<SEC-DOCUMENT>0001206774-17-003445.txt : 20171220
<SEC-HEADER>0001206774-17-003445.hdr.sgml : 20171220
<ACCEPTANCE-DATETIME>20171220161144
ACCESSION NUMBER:		0001206774-17-003445
CONFORMED SUBMISSION TYPE:	S-3
PUBLIC DOCUMENT COUNT:		9
FILED AS OF DATE:		20171220
DATE AS OF CHANGE:		20171220

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TRANSCAT INC
		CENTRAL INDEX KEY:			0000099302
		STANDARD INDUSTRIAL CLASSIFICATION:	INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS [3825]
		IRS NUMBER:				160874418
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		S-3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-222188
		FILM NUMBER:		171266887

	BUSINESS ADDRESS:	
		STREET 1:		35 VANTAGE POINT DRIVE
		CITY:			ROCHESTER
		STATE:			NY
		ZIP:			14624
		BUSINESS PHONE:		5853527777

	MAIL ADDRESS:	
		STREET 1:		35 VANTAGE POINT DRIVE
		CITY:			ROCHESTER
		STATE:			NY
		ZIP:			14624

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TRANSMATION INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-3
<SEQUENCE>1
<FILENAME>transcat3356301-s3.htm
<DESCRIPTION>REGISTRATION STATEMENT FOR SPECIFIED TRANSACTIONS BY CERTAIN ISSUERS
<TEXT>

<HTML>
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   <TITLE>transcat3356301-s31.htm - Generated by SEC Publisher for SEC Filing</TITLE>
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<P style="TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman">As filed with the Securities and Exchange Commission on December 20, 2017</FONT></B></P>

<P style="TEXT-ALIGN: right"><B><FONT size=2 face="Times New Roman">Registration No. 333-</FONT></B></P>

<P style="TEXT-ALIGN: center; margin-bottom: 0px"><B><FONT size=2 face="Times New Roman">UNITED STATES<BR></FONT></B><B><FONT size=2 face="Times New Roman">SECURITIES AND EXCHANGE COMMISSION<BR>Washington, D.C. 20549<BR></FONT></B>___________________</P>

<P style="TEXT-ALIGN: center; margin-top: 4px"><B><FONT size=2 face="Times New Roman">FORM S-3</FONT></B></P>

<P style="TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman">REGISTRATION STATEMENT<BR>UNDER THE SECURITIES ACT OF 1933<BR></FONT></B>___________________</P>

<P style="TEXT-ALIGN: center"><FONT size=3 face="Times New Roman"><STRONG>TRANSCAT, INC.<BR></STRONG><FONT size=1 face="Times New Roman">(Exact name of registrant as specified in its charter)</FONT></FONT></P>

<DIV align=center>

<TABLE style="WIDTH: 10%" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD width="49%" noWrap align=center>



   <P align=center><FONT size=2 face="Times New Roman"><STRONG>Ohio<BR></STRONG><FONT size=1 face="Times New Roman">(State or other jurisdiction of<BR>incorporation or organization)</FONT></FONT></P></TD>

   <TD width="1%" noWrap align=center>





   <P align=center>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD>

   <TD width="49%" noWrap align=center>



   <P align=center><B><FONT size=2 face="Times New Roman">16-0874418<BR></FONT></B><FONT size=1 face="Times New Roman">(I.R.S. Employer<BR></FONT><FONT size=1 face="Times New Roman">Identification No.)</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman">35 Vantage Point Drive<BR>Rochester, New York 14624<BR>(585) 352-7777<BR></FONT></B><FONT size=1 face="Times New Roman">(Address, including zip code, and telephone number, including
area code, of registrant&#8217;s principal executive offices)<BR></FONT></P>

<P style="TEXT-ALIGN: center; margin-bottom: 0px"><B><FONT size=2 face="Times New Roman">Lee D. Rudow, President and Chief Executive Officer<BR>Michael J. Tschiderer, VP of Finance and Chief Financial Officer<BR>Transcat, Inc.<BR></FONT></B><B><FONT size=2 face=
"Times New Roman">35 Vantage Point Drive<BR>Rochester, New York 14624<BR>(585) 352-7777<BR></FONT></B><FONT size=1 face="Times New Roman">(Name, address, including zip code and telephone number, including area code, of agent for
service)<BR></FONT>___________________</P>

<P style="TEXT-ALIGN: center; margin-top: 4px; margin-bottom: 0px"><FONT size=2 face="Times New Roman">C</FONT><FONT size=2 face="Times New Roman">OPIES </FONT><FONT size=2 face="Times New Roman">T</FONT><FONT size=2 face="Times New Roman">O</FONT><FONT size=2 face=
"Times New Roman">:<BR></FONT><B><FONT size=2 face="Times New Roman">James M. Jenkins, Esq.<BR>Alexander R. McClean, Esq.<BR>Harter Secrest &amp; Emery LLP<BR></FONT></B><B><FONT size=2 face="Times New Roman">1600 Bausch &amp; Lomb Place<BR>Rochester,
New York 14604<BR>(585) 232-6500</FONT></B><BR>
___________________</P>

<P style="TEXT-ALIGN: left; margin-top: 4px"><B><FONT size=2 face="Times New Roman">Approximate date of commencement of proposed sale of the securities to the public: </FONT></B><FONT size=2 face="Times New Roman">From time to time after this registration statement
becomes effective.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">If the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please check the following
box.&nbsp;&nbsp;&nbsp;&#9744;</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, other than securities offered
only in connection with dividend or interest reinvestment plans, check the following box.&nbsp;&nbsp;&nbsp;&#9746; </FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act
registration statement number of the earlier effective registration statement for the same offering.&nbsp;&nbsp;&nbsp;&#9744;</FONT></P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always"></DIV>



<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the
earlier effective registration statement for the same offering.&nbsp;&nbsp;&nbsp;&#9744; </FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">If this Form is a registration statement pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become effective upon filing with the Commission pursuant to
Rule 462(e) under the Securities Act, check the following box.&nbsp;&nbsp;&nbsp;&#9744; </FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">If this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction I.D. filed to register additional securities or additional classes of securities
pursuant to Rule 413(b) under the Securities Act, check the following box.&nbsp;&nbsp;&nbsp;&#9744; </FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of &#8220;large
accelerated filer,&#8221; &#8220;accelerated filer&#8221; and &#8220;smaller reporting company&#8221; in Rule 12b-2 of the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;).</FONT></P>

<TABLE style="LINE-HEIGHT: 14pt" cellSpacing=0 cellPadding=0 width="100%" border=0>



<TR vAlign=bottom>

   <TD width="24%" noWrap align=left><FONT size=2 face="Times New Roman">Large accelerated filer&nbsp;&#9744; </FONT></TD>

   <TD width="1%" noWrap align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD width="25%" noWrap align=left><FONT size=2 face="Times New Roman">Accelerated filer&nbsp;&#9744; </FONT></TD>

   <TD width="1%" noWrap align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD width="24%" noWrap align=center><FONT size=2 face="Times New Roman">Non-accelerated filer&nbsp;&#9744; </FONT></TD>

   <TD width="1%" noWrap align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD width="24%" noWrap align=left><FONT size=2 face="Times New Roman">Smaller reporting company&nbsp;&#9746;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD width="24%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="25%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="24%" noWrap align=center><FONT size=2 face="Times New Roman">(Do not check if a smaller</FONT></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="24%" noWrap align=left></TD></TR>

<TR vAlign=bottom>

   <TD width="24%" noWrap align=left></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="25%" noWrap align=left></TD>

   <TD WIDTH="1%" NOWRAP ALIGN="LEFT" STYLE="text-align: center"></TD>

   <TD width="24%" noWrap align=center><FONT size=2 face="Times New Roman">reporting company)</FONT></TD>

   <TD width="1%" noWrap align=left></TD>

   <TD width="24%" noWrap align=left></TD></TR></TABLE>

<DIV STYLE="text-align: center">___________________</div>
<P style="TEXT-ALIGN: center"><B><FONT size=1 face="Times New Roman">CALCULATION OF REGISTRATION FEE</FONT></B></P>

<TABLE style="LINE-HEIGHT: normal" cellSpacing=0 cellPadding=0 width="100%" border=0>



<TR vAlign=bottom>

   <TD NOWRAP STYLE="border-top: #000000 3px double; width: 11%; text-align: left; padding-left: 4pt"></TD>

   <TD style="BORDER-TOP: #000000 3px double" width="11%" noWrap align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 3px double" width="11%" noWrap align=left></TD>

   <TD style="BORDER-TOP: #000000 3px double" width="11%" noWrap align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 3px double" width="11%" noWrap align=center><B><FONT size=1 face="Times New Roman">Proposed maximum</FONT></B></TD>

   <TD style="BORDER-TOP: #000000 3px double" width="11%" noWrap align=center>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 3px double" width="11%" noWrap align=center><B><FONT size=1 face="Times New Roman">Proposed maximum</FONT></B></TD>

   <TD style="BORDER-TOP: #000000 3px double" width="11%" noWrap align=center>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD NOWRAP STYLE="border-top: #000000 3px double; width: 11%; text-align: center; padding-right: 4pt"><B><FONT size=1 face="Times New Roman">Amount of</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="width: 11%; text-align: center; padding-left: 4pt"><B><FONT size=1 face="Times New Roman">Title of each class of securities</FONT></B></TD>

   <TD width="11%" noWrap align=center><B><FONT size=1 face="Times New Roman"></FONT></B></TD>

   <TD width="11%" noWrap align=center><B><FONT size=1 face="Times New Roman">Amount to be</FONT></B></TD>

   <TD width="11%" noWrap align=center><B><FONT size=1 face="Times New Roman"></FONT></B></TD>

   <TD width="11%" noWrap align=center><B><FONT size=1 face="Times New Roman">offering price</FONT></B></TD>

