AccuDate™,Epic, EPICENTRAL®, Ithaca® and Printrex® are trademarks of TransAct Technologies Incorporated. ©2021 TransAct TechnologiesIncorporated. All rights reserved.

Forward-Looking Statements

Certain statements in this press release includeforward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology, such as“may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,”“project,” “plan” or “continue,” or the negative thereof, or other similar words. All forward-lookingstatements involve risks and uncertainties, including, but not limited to, the adverse effects of the COVID-19 pandemic, related vaccinationrates and the emergence of virus variants on our business, operations, financial condition, results of operations and capital resources,including as a result of supply chain disruptions, shutdowns and/or operational restrictions imposed on our customers, an inability ofour customers to make payments on time or at all, diversion of management attention, necessary modifications to our business practicesand operations, cost cutting measures we have made and may continue to make, a possible future reduction in the value of goodwill or otherintangible assets, inadequate manufacturing capacity or a shortfall or excess of inventory as a result of difficulty in predicting manufacturingrequirements due to volatile economic conditions, price increases or decreased availability of component parts or raw materials, exchangerate fluctuations, volatility of and decreases in trading prices of our common stock and the availability of needed financing on acceptableterms or at all; our ability to successfully develop new products that garner customer acceptance and generate sales, both domesticallyand internationally, in the face of substantial competition; our reliance on an unrelated third party to develop, maintain and host certainweb-based food service application software and develop and maintain selected components of our downloadable software applications pursuantto a non-exclusive license agreement, and the risk that interruptions in our relationship with that third party could materially impairour ability to provide services to our food service technology customers on a timely basis or at all and could require substantial expendituresto find or develop alternative software products; our ability to successfully transition our business into the food service technologymarket; our ability to fully remediate a previously disclosed material weakness in our internal control over financial reporting; risksassociated with potential future acquisitions; general economic conditions; our dependence on contract manufacturers for the assemblyof a large portion of our products in Asia; our dependence on significant suppliers; our ability to recruit and retain quality employeesas the Company grows; our dependence on third parties for sales outside the United States; our dependence on technology licenses fromthird parties; marketplace acceptance of new products; risks associated with foreign operations; the availability of third-party componentsat reasonable prices; price wars or other significant pricing pressures affecting the Company’s products in the United States orabroad; increased product costs or reduced customer demand for our products due to changes in U.S. policy that may result in trade warsor tariffs; our ability to protect intellectual property; the effect of the United Kingdom’s withdrawal from the European Union;and other risk factors detailed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, and other reportsfiled with the SEC. Actual results may differ materially from those discussed in, or implied by, the forward-looking statements. The forward-lookingstatements speak only as of the date of this release, and the Company assumes no duty to update them to reflect new, changing or unanticipatedevents or circumstances, except as required by applicable law.

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