   <TD width="11%" noWrap align=center><B><FONT size=1 face="Times New Roman"></FONT></B></TD>

   <TD width="11%" noWrap align=center><B><FONT size=1 face="Times New Roman">aggregate offering</FONT></B></TD>

   <TD width="11%" noWrap align=center><B><FONT size=1 face="Times New Roman"></FONT></B></TD>

   <TD NOWRAP STYLE="width: 11%; text-align: center; padding-right: 4pt"><B><FONT size=1 face="Times New Roman">registration</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="width: 11%; text-align: center; padding-left: 4pt"><B><FONT size=1 face="Times New Roman">to be registered</FONT></B></TD>

   <TD width="11%" noWrap align=center><B><FONT size=1 face="Times New Roman"></FONT></B></TD>

   <TD width="11%" noWrap align=center><B><FONT size=1 face="Times New Roman">registered </FONT></B><FONT size=1 face="Times New Roman">(1)</FONT></TD>

   <TD width="11%" noWrap align=center><B><FONT size=1 face="Times New Roman"></FONT></B></TD>

   <TD width="11%" noWrap align=center><B><FONT size=1 face="Times New Roman">per share </FONT></B><FONT size=1 face="Times New Roman">(1)</FONT></TD>

   <TD width="11%" noWrap align=center><B><FONT size=1 face="Times New Roman"></FONT></B></TD>

   <TD width="11%" noWrap align=center><B><FONT size=1 face="Times New Roman">price </FONT></B><FONT size=1 face="Times New Roman">(1)(2)</FONT></TD>

   <TD width="11%" noWrap align=center><B><FONT size=1 face="Times New Roman"></FONT></B></TD>

   <TD NOWRAP STYLE="width: 11%; text-align: center; padding-right: 4pt"><B><FONT size=1 face="Times New Roman">fee</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="border-bottom: #000000 1px solid; width: 11%; text-align: center; padding-left: 4pt">&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="11%" noWrap align=center><B><FONT size=1 face="Times New Roman"></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="11%" noWrap align=center><B><FONT size=1 face="Times New Roman"></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="11%" noWrap align=center><B><FONT size=1 face="Times New Roman"></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="11%" noWrap align=center><B><FONT size=1 face="Times New Roman"></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="11%" noWrap align=center><B><FONT size=1 face="Times New Roman"></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="11%" noWrap align=center><B><FONT size=1 face="Times New Roman"></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="11%" noWrap align=center><B><FONT size=1 face="Times New Roman"></FONT></B></TD>

   <TD NOWRAP STYLE="border-bottom: #000000 1px solid; width: 11%; text-align: center; padding-right: 4pt"><B><FONT size=1 face="Times New Roman"></FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="width: 11%; text-align: center; padding-left: 4pt"><FONT size=1 face="Times New Roman">Common stock, par value $0.50 per share (3)</FONT></TD>

   <TD width="11%" noWrap align=left></TD>

   <TD width="11%" noWrap align=left></TD>

   <TD width="11%" noWrap align=left></TD>

   <TD width="11%" noWrap align=left></TD>

   <TD width="11%" noWrap align=left></TD>

   <TD width="11%" noWrap align=left></TD>

   <TD width="11%" noWrap align=left></TD>

   <TD NOWRAP STYLE="width: 11%; text-align: left; padding-right: 4pt"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="width: 11%; text-align: center; padding-left: 4pt"><FONT size=1 face="Times New Roman">Warrants (4)</FONT></TD>

   <TD width="11%" noWrap align=left></TD>

   <TD width="11%" noWrap align=left></TD>

   <TD width="11%" noWrap align=left></TD>

   <TD width="11%" noWrap align=left></TD>

   <TD width="11%" noWrap align=left></TD>

   <TD width="11%" noWrap align=left></TD>

   <TD width="11%" noWrap align=left></TD>

   <TD NOWRAP STYLE="width: 11%; text-align: left; padding-right: 4pt"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="width: 11%; text-align: center; padding-left: 4pt"><FONT size=1 face="Times New Roman">Purchase Contracts (5)</FONT></TD>

   <TD width="11%" noWrap align=left></TD>

   <TD width="11%" noWrap align=left></TD>

   <TD width="11%" noWrap align=left></TD>

   <TD width="11%" noWrap align=left></TD>

   <TD width="11%" noWrap align=left></TD>

   <TD width="11%" noWrap align=left></TD>

   <TD width="11%" noWrap align=left></TD>

   <TD NOWRAP STYLE="width: 11%; text-align: left; padding-right: 4pt"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="width: 11%; text-align: center; padding-left: 4pt"><FONT size=1 face="Times New Roman">Units (6)</FONT></TD>

   <TD width="11%" noWrap align=left></TD>

   <TD width="11%" noWrap align=left></TD>

   <TD width="11%" noWrap align=left></TD>

   <TD width="11%" noWrap align=left></TD>

   <TD width="11%" noWrap align=left></TD>

   <TD width="11%" noWrap align=left></TD>

   <TD width="11%" noWrap align=left></TD>

   <TD NOWRAP STYLE="width: 11%; text-align: left; padding-right: 4pt"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="width: 11%; text-align: right; padding-left: 4pt"><FONT size=1 face="Times New Roman">Total</FONT></TD>

   <TD width="11%" noWrap align=center><FONT size=1 face="Times New Roman"></FONT></TD>

   <TD width="11%" noWrap align=center><FONT size=1 face="Times New Roman">$50,000,000</FONT></TD>

   <TD width="11%" noWrap align=center><FONT size=1 face="Times New Roman"></FONT></TD>

   <TD width="11%" noWrap align=left></TD>

   <TD width="11%" noWrap align=center><FONT size=1 face="Times New Roman"></FONT></TD>

   <TD width="11%" noWrap align=center><FONT size=1 face="Times New Roman">$50,000,000</FONT></TD>

   <TD width="11%" noWrap align=center><FONT size=1 face="Times New Roman"></FONT></TD>

   <TD NOWRAP STYLE="width: 11%; text-align: center; padding-right: 4pt"><FONT size=1 face="Times New Roman">$6,225</FONT></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="border-bottom: #000000 3px double; width: 11%; text-align: center; padding-left: 4pt">&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" width="11%" noWrap align=center><FONT size=1 face="Times New Roman"></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" width="11%" noWrap align=center><FONT size=1 face="Times New Roman"></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" width="11%" noWrap align=center><FONT size=1 face="Times New Roman"></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" width="11%" noWrap align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" width="11%" noWrap align=center><FONT size=1 face="Times New Roman"></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" width="11%" noWrap align=center><FONT size=1 face="Times New Roman"></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" width="11%" noWrap align=center><FONT size=1 face="Times New Roman"></FONT></TD>

   <TD NOWRAP STYLE="border-bottom: #000000 3px double; width: 11%; text-align: center; padding-right: 4pt"><FONT size=1 face="Times New Roman"></FONT></TD></TR></TABLE><BR>

<TABLE style="LINE-HEIGHT: normal" cellSpacing=0 cellPadding=0 width="100%" border=0>



<TR vAlign=bottom>

   <TD NOWRAP STYLE="width: 1%; text-align: left; vertical-align: top; padding-left: 15pt"><FONT size=1 face="Times New Roman">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>

   <TD WIDTH="99%" STYLE="text-align: left; vertical-align: top"><FONT size=1 face="Times New Roman">Information as to each class of security has been omitted pursuant to General Instruction II.D of Form S-3 under the Securities Act.</FONT></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="width: 1%; text-align: left; vertical-align: top; padding-left: 15pt"><FONT size=1 face="Times New Roman">(2)</FONT></TD>

   <TD WIDTH="99%" STYLE="text-align: left; vertical-align: top"><FONT size=1 face="Times New Roman">Estimated for the sole purpose of computing the registration fee in accordance with Rule 457(o) under the Securities Act and exclusive of accrued interest, distributions and dividends, if
any.</FONT></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="width: 1%; text-align: left; vertical-align: top; padding-left: 15pt"><FONT size=1 face="Times New Roman">(3)</FONT></TD>

   <TD WIDTH="99%" STYLE="text-align: left; vertical-align: top"><FONT size=1 face="Times New Roman">Such indeterminate principal amount of common stock as may, from time to time, be issued (i) at indeterminate prices or (ii) without separate consideration upon conversion, redemption,
exercise or exchange of securities registered hereunder, to the extent any such securities are, by their terms, convertible into or exchangeable for other securities registered hereunder, or as shall be issuable pursuant to anti-dilution
provisions.</FONT></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="width: 1%; text-align: left; vertical-align: top; padding-left: 15pt"><FONT size=1 face="Times New Roman">(4)</FONT></TD>

   <TD WIDTH="99%" STYLE="text-align: left; vertical-align: top"><FONT size=1 face="Times New Roman">Warrants may be sold separately or together with our common stock. Includes an indeterminate number of our shares of common stock to be issuable upon the exercise of warrants for such
securities.</FONT></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="width: 1%; text-align: left; vertical-align: top; padding-left: 15pt"><FONT size=1 face="Times New Roman">(5)</FONT></TD>

   <TD WIDTH="99%" STYLE="text-align: left; vertical-align: top"><FONT size=1 face="Times New Roman">Such indeterminate number of purchase contracts as may, from time to time, be issued at indeterminate prices obligating holders to purchase from or sell to us, and obligating us to sell or
purchase from the holders, a specific number of our shares of common stock at a future date or dates.</FONT></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="width: 1%; text-align: left; vertical-align: top; padding-left: 15pt"><FONT size=1 face="Times New Roman">(6)</FONT></TD>

   <TD WIDTH="99%" STYLE="text-align: left; vertical-align: top"><FONT size=1 face="Times New Roman">Such indeterminate number of units as may, from time to time, be issued at indeterminate prices, each representing ownership of one or more of the securities described
herein.</FONT></TD></TR></TABLE>



<div style="TEXT-ALIGN: center">___________________</div>

<P STYLE="text-align: left; text-indent: 15pt; margin-bottom: 0px"><B><FONT size=1 face="Times New Roman">The registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the registrant shall file a further amendment which
specifically states that this registration statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933, as amended, or until this registration statement shall become effective on such date as the Securities
and Exchange Commission, acting pursuant to said Section 8(a), may determine</FONT></B><FONT size=1 face="Times New Roman">.</FONT></P>

<div style="TEXT-ALIGN: center">___________________</div><BR>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always"></DIV>



<P style="TEXT-ALIGN: left"><B><FONT size=2 face="Times New Roman">The information in this prospectus is not complete and may be changed. We may not sell these securities until the registration statement filed with the Securities and Exchange Commission
is effective. This prospectus is not an offer to sell these securities and it is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.</FONT></B></P>

<P style="TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman">SUBJECT TO COMPLETION, dated December 20, 2017</FONT></B></P>

<P STYLE="text-align: left"><FONT size=2 face="Times New Roman"><B>PROSPECTUS</B></FONT></P>

<P style="TEXT-ALIGN: center"><B><FONT size=5 face="Times New Roman">$50,000,000</FONT></B></P>

<P style="TEXT-ALIGN: center"><B><FONT size=5 face="Times New Roman">Transcat, Inc.</FONT></B></P>

<P align=center>
<IMG border=0 src="transcat3356301-s31x3x1.jpg"> </P>

<P style="TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman">Common Stock<BR>Warrants<BR>Purchase Contracts<BR>Units<BR></FONT></B>___________________</P>

<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">We may offer and sell from time to time up to $50,000,000 of shares of common stock; warrants to purchase other securities; purchase contracts; and units consisting of any combination of the
above securities.</FONT></P>

<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">This prospectus provides you with a general description of the securities listed above. Each time we offer any securities pursuant to this prospectus, we will provide a prospectus supplement
that will contain specific information about the terms of that offering. The prospectus supplement may also add, update or change information contained in this prospectus. This prospectus may not be used to offer or sell our securities without a
prospectus supplement describing the method and terms of the offering. You should read this prospectus and any prospectus supplement together with the information described under the heading &#8220;Incorporation of Certain Information by Reference&#8221;
before you make your investment decision.</FONT></P>

<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">We may offer these securities in amounts and at prices and on terms determined at the time of offering. The securities may be sold directly to you, through agents or through underwriters and
dealers. If agents, underwriters or dealers are used to sell the securities, we will name them and describe their compensation in the accompanying prospectus supplement.</FONT></P>

<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">Our common stock is traded on the NASDAQ under the symbol &#8220;TRNS&#8221;. As of December 19, 2017, the aggregate market value of our outstanding common stock held by non-affiliates, or
public float, was approximately $86,484,529, based on 7,144,475 shares of outstanding common stock, of which approximately 450,626 were held by affiliates, and a price of $12.92 per share, which was the last reported sale price of our common
stock on the NASDAQ on December 19, 2017.</FONT></P>

<P STYLE="text-align: left; text-indent: 15pt; margin-bottom: 0px; margin-top: 0px"><B><FONT size=2 face="Times New Roman">Investing in our common stock involves risk. You should carefully read the information included and incorporated by reference into this prospectus for a discussion of the factors you
should carefully consider in determining whether to invest in our securities, including the discussion of risks described under &#8220;Risk Factors&#8221; on page 5 of this prospectus.</FONT></B></P>

<P style="TEXT-ALIGN: center; margin-bottom: 0px; margin-top: 0px"><B><FONT size=2 face="Times New Roman">___________________</FONT></B></P>

<P STYLE="text-align: left; margin-bottom: 0px; margin-top: 4px; text-indent: 15pt"><B><FONT size=2 face="Times New Roman">Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the adequacy or accuracy of this
prospectus. Any representation to the contrary is a criminal offense.</FONT></B></P>

<P style="TEXT-ALIGN: center; margin-top: 0px; margin-bottom: 0px"><B><FONT size=2 face="Times New Roman">___________________</FONT></B></P>

<P style="TEXT-ALIGN: center; margin-top: 4px"><FONT size=2 face="Times New Roman">The date of this prospectus is December 20, 2017.</FONT></P>

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<P style="TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman">IMPORTANT NOTICE ABOUT INFORMATION PRESENTED IN THIS<BR>PROSPECTUS AND THE ACCOMPANYING PROSPECTUS SUPPLEMENT</FONT></B></P>

<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">This prospectus is part of a registration statement that we filed with the Securities and Exchange Commission, which we refer to as the SEC, utilizing a &#8220;shelf&#8221; registration
process. Under this shelf registration process, we may from time to time sell a combination of the securities described in this prospectus in one or more offerings for an aggregate initial offering price of up to $50,000,000.</FONT></P>

<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">This prospectus provides you with a general description of the securities we may offer. Each time we sell securities, we will provide one or more prospectus supplements that will contain
specific information about the terms of the offering. The prospectus supplement may also add, update or change information contained in this prospectus. You should read both this prospectus and the accompanying prospectus supplement together with
documents incorporated by reference in this prospectus.</FONT></P>

<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">You should rely only on the information contained in or incorporated by reference in this prospectus, any accompanying prospectus supplement, or in any related free writing prospectus filed
by us with the SEC. We have not authorized anyone to provide you with different information. This prospectus does not, and together with the accompanying prospectus supplement will not, constitute an offer to sell or the solicitation of any offer to buy
any securities other than the securities described in the accompanying prospectus supplement or an offer to sell or the solicitation of an offer to buy such securities in any circumstances in which such offer or solicitation is unlawful. You should
assume that the information appearing in this prospectus, any prospectus supplement, the documents incorporated by reference and any related free writing prospectus is accurate only as of their respective dates. Our business, financial condition, results
of operations and prospects may have changed materially since those dates.</FONT></P>

<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">To the extent there is a conflict between the information contained in this prospectus and the prospectus supplement, you should rely on the information in the prospectus supplement,
provided that if any statements in one of these documents is inconsistent with a statement in another document having a later date - for example, a document incorporated by reference in this prospectus or any prospectus supplement - the statement in the
document having the later date modifies or supersedes the earlier statement.</FONT></P>

<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">Unless the context otherwise requires, references in this prospectus to &#8220;Transcat,&#8221; &#8220;we,&#8221; &#8220;us,&#8221; and &#8220;our&#8221; refer to Transcat, Inc.</FONT></P>

<P style="TEXT-ALIGN: center">___________________</P>

<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">Unless indicated in the applicable prospectus supplement, we have not taken any action that would permit us to publicly sell these securities in any jurisdiction outside the United States.
If you are an investor outside the United States, you should inform yourself about, and comply with, any restrictions as to the offering of the securities and the distribution of this prospectus.</FONT></P>

<P style="TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">i</FONT></P>

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<P style="TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman">TABLE OF CONTENTS</FONT></B></P>

<TABLE style="BORDER-COLLAPSE: collapse; LINE-HEIGHT: 14pt" cellSpacing=0 cellPadding=0 width="100%" border=0>



<TR vAlign=bottom>

   <TD style="BACKGROUND-COLOR: #c0c0c0" width="98%" noWrap align=left><FONT size=2 face="Times New Roman">CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS</FONT></TD>

   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">2</FONT></TD></TR>

<TR vAlign=bottom>

   <TD width="98%" noWrap align=left><FONT size=2 face="Times New Roman">TRANSCAT, INC.</FONT></TD>

   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">3</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BACKGROUND-COLOR: #c0c0c0" width="98%" noWrap align=left><FONT size=2 face="Times New Roman">WHERE YOU CAN FIND MORE INFORMATION</FONT></TD>

   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">4</FONT></TD></TR>

<TR vAlign=bottom>

   <TD width="98%" noWrap align=left><FONT size=2 face="Times New Roman">INCORPORATION OF CERTAIN INFORMATION BY REFERENCE</FONT></TD>

   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">4</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BACKGROUND-COLOR: #c0c0c0" width="98%" noWrap align=left><FONT size=2 face="Times New Roman">RISK FACTORS</FONT></TD>

   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">5</FONT></TD></TR>

<TR vAlign=bottom>

   <TD width="98%" noWrap align=left><FONT size=2 face="Times New Roman">THE SECURITIES WE MAY OFFER</FONT></TD>

   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">6</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BACKGROUND-COLOR: #c0c0c0" width="98%" noWrap align=left><FONT size=2 face="Times New Roman">DESCRIPTION OF COMMON STOCK</FONT></TD>

   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">6</FONT></TD></TR>

<TR vAlign=bottom>

   <TD width="98%" noWrap align=left><FONT size=2 face="Times New Roman">DESCRIPTION OF WARRANTS</FONT></TD>

   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">8</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BACKGROUND-COLOR: #c0c0c0" width="98%" noWrap align=left><FONT size=2 face="Times New Roman">DESCRIPTION OF PURCHASE CONTRACTS</FONT></TD>

   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">9</FONT></TD></TR>

<TR vAlign=bottom>

   <TD width="98%" noWrap align=left><FONT size=2 face="Times New Roman">DESCRIPTION OF UNITS</FONT></TD>

   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">10</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BACKGROUND-COLOR: #c0c0c0" width="98%" noWrap align=left><FONT size=2 face="Times New Roman">USE OF PROCEEDS</FONT></TD>

   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">10</FONT></TD></TR>

<TR vAlign=bottom>

   <TD width="98%" noWrap align=left><FONT size=2 face="Times New Roman">PLAN OF DISTRIBUTION</FONT></TD>

   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">11</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BACKGROUND-COLOR: #c0c0c0" width="98%" noWrap align=left><FONT size=2 face="Times New Roman">LEGAL MATTERS</FONT></TD>

   <TD style="BACKGROUND-COLOR: #c0c0c0" width="1%" noWrap align=right><FONT size=2 face="Times New Roman">13</FONT></TD></TR>

<TR vAlign=bottom>

   <TD width="98%" noWrap align=left><FONT size=2 face="Times New Roman">EXPERTS</FONT></TD>

   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman">13</FONT></TD></TR></TABLE>



<P style="TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">1</FONT></P>

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<P style="TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman">CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS</FONT></B></P>

<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">Statements in this prospectus that are based on other than historical data are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements provide current expectations or forecasts of future events and include, among others:</FONT></P>

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<TR>

   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="2%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT> </TD>

   <TD width="98%">

   <P align=left><FONT size=2 face="Times New Roman">statements with respect to the beliefs, plans, objectives, goals, guidelines, expectations, anticipations, and future financial condition, results of operations and performance of Transcat, Inc. (the
&#8220;Company,&#8221; &#8220;we,&#8221; &#8220;our&#8221; or &#8220;us&#8221;); and</FONT></P></TD></TR>

<TR>

   <TD vAlign=top width="2%"><FONT style="FONT-SIZE: 9.5pt"></FONT></TD>

   <TD width="98%">

   <P align=left>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="2%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT> </TD>

   <TD width="98%">

   <P align=left><FONT size=2 face="Times New Roman">statements preceded by, followed by or that include the words &#8220;may,&#8221; &#8220;could,&#8221; &#8220;should,&#8221; &#8220;would,&#8221; &#8220;believe,&#8221; &#8220;anticipate,&#8221;
&#8220;estimate,&#8221; &#8220;expect,&#8221; &#8220;intend,&#8221; &#8220;plan,&#8221; &#8220;projects,&#8221; or similar expressions.</FONT></P></TD></TR></TABLE>

<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">These forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management&#8217;s views as of any subsequent date. Forward-looking
statements involve significant risks and uncertainties and actual results may differ materially from those presented, either expressed or implied, in this prospectus, any prospectus supplement, and our Annual Report on Form 10-K for the fiscal year ended
March 25, 2017 (the &#8220;Form 10-K&#8221;), which is incorporated by reference into this prospectus, including, but not limited to, those presented in the Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations.
Factors that might cause such differences include, but are not limited to:</FONT></P>

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<TR>

   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="2%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT> </TD>

   <TD width="98%">

   <P align=left><FONT size=2 face="Times New Roman">Fluctuations in our quarterly results could cause our stock price to decline;</FONT></P></TD></TR>

<TR>

   <TD vAlign=top width="2%"><FONT style="FONT-SIZE: 9.5pt"></FONT></TD>

   <TD width="98%">

   <P align=left>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="2%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT> </TD>

   <TD width="98%">

   <P align=left><FONT size=2 face="Times New Roman">Our future success may be affected by our current and future indebtedness;</FONT></P></TD></TR>

<TR>

   <TD vAlign=top width="2%"><FONT style="FONT-SIZE: 9.5pt"></FONT></TD>

   <TD width="98%">



   <P align=left>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="2%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT> </TD>

   <TD width="98%">

   <P align=left><FONT size=2 face="Times New Roman">Our&nbsp;common stock trades at a relatively low volume;</FONT></P></TD></TR>

<TR>

   <TD vAlign=top width="2%"><FONT style="FONT-SIZE: 9.5pt"></FONT></TD>

   <TD width="98%">



   <P align=left>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="2%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT> </TD>

   <TD width="98%">

   <P align=left><FONT size=2 face="Times New Roman">Our stock price may be volatile and fluctuate significantly in response to a number of factors;</FONT></P></TD></TR>

<TR>

   <TD vAlign=top width="2%"><FONT style="FONT-SIZE: 9.5pt"></FONT></TD>

   <TD width="98%">

   <P align=left>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="2%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT> </TD>

   <TD width="98%">

   <P align=left><FONT size=2 face="Times New Roman">We are subject to certain foreign currency rate risks;</FONT></P></TD></TR>

<TR>

   <TD vAlign=top width="2%"><FONT style="FONT-SIZE: 9.5pt"></FONT></TD>

   <TD width="98%">

   <P align=left>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="2%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT> </TD>

   <TD width="98%">

   <P align=left><FONT size=2 face="Times New Roman">We operate in a competitive industry and market area;</FONT></P></TD></TR>

<TR>

   <TD vAlign=top width="2%"><FONT style="FONT-SIZE: 9.5pt"></FONT></TD>

   <TD width="98%">

   <P align=left>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="2%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT> </TD>

   <TD width="98%">

   <P align=left><FONT size=2 face="Times New Roman">We may suffer from the effects of an economic downturn that disrupts the U.S. industrial sector;</FONT></P></TD></TR>

<TR>

   <TD vAlign=top width="2%"><FONT style="FONT-SIZE: 9.5pt"></FONT></TD>

   <TD width="98%">

   <P align=left>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="2%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT> </TD>

   <TD width="98%">

   <P align=left><FONT size=2 face="Times New Roman">Our Service segment has a concentration of customers in the life science and other FDA-regulated and industrial manufacturing industries;</FONT></P></TD></TR>

<TR>

   <TD vAlign=top width="2%"><FONT style="FONT-SIZE: 9.5pt"></FONT></TD>

   <TD width="98%">

   <P align=left>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="2%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT> </TD>

   <TD width="98%">

   <P align=left><FONT size=2 face="Times New Roman">Our Distribution segment may be unable to successfully compete against web-based distributors;</FONT></P></TD></TR>

<TR>

   <TD vAlign=top width="2%"><FONT style="FONT-SIZE: 9.5pt"></FONT></TD>

   <TD width="98%">

   <P align=left>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="2%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT> </TD>

   <TD width="98%">

   <P align=left><FONT size=2 face="Times New Roman">We rely on one vendor to supply a significant amount of our inventory purchases for our Distribution segment;</FONT></P></TD></TR>

<TR>

   <TD vAlign=top width="2%"><FONT style="FONT-SIZE: 9.5pt"></FONT></TD>

   <TD width="98%">

   <P align=left>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="2%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT> </TD>

   <TD width="98%">

   <P align=left><FONT size=2 face="Times New Roman">Our financing of any future acquisitions may result in dilution to our current stockholders or could increase our leverage and risk of defaulting on bank debt;</FONT></P></TD></TR>

<TR>

   <TD vAlign=top width="2%"><FONT style="FONT-SIZE: 9.5pt"></FONT></TD>

   <TD width="98%">

   <P align=left>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="2%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT> </TD>

   <TD width="98%">

   <P align=left><FONT size=2 face="Times New Roman">Acquisitions, and integration of acquisitions, may disrupt our business and dilute shareholder value;</FONT></P></TD></TR>

<TR>

   <TD vAlign=top width="2%"><FONT style="FONT-SIZE: 9.5pt"></FONT></TD>

   <TD width="98%">

   <P align=left>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="2%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT> </TD>

   <TD width="98%">

   <P align=left><FONT size=2 face="Times New Roman">Any impairment of goodwill or other intangible assets could negatively impact our results of operations;</FONT></P></TD></TR>

<TR>

   <TD vAlign=top width="2%"><FONT style="FONT-SIZE: 9.5pt"></FONT></TD>

   <TD width="98%">

   <P align=left>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="2%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT> </TD>

   <TD width="98%">

   <P align=left><FONT size=2 face="Times New Roman">We need to stay current on technological changes in order to compete and meet customer demands;</FONT></P></TD></TR>

<TR>

   <TD vAlign=top width="2%"><FONT style="FONT-SIZE: 9.5pt"></FONT></TD>

   <TD width="98%">

   <P align=left>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="2%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT> </TD>

   <TD width="98%">

   <P align=left><FONT size=2 face="Times New Roman">A breach in security of our information systems, including the occurrence of a cyber incident or a deficiency in cyber security, may result in a loss of customer business or damage to our brand
image;</FONT></P></TD></TR></TABLE>

<P style="TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">2</FONT></P>

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<TR>

   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="2%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT> </TD>

   <TD width="98%">

   <P align=left><FONT size=2 face="Times New Roman">We may experience issues from any implementation of a replacement of our aging enterprise resource planning system;</FONT></P></TD></TR>

<TR>

   <TD vAlign=top width="2%"><FONT style="FONT-SIZE: 9.5pt"></FONT></TD>

   <TD width="98%">

   <P align=left>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="2%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT> </TD>

   <TD width="98%">

   <P align=left><FONT size=2 face="Times New Roman">Our business may be adversely affected by changes to fiscal, tax, regulation, and other policies of the federal government and its agencies;</FONT></P></TD></TR>

<TR>

   <TD vAlign=top width="2%"><FONT style="FONT-SIZE: 9.5pt"></FONT></TD>

   <TD width="98%">

   <P align=left>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="2%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT> </TD>

   <TD width="98%">

   <P align=left><FONT size=2 face="Times New Roman">We may not be able to attract and retain skilled people; and</FONT></P></TD></TR>

<TR>

   <TD vAlign=top width="2%"><FONT style="FONT-SIZE: 9.5pt"></FONT></TD>

   <TD width="98%">

   <P align=left>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="2%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT> </TD>

   <TD width="98%">

   <P align=left><FONT size=2 face="Times New Roman">Our future success is substantially dependent on our senior management.</FONT></P></TD></TR></TABLE>

<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">We caution readers not to place undue reliance on any forward-looking statements, which speak only as of the date made, and advise readers that various factors, including those described
above, could affect our financial performance and could cause our actual results or circumstances for future periods to differ materially from those anticipated or projected. See also Item 1A, Risk Factors, in the Form 10-K, which is incorporated herein
by reference, for further information. Except as required by law, we do not undertake, and specifically disclaim any obligation to publicly release any revisions to any forward-looking statements to reflect the occurrence of anticipated or unanticipated
events or circumstances after the date of such statements.</FONT></P>

<P style="TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman">TRANSCAT, INC.</FONT></B></P>

<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">Transcat, Inc. was organized in 1964 under the laws of Ohio. We are a leading provider of accredited calibration and laboratory instrument services and a value-added distributor of
professional grade test, measurement and control instrumentation. We focus on providing services and value-added products to highly regulated industries, particularly the life science industry, which includes pharmaceutical, biotechnology, medical device
and other FDA-regulated businesses. We conduct our business through two operating segments: service (&#8220;Service&#8221;) and distribution (&#8220;Distribution&#8221;). We serve approximately 20,000 and 22,000 customers through our Service and
Distribution segments, respectively, with approximately 30% of those customers transacting with us through both of our business segments. Our executive offices are located at 35 Vantage Point Drive, Rochester, New York.</FONT></P>

<P style="TEXT-ALIGN: left"><B><U><FONT size=2 face="Times New Roman">Our Strategy</FONT></U></B></P>

<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">Our business strategy is to leverage our unique value proposition rooted in the complementary nature of our two operating segments in ways that add value for all customers who select
Transcat as their source for test and measurement equipment and/or calibration and laboratory instrument services. During fiscal year 2017, we made an important, strategic decision to commit capital and leadership investments to advance our
&#8220;Operational Excellence&#8221; initiative. We expect this initiative to result in increased operational efficiency and further differentiation from our competitors as we invest in the information system and process improvements needed to improve
our productivity, effectiveness and our customers&#8217; experiences.</FONT></P>

<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">Within our Service segment, our strategy is to drive double-digit revenue growth both through organic expansion and acquisitions. We have adopted an integrated sales model to drive sales
across the enterprise and capitalize on the cross-selling opportunities between our two segments, especially leveraging our Distribution relationships to develop new Service relationships. We expect to continue to grow our Service business organically by
taking market share from other third party providers and original equipment manufacturers, as well as targeting the outsourcing of in-house calibration labs. We believe an important element in taking market share is our ability to expand into new
technical capabilities that are in demand by our current and target customer base. The other component to our Service growth strategy is acquisitions. There are three drivers of our acquisition strategy: infrastructure leverage, geographic expansion, and
increased capabilities. The majority of our acquisition opportunities are in the $2 million to $6 million annual revenue range, and we are disciplined in our approach to selecting target companies. A focus of our Operational Excellence initiative is to
strengthen our integration process, allowing us to capitalize on acquired sales and cost synergies at a faster pace.</FONT></P>

<P style="TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">3</FONT></P>

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<DIV style="PAGE-BREAK-BEFORE: always"></DIV>



<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">Our Distribution segment strategy is to be the premier value-added distributor of leading handheld test and measurement equipment and to maximize our unique leverage with our Service
segment. Through our vendor relationships, we have access to more than 100,000 products, which we market to our existing and prospective customers both with and without value-added service options that are unique to Transcat. We continuously evaluate our
offerings and add new in-demand vendors and products. In addition to selling and servicing new equipment, we offer rentals of new equipment, and used equipment for sale or rent. We see these various methods of meeting our Distribution customers&#8217;
needs as a way to differentiate ourselves and to diversify this segment&#8217;s customer base from its historically more narrow scope.</FONT></P>

<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">As part of our growth strategy, we completed a number of business acquisitions during our fiscal years 2016 and 2017. Our acquisition strategy primarily targets service businesses that
expand our geographic reach and leverage our infrastructure while also increasing the depth of our service capabilities and expertise.</FONT></P>

<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">We believe our combined Service and Distribution segment offerings, experience, technical expertise and integrity create a unique and compelling value proposition for our customers, and we
intend to continue to grow our business through organic revenue growth and business acquisitions. We consider the attributes of our Service segment, which include higher gross margins and a recurring revenue stream, to be more compelling and scalable
than our legacy Distribution segment. Thus, we expect our Service segment to be the primary source of revenue and earnings growth in future fiscal years.</FONT></P>

<P style="TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman">WHERE YOU CAN FIND MORE INFORMATION</FONT></B></P>

<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">We file annual, quarterly and current reports, proxy statements and other information with the SEC. You may access and read our SEC filings, including the complete registration statement and
all of the exhibits to it, through the SEC&#8217;s website located at http://www.sec.gov. This site contains reports and other information that we file electronically with the SEC. The registration statement and other reports or information can be
inspected, and copies may be obtained, at the SEC&#8217;s Public Reference Room, 100 F Street, N.E., Washington, DC 20549. Information on the operation of the Public Reference Room of the SEC may be obtained by calling the SEC at
1-800-SEC-0330.</FONT></P>

<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">We have filed a registration statement, of which this prospectus is a part, and related exhibits with the SEC under the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;).
This prospectus, filed as part of the registration statement, does not contain all of the information set forth in the registration statement and its exhibits and schedules, portions of which have been omitted as permitted by the rules and regulations of
the SEC. For further information about us and our securities, we refer you to the registration statement and its exhibits and schedules. Statements in this prospectus about the contents of any contract, agreement or other documents are not necessarily
complete and, in each instance, we refer you to the copy of such contract, agreement or document filed as an exhibit to the registration statement, with each such statement being qualified in all respects by reference to the document to which it refers.
You may inspect the registration statement and exhibits without charge at the SEC&#8217;s Public Reference Room or at the SEC&#8217;s web site listed above, and you may obtain copies from the SEC at prescribed rates.</FONT></P>

<P style="TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman">INCORPORATION OF CERTAIN INFORMATION BY REFERENCE</FONT></B></P>

<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">THIS PROSPECTUS INCORPORATES DOCUMENTS BY REFERENCE THAT ARE NOT PRESENTED IN OR DELIVERED WITH THIS PROSPECTUS. YOU SHOULD RELY ONLY ON THE INFORMATION CONTAINED IN THIS PROSPECTUS AND IN
THE DOCUMENTS THAT WE HAVE INCORPORATED BY REFERENCE INTO THIS PROSPECTUS. WE HAVE NOT AUTHORIZED ANYONE TO PROVIDE YOU WITH INFORMATION THAT IS DIFFERENT FROM OR IN ADDITION TO THE INFORMATION CONTAINED IN THIS DOCUMENT AND </FONT><FONT size=2 face="Times New Roman">INCORPORATED BY REFERENCE INTO THIS PROSPECTUS.</FONT></P>

<P style="TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">4</FONT></P>

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<DIV style="PAGE-BREAK-BEFORE: always"></DIV>

<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">We incorporate information into this prospectus by reference, which means that we can disclose important information to you by referring you to those documents. The information incorporated by reference is considered to be part of this prospectus. Because we are incorporating by reference future filings with the SEC, this prospectus is continually updated and those future filings may modify or supersede some of the information included or incorporated in this prospectus. We incorporate by reference the documents listed below and all documents subsequently filed with the SEC pursuant to Section 13(a), 14 or 15(d) of the Exchange Act, after the date of this prospectus and prior to the date this offering is terminated or we issue all of the securities under this prospectus:</FONT></P>
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<TR>
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   <TD vAlign=top width="99%">

   <P style="TEXT-ALIGN: left">Our Annual Report on Form 10-K for the fiscal year ended March 25, 2017, filed June 19, 2017.<BR>&nbsp;</P></TD></TR>
<TR>
   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD>
   <TD vAlign=top width="99%">

   <P style="TEXT-ALIGN: left">Our Quarterly Reports on Form 10-Q for the quarterly period ended June 24, 2017, filed August 4, 2017, and the quarterly period ended September 23, 2017, filed November 3, 2017.<BR>&nbsp;</P></TD></TR>
<TR>
   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD>
   <TD vAlign=middle width="99%">

   <P style="TEXT-ALIGN: left">Our Current Reports on Form 8-K filed on September 15, 2017 and November 2, 2017.<BR>&nbsp;</P></TD></TR>
<TR>
   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD>
   <TD vAlign=top width="99%">

   <P style="TEXT-ALIGN: left">The description of our common stock, par value $0.50 per share, contained in amendment number 1 to our registration statement on Form S-3 (Registration No. 333-42345), filed with the Securities and Exchange Commission on February 5, 1998.</P></TD></TR></TABLE>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">Nothing in this prospectus shall be deemed to incorporate information furnished, but not filed, with the SEC pursuant to Item 2.02 or Item 7.01 of Form 8-K and corresponding information furnished under Item 9.01 of Form 8-K or included as an exhibit.</FONT></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">Information in this prospectus supersedes related information in the documents listed above and information in subsequently filed documents supersedes related information in both this prospectus and the incorporated documents.</FONT></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">You may request orally or in writing, and we will provide you with, a copy of these filings, at no cost, by calling us at (585) 352-7777 or by writing to us at the following address:</FONT></P>
<P style="TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">Corporate Secretary<BR>Transcat, Inc.<BR></FONT><FONT size=2 face="Times New Roman">35 Vantage Point Drive<BR>Rochester, New York 14624</FONT></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">These filings and reports can also be found on our website, located at </FONT><FONT size=2 face="Times New Roman">www.transcat.com</FONT><FONT size=2 face="Times New Roman">, by following the links to &#8220;Investor Relations&#8221; and &#8220;SEC Filings.&#8221;</FONT></P>
<P STYLE="text-align: left; text-indent: 15pt"><B><FONT size=2 face="Times New Roman">The information contained on our website does not constitute a part of this prospectus.</FONT></B></P>
<P style="TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman">RISK FACTORS</FONT></B></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">Investing in our securities involves risks. Before making an investment decision, you should carefully consider the specific risks set forth under the caption &#8220;Risk Factors&#8221; in the applicable prospectus supplement and under the caption &#8220;Risk Factors&#8221; in our filings with the SEC, which are incorporated by reference into this prospectus.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">5</FONT></P>
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<P style="TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman">THE SECURITIES WE MAY OFFER</FONT></B></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">This prospectus contains a summary of the common stock, warrants, purchase contracts, and units that we may offer under this prospectus. The particular material terms of the securities offered by a prospectus supplement will be described in that prospectus supplement. The descriptions herein and in the applicable prospectus supplement do not contain all of the information that you may find useful or that may be important to you. However, this prospectus, the prospectus supplement and the pricing supplement, if applicable, contain the material terms and conditions for each security. The prospectus supplement will also contain information, where applicable, about material U.S. federal income tax considerations relating to the offered securities, and the securities exchange, if any, on which the offered securities will be listed. You should read these documents as well as the documents filed as exhibits to or incorporated by reference to this registration statement. Capitalized terms used in this prospectus that are not defined will have the meanings given them in these documents.</FONT></P>
<P style="TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman">DESCRIPTION OF COMMON STOCK</FONT></B></P>
<P style="TEXT-ALIGN: left"><B><FONT size=2 face="Times New Roman">Introduction</FONT></B></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">The following section describes the material features and rights of our Common Stock. The summary does not purport to be exhaustive and is qualified in its entirety by reference to our Articles of Incorporation and our Code of Regulations, each of which is filed as an exhibit to the Registration Statement of which this prospectus is a part, and to applicable sections of the Ohio General Corporation Law, which we refer to as the &#8220;OGCL&#8221;.</FONT></P>
<P style="TEXT-ALIGN: left"><B><FONT size=2 face="Times New Roman">General</FONT></B></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">We are authorized to issue up to 30,000,000 shares of Common Stock. Each share of Common Stock entitles the holder to the same rights, and is the same in all respects, as each other share of Common Stock. Holders of Common Stock are entitled to: (1) one vote per share on all matters requiring a shareholder vote; (2) a ratable distribution of dividends, if and when, declared by the board of directors (the &#8220;Board&#8221;); and (3) in the event of a liquidation, dissolution or winding up of us, to share ratably in all assets remaining available for distribution to them after payment of liabilities. Holders of Common Stock, as such, have no conversion, preemptive or other subscription rights, and there are no redemption provisions applicable to the Common Stock. The shares of Common Stock, when issued in the manner described in this prospectus, will be fully paid and nonassessable.</FONT></P>
<P style="TEXT-ALIGN: left"><B><FONT size=2 face="Times New Roman">Dividends</FONT></B></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">Our credit agreement, as amended, limits our ability to pay cash dividends to $3.0 million in any fiscal year. We have not declared any cash dividends since our inception and have no current plans to pay any dividends in the foreseeable future.</FONT></P>
<P style="TEXT-ALIGN: left"><B><FONT size=2 face="Times New Roman">Transfer Agent &amp; Registrar</FONT></B></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">The transfer agent and registrar for our Common Stock is Computershare.</FONT></P>

<P style="TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">6</FONT></P>
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<DIV style="PAGE-BREAK-BEFORE: always"></DIV>

 <P style="TEXT-ALIGN: left"><B><FONT size=2 face="Times New Roman">Anti-takeover Effects of Certain Provisions in our Articles of Incorporation, Code of Regulations and the OGCL</FONT></B></P>
<P style="TEXT-ALIGN: left"><I><U><FONT size=2 face="Times New Roman">Articles of Incorporation and Code of Regulations</FONT></U></I></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">Some provisions of our Articles of Incorporation and our Code of Regulations may be deemed to have an anti-takeover effect and may collectively operate to delay, defer or prevent a tender offer, a proxy contest or takeover attempt that a shareholder might consider in his or her best interest, including those attempts that might result in a premium over the market price for the shares held by our shareholders. These provisions are intended to discourage certain types of coercive takeover practices and inadequate takeover bids. This also encourages persons seeking to acquire control of us to negotiate with us first. As a result, shareholders who might desire to participate in such transactions may not have an opportunity to do so. In addition, these provisions will also render the removal of our Board or management more difficult. The following discussion is a summary of certain material provisions of our Articles of Incorporation and our Code of Regulations, copies of which are filed as exhibits to the Registration Statement of which this prospectus is a part.</FONT></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">The Company&#8217;s Articles of Incorporation require the affirmative vote of the holders of at least 75% of the capital stock of the Company entitled to vote in order to authorize: (i) any merger or consolidation of the Company with any other corporation if such transaction would otherwise by law require a vote of the shareholders; (ii) any combination or majority share acquisition with or by any corporation if such transaction would otherwise by law require a vote of the shareholders; or (iii) any lease, sale, exchange, transfer or other disposition of all or substantially all of the assets of the Company to any other person or entity; if, in any such event, such other corporation, person or entity is the beneficial owner of ten percent or more of the outstanding capital stock of the Company entitled to vote thereon. Notwithstanding the forgoing, such restrictions do not apply if the Company&#8217;s Board of Directors approves a memorandum of understanding with the other corporation, person or entity prior to the time it becomes the owner of ten percent or more of the outstanding shares of the Company&#8217;s capital stock.</FONT></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">Additionally, the affirmative vote of the holders of at least 75% of the capital stock of the Company entitled to vote is required to amend, alter or repeal any of the foregoing provisions of the Company&#8217;s Articles of Incorporation.</FONT></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">Finally, the Board is divided into three classes, and the Company&#8217;s Code of Regulations state that the members of each class are elected for a term of three years and only one class of directors is elected annually. Thus, it would take at least two annual elections to replace a majority of our Board.</FONT></P>
<P style="TEXT-ALIGN: left"><I><U><FONT size=2 face="Times New Roman">Ohio General Corporation Law</FONT></U></I></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">Certain provisions of the OGCL make a change in control of an Ohio corporation more difficult. Below is a summary of the Ohio anti-takeover statutes.</FONT></P>
<P style="TEXT-ALIGN: left"><I><U><FONT size=2 face="Times New Roman">Ohio Control Share Acquisition Statute</FONT></U></I></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">The OGCL provides that certain notice and informational filings, and special shareholder meeting and voting procedures, must occur prior to the acquisition of an issuer&#8217;s shares that would entitle the acquirer to exercise or direct the voting power of the issuer in the election of directors within any of the following ranges: (i) one-fifth or more but less than one-third of such voting power, (ii) one-third or more but less than a majority of such voting power; or (iii) a majority or more of such voting power.</FONT></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">The Ohio Control Share Acquisition Statute does not apply to a corporation if its articles of incorporation or code of regulations so provide. We have not opted out of the application of the Ohio Control Share Acquisition Statute.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">7</FONT></P>
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<P style="TEXT-ALIGN: left"><I><U><FONT size=2 face="Times New Roman">Ohio Merger Moratorium Statute</FONT></U></I></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">Chapter 1704 of the OGCL addresses a range of business combinations and other transactions (including mergers, consolidations, asset sales, loans, disproportionate distributions of property and disproportionate issuances or transfers of shares or rights to acquire shares) between an Ohio corporation and an &#8220;Interested Shareholder&#8221; who, alone or with others, may exercise or direct the exercise of at least 10% of the voting power of the corporation in the election of directors. The Ohio Merger Moratorium Statute prohibits such transactions between the corporation and an Interested Shareholder for a period of three years after a person becomes an Interested Shareholder, unless, prior to such date, the directors approved either the business combination or other transaction or approved the acquisition that caused the person to become an Interested Shareholder.</FONT></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">After the three-year period, transactions between the corporation and the Interested Shareholder are permitted if:</FONT></P>
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   <TD vAlign=top width="99%">

   <P style="TEXT-ALIGN: left">the transaction is approved by the holders of shares with at least two-thirds of the voting power of the corporation in the election of directors or the approval of the holders of a majority of the voting shares held by persons other than an Interested Shareholder; or<BR>&nbsp;</P></TD></TR>
<TR>
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   <TD vAlign=top width="99%">
   <P style="TEXT-ALIGN: left">the business combination results in shareholders, other than the Interested Shareholder, receiving the higher of the highest amount paid in the past by the Interested Shareholders for the corporation&#8217;s shares or the amount that would be due to the shareholders if the corporation were to dissolve.</P></TD></TR></TABLE>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">The Ohio Merger Moratorium Statute does not apply to a corporation if its articles of incorporation or code of regulations so provide. We have not opted out of the application of the Ohio Merger Moratorium Statute.</FONT></P>
<P style="TEXT-ALIGN: left"><I><U><FONT size=2 face="Times New Roman">Ohio Anti-Greenmail Statute</FONT></U></I></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">Pursuant to the Ohio Anti-Greenmail Statute, a public corporation formed in Ohio may recover profits that a shareholder makes from the sale of the corporation&#8217;s securities within 18 months after making a proposal to acquire control or publicly disclosing the possibility of a proposal to acquire control. The corporation may not, however, recover from a person who proves either: (i) that his sole purpose in making the proposal was to succeed in acquiring control of the corporation and there were reasonable grounds to believe that he would acquire control of the corporation; or (ii) that his purpose was not to increase any profit or decrease any loss in the shares. Also, before the corporation may obtain any recovery, the aggregate amount of the profit realized by such person must exceed $250,000. Any shareholder may bring an action on behalf of the corporation if a corporation refuses to bring an action to recover these profits. The party bringing such an action may recover his attorneys&#8217; fees if the court having jurisdiction over such action orders recovery of any profits.</FONT></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">The Ohio Anti-Greenmail Statute does not apply to a corporation if its articles of incorporation or code of regulations so provide. We have not opted out of the application of the Ohio Anti-Greenmail Statute.</FONT></P>
<P style="TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman">DESCRIPTION OF WARRANTS</FONT></B></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">We may issue warrants to purchase our common stock. We may offer warrants separately or together with one or more additional warrants, common stock, or any combination of those securities in the form of units, as described in the appropriate prospectus supplement. If we issue warrants as part of a unit, the accompanying prospectus supplement will specify whether those warrants may be separated from the other securities in the unit prior to the warrants&#146; expiration date. Below is a description of certain general terms and provisions of the warrants that we may offer. Further terms of the warrants will be described in the prospectus supplement.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">8</FONT></P>
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<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">The applicable prospectus supplement will contain, where applicable, the following terms of and other information relating to the warrants:</FONT></P>
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   <P style="TEXT-ALIGN: left">the specific designation and aggregate number of, and the price at which we will issue, the warrants;<BR>&nbsp;</P></TD></TR>
<TR>
   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD>
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   <P style="TEXT-ALIGN: left">the currency or currency units in which the offering price, if any, and the exercise price are payable;<BR>&nbsp;</P></TD></TR>
<TR>
   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD>
   <TD vAlign=top width="99%">

   <P style="TEXT-ALIGN: left">the date on which the right to exercise the warrants will begin and the date on which that right will expire or, if you may not continuously exercise the warrants throughout that period, the specific date or dates on which you may exercise the warrants;<BR>&nbsp;</P></TD></TR>
<TR>
   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD>
   <TD vAlign=top width="99%">

   <P style="TEXT-ALIGN: left">any applicable anti-dilution provisions;<BR>&nbsp;</P></TD></TR>
<TR>
   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD>
   <TD vAlign=top width="99%">

   <P style="TEXT-ALIGN: left">any applicable redemption or call provisions;<BR>&nbsp;</P></TD></TR>
<TR>
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   <P style="TEXT-ALIGN: left">the circumstances under which the warrant exercise price may be adjusted;<BR>&nbsp;</P></TD></TR>
<TR>
   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD>
   <TD vAlign=top width="99%">

   <P style="TEXT-ALIGN: left">whether the warrants will be issued in fully registered form or bearer form, in definitive or global form or in any combination of these forms, although, in any case, the form of a warrant included in a unit will correspond to the form of the unit and of any security included in that unit;<BR>&nbsp;</P></TD></TR>
<TR>
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   <TD vAlign=top width="99%">

   <P style="TEXT-ALIGN: left">any applicable material United States federal income tax consequences;<BR>&nbsp;</P></TD></TR>
<TR>
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   <TD vAlign=top width="99%">

   <P style="TEXT-ALIGN: left">the identity of the warrant agent for the warrants and of any other depositaries, execution or paying agents, transfer agents, registrars or other agents;<BR>&nbsp;</P></TD></TR>
<TR>
   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD>
   <TD vAlign=top width="99%">

   <P style="TEXT-ALIGN: left">the proposed listing, if any, of the warrants or any securities purchasable upon exercise of the warrants on any securities exchange;<BR>&nbsp;</P></TD></TR>
<TR>
   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD>
   <TD vAlign=top width="99%">

   <P style="TEXT-ALIGN: left">the designation and terms of the common stock purchasable upon exercise of the warrants;<BR>&nbsp;</P></TD></TR>
<TR>
   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD>
   <TD vAlign=top width="99%">

   <P style="TEXT-ALIGN: left">if applicable, the designation and terms of the common stock with which the warrants are issued and the number of warrants issued with each security;<BR>&nbsp;</P></TD></TR>
<TR>
   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD>
   <TD vAlign=top width="99%">

   <P style="TEXT-ALIGN: left">if applicable, the date from and after which the warrants and the related common stock will be separately transferable;<BR>&nbsp;</P></TD></TR>
<TR>
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   <TD vAlign=top width="99%">

   <P style="TEXT-ALIGN: left">the number of shares of common stock purchasable upon exercise of a warrant and the price at which those shares may be purchased;<BR>&nbsp;</P></TD></TR>
<TR>
   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD>
   <TD vAlign=top width="99%">

   <P style="TEXT-ALIGN: left">if applicable, the minimum or maximum amount of the warrants that may be exercised at any one time;<BR>&nbsp;</P></TD></TR>
<TR>
   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD>
   <TD vAlign=top width="99%">

   <P style="TEXT-ALIGN: left">information with respect to book-entry procedures, if any;<BR>&nbsp;</P></TD></TR>
<TR>
   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD>
   <TD vAlign=top width="99%">

   <P style="TEXT-ALIGN: left">whether the warrants are to be sold separately or with other securities as parts of units; and<BR>&nbsp;</P></TD></TR>
<TR>
   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD>
   <TD vAlign=top width="99%">

   <P style="TEXT-ALIGN: left">any additional terms of the warrants, including terms, procedures and limitations relating to the exchange and exercise of the warrants.</P></TD></TR></TABLE>
<P style="TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman">DESCRIPTION OF PURCHASE CONTRACTS</FONT></B></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">We may issue purchase contracts, including purchase contracts issued as part of a unit with one or more other securities, for the purchase or sale of our common stock. The price per share of common stock may be fixed at the time the purchase contracts are issued or may be determined by reference to a specific formula contained in the purchase contracts. We may issue purchase contracts in such amounts and in as many distinct series as we wish.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">9</FONT></P>
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<DIV style="PAGE-BREAK-BEFORE: always"></DIV>


<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">The applicable prospectus supplement may contain, where applicable, the following information about the purchase contracts issued under it:</FONT></P>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 width="100%" border=0>

<TR>
   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD>
   <TD vAlign=top width="99%">

   <P style="TEXT-ALIGN: left">whether the purchase contracts obligate the holder to purchase or sell, or both, our common stock, and the nature and amount of those securities, or method of determining those amounts;<BR>&nbsp;</P></TD></TR>
<TR>
   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD>
   <TD vAlign=top width="99%">

   <P style="TEXT-ALIGN: left">whether the purchase contracts are to be prepaid or not;<BR>&nbsp;</P></TD></TR>
<TR>
   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD>
   <TD vAlign=top width="99%">

   <P style="TEXT-ALIGN: left">whether the purchase contracts are to be settled by delivery, or by reference or linkage to the value, performance or level of our common stock;<BR>&nbsp;</P></TD></TR>
<TR>
   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD>
   <TD vAlign=top width="99%">

   <P style="TEXT-ALIGN: left">any acceleration, cancellation, termination or other provisions relating to the settlement of the purchase contracts;<BR>&nbsp;</P></TD></TR>
<TR>
   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD>
   <TD vAlign=top width="99%">

   <P style="TEXT-ALIGN: left">United States federal income tax considerations relevant to the purchase contracts; and<BR>&nbsp;</P></TD></TR>
<TR>
   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD>
   <TD vAlign=top width="99%">

   <P style="TEXT-ALIGN: left">whether the purchase contracts will be issued in fully registered global form.</P></TD></TR></TABLE>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">The applicable prospectus supplement will describe the terms of any purchase contracts. The preceding description and any description of purchase contracts in the applicable prospectus supplement does not purport to be complete and is subject to and is qualified in its entirety by reference to the purchase contract agreement and, if applicable, collateral arrangements and depositary arrangements relating to such purchase contracts.</FONT></P>
<P style="TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman">DESCRIPTION OF UNITS</FONT></B></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">We may issue units comprised of two or more of the other securities described in this prospectus in any combination. Each unit will be issued so that the holder of the unit is also the holder of each security included in the unit. Thus, the holder of a unit will have the rights and obligations of a holder of each included security. The unit agreement under which a unit is issued may provide that the securities included in the unit may not be held or transferred separately, at any time or at any time before a specified date.</FONT></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">The applicable prospectus supplement may describe:</FONT></P>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 width="100%" border=0>

<TR>
   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD>
   <TD vAlign=top width="99%">

   <P style="TEXT-ALIGN: left">the designation and terms of the units and of the securities comprising the units, including whether and under what circumstances those securities may be held or transferred separately;<BR>&nbsp;</P></TD></TR>
<TR>
   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD>
   <TD vAlign=top width="99%">

   <P style="TEXT-ALIGN: left">any provisions for the issuance, payment, settlement, transfer or exchange of the units or of the securities comprising the units;<BR>&nbsp;</P></TD></TR>
<TR>
   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD>
   <TD vAlign=top width="99%">

   <P style="TEXT-ALIGN: left">the terms of the unit agreement governing the units;<BR>&nbsp;</P></TD></TR>
<TR>
   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD>
   <TD vAlign=top width="99%">

   <P style="TEXT-ALIGN: left">United States federal income tax considerations relevant to the units; and<BR>&nbsp;</P></TD></TR>
<TR>
   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD>
   <TD vAlign=top width="99%">

   <P style="TEXT-ALIGN: left">whether the units will be issued in fully registered or global form.</P></TD></TR></TABLE>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">The preceding description and any description of units in the applicable prospectus supplement does not purport to be complete and is subject to and is qualified in its entirety by reference to the form of unit agreement which will be filed with the SEC in connection with the offering of such units, and, if applicable, collateral arrangements and depositary arrangements relating to such units.</FONT></P>
<P style="TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman">USE OF PROCEEDS</FONT></B></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">We intend to use the net proceeds from the sale of the securities for general corporate purposes unless otherwise indicated in the prospectus supplement relating to a specific issue of securities. Our general corporate purposes may include the acquisition of companies, businesses or assets; repayment and refinancing of debt; capital expenditures; and working capital. The prospectus supplement with respect to an offering of securities may identify different or additional uses for the proceeds of such offering.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">10</FONT></P>
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<DIV style="PAGE-BREAK-BEFORE: always"></DIV>


<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">The precise amounts and the timing of our use of the net proceeds will depend upon market conditions, the availability of other funds and other factors. Until we use the net proceeds from the sale of any of the securities for general corporate purposes, we expect to either reduce our indebtedness or invest in investment grade, interest-bearing securities.</FONT></P>
<P style="TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman">PLAN OF DISTRIBUTION</FONT></B></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">We may sell our securities in any of the following ways:</FONT></P>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 width="100%" border=0>

<TR>
   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD>
   <TD vAlign=top width="99%">

   <P align=left>to or through underwriters;<BR>&nbsp;</P></TD></TR>
<TR>
   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD>
   <TD vAlign=top width="99%">

   <P align=left>through agents;<BR>&nbsp;</P></TD></TR>
<TR>
   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD>
   <TD vAlign=top width="99%">

   <P align=left>through broker-dealers (acting as agent or principal);<BR>&nbsp;</P></TD></TR>
<TR>
   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD>
   <TD vAlign=top width="99%">

   <P align=left>directly by us to purchasers, through a specific bidding or auction process or otherwise; or<BR>&nbsp;</P></TD></TR>
<TR>
   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD>
   <TD vAlign=top width="99%">

   <P align=left>through a combination of any such methods of sale.</P></TD></TR></TABLE>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">Each time that we use this prospectus to sell our securities, we will also provide a prospectus supplement that contains the specific terms of such offering. The prospectus supplement will set forth the terms of the offering of such securities, including:</FONT></P>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 width="100%" border=0>

<TR>
   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD>
   <TD vAlign=top width="99%">

   <P align=left>the name or names of any underwriters, dealers or agents and the type and amounts of securities underwritten or purchased by each of them;<BR>&nbsp;</P></TD></TR>
<TR>
   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD>
   <TD vAlign=top width="99%">

   <P align=left>the public offering price of the securities and the proceeds to us and any discounts, commissions or concessions allowed or reallowed or paid to underwriters, dealers or agents;<BR>&nbsp;</P></TD></TR>
<TR>
   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD>
   <TD vAlign=top width="99%">

   <P align=left>any exchange on which the securities will be issued; and<BR>&nbsp;</P></TD></TR>
<TR>
   <TD style="PADDING-LEFT: 15pt; PADDING-RIGHT: 8pt" vAlign=top width="1%"><FONT style="FONT-SIZE: 9.5pt">&#9679;</FONT></TD>
   <TD vAlign=top width="99%">

   <P align=left>all other items constituting underwriting compensation.</P></TD></TR></TABLE>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">If we use underwriters in the sale of any securities on a firm commitment basis, the securities will be acquired by the underwriters for their own account and may be resold from time to time in one or more transactions, including negotiated transactions, at a fixed public offering price or at varying prices determined at the time of sale. The securities may be either offered to the public through underwriting syndicates represented by managing underwriters, or directly by underwriters. Generally, the underwriters&#8217; obligations to purchase the securities will be subject to certain conditions precedent. The underwriters will be obligated to purchase all of the securities if they purchase any of the securities. We may also engage underwriters on a best efforts basis.</FONT></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">We may sell the securities through agents from time to time. The prospectus supplement will name any agent involved in the offer or sale of our securities and any commissions we pay to them. Generally, any agent will be acting on a best efforts basis for the period of its appointment.</FONT></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">To the extent that we make sales to or through one or more underwriters or agents in at-the-market offerings, we will do so pursuant to the terms of a distribution agreement between us and the underwriters or agents. If we engage in at-the-market sales pursuant to a distribution agreement, we will issue and sell shares of our common stock to or through one or more underwriters or agents, which may act on an agency basis or on a principal basis. During the term of any such agreement, we may sell shares on a daily basis in exchange transactions or otherwise as we agree with the underwriters or agents. The distribution agreement will provide that any shares of our common stock sold will be sold at prices related to the then prevailing market prices for our common stock. Therefore, exact figures regarding proceeds that will be raised or commissions to be paid cannot be determined at this time and will be described in a prospectus supplement. Pursuant to the terms of the distribution agreement, we also may agree to sell, and the relevant underwriters or agents may agree to solicit offers to purchase, blocks of our common stock or other securities. The terms of each such distribution agreement will be set forth in more detail in a prospectus supplement to this prospectus. If any underwriter or agent acts as principal, or broker dealer acts as underwriter, it may engage in certain transactions that stabilize, maintain or otherwise affect the price of our securities. We will describe any such activities in the prospectus supplement relating to the transaction.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">11</FONT></P>
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<DIV style="PAGE-BREAK-BEFORE: always"></DIV>


<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">In the sale of the securities, underwriters or agents may receive compensation from us in the form of underwriting discounts or commissions and may also receive compensation from purchasers of the securities, for whom they may act as agents, in the form of discounts, concessions or commissions. Underwriters may sell the securities to or through dealers, and such dealers may receive compensation in the form of discounts, concessions or commissions from the underwriters and/or commissions from the purchasers for whom they may act as agents. Discounts, concessions and commissions may be changed from time to time. Dealers and agents that participate in the distribution of the securities may be deemed to be underwriters under the Securities Act, and any discounts, concessions or commissions they receive from us and any profit on the resale of securities they realize may be deemed to be underwriting compensation under applicable federal and state securities laws.</FONT></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">We may authorize underwriters, dealers or agents to solicit offers by certain purchasers to purchase our securities at the public offering price set forth in the prospectus supplement pursuant to delayed delivery contracts providing for payment and delivery on a specified date in the future. The contracts will be subject only to those conditions set forth in the prospectus supplement, and the prospectus supplement will set forth any commissions or discounts we pay for solicitation of these contracts.</FONT></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">Agents and underwriters may be entitled to indemnification by us against certain civil liabilities, including liabilities under the Securities Act of 1933, as amended, or to contribution with respect to payments which the agents or underwriters may be required to make in respect thereof. Agents and underwriters may be customers of, engage in transactions with, or perform services for us in the ordinary course of business.</FONT></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">We may enter into derivative transactions with third parties, or sell securities not covered by this prospectus to third parties in privately negotiated transactions. If the applicable prospectus supplement indicates in connection with those derivatives then the third parties may sell securities covered by this prospectus and the applicable prospectus supplement, including in short sale transactions. If so, the third party may use securities pledged by us or borrowed from us or others to settle those sales or to close out any related open borrowings of stock, and may use securities received from us in settlement of those derivatives to close out any related open borrowings of securities. The third party in such sale transactions will be an underwriter and will be identified in the applicable prospectus supplement (or a post-effective amendment).</FONT></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">Until the distribution of the securities is completed, rules of the SEC may limit the ability of any underwriters and selling group members to bid for and purchase the securities. As an exception to these rules, underwriters are permitted to engage in some transactions that stabilize the price of the securities. Such transactions consist of bids or purchases for the purpose of pegging, fixing or maintaining the price of the securities.</FONT></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">Underwriters may engage in overallotment. If an underwriter creates a short position in offered securities by selling more securities than are set forth on the cover page of the applicable prospectus supplement, the underwriters may reduce that short position by purchasing the securities in the open market.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">12</FONT></P>
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<DIV style="PAGE-BREAK-BEFORE: always"></DIV>


<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">The lead underwriters may also impose a penalty bid on other underwriters and selling group members participating in an offering. This means that if the lead underwriters purchase securities in the open market to reduce the underwriters' short position or to stabilize the price of the securities, they may reclaim the amount of any selling concession from the underwriters and selling group members who sold those securities as part of the offering.</FONT></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">Any person participating in the distribution of common stock registered under the registration statement that includes this prospectus will be subject to applicable provisions of the Securities Act, Exchange Act, and the applicable SEC rules and regulations, including, among others, Regulation M, which may limit the timing of purchases and sales of any of our common stock by any such person. Furthermore, Regulation M may restrict the ability of any person engaged in the distribution of our common stock to engage in market-making activities with respect to our common stock. These restrictions may affect the marketability of our common stock and the ability of any person or entity to engage in market-making activities with respect to our common </FONT><FONT size=2 face="Times New Roman">stock.</FONT></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">If more than 10% of the net proceeds of any offering of securities made under this prospectus will be received by Financial Industry Regulatory Authority (&#8220;FINRA&#8221;) members participating in the offering, or affiliates or associated persons of such FINRA members, the offering will be conducted in accordance with FINRA Rule 5110.</FONT></P>
<P style="TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman">LEGAL MATTERS</FONT></B></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">The validity of the securities offered hereby will be passed upon for us by Harter Secrest &amp; Emery LLP, Rochester, N.Y.</FONT></P>
<P style="TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman">EXPERTS</FONT></B></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">The consolidated financial statements of Transcat, Inc. as of March 25, 2017 and March 26, 2016, and for each of the years in the two-year period ended March 25, 2017, have been incorporated by reference herein, in reliance upon the reports of Freed Maxick CPAs, P.C., independent registered public accounting firm, incorporated by reference herein, and upon the authority of said firm as experts in accounting and auditing.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">13</FONT></P>
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<P style="TEXT-ALIGN: center"><B><FONT size=5 face="Times New Roman">$50,000,000<BR><BR></FONT></B></P>

<P style="TEXT-ALIGN: center"><B><FONT size=5 face="Times New Roman">Transcat, Inc.</FONT></B></P>

<P align=center>
<IMG border=0 src="transcat3356301-s33x1x1.jpg">&nbsp;</P>

<P align=center><B><FONT size=2 face="Times New Roman">Common Stock<BR>Warrants<BR>Purchase Contracts<BR>Units</FONT></B></P><BR>
<BR>
<BR>
<BR>


<DIV align=center>

<TABLE style="WIDTH: 15%; BORDER-COLLAPSE: collapse; LINE-HEIGHT: normal" cellSpacing=0 cellPadding=0 border=0>



<TR vAlign=bottom>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" width="100%" noWrap align=center><B><FONT size=2 face="Times New Roman">&nbsp;<BR>Prospectus<BR>&nbsp;</FONT></B></TD></TR></TABLE></DIV>

<P style="MARGIN: 0px"></P>

<P style="TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman"><BR><BR><BR><BR><BR><BR>December 20, 2017</FONT></B></P>

<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">No dealer, salesperson or other person is authorized to give any information or to represent anything not contained in this prospectus. You must not rely on any unauthorized information or representations. This prospectus is an offer to sell only the Securities offered hereby, but only under circumstances and in jurisdictions where it is lawful to do so. The information contained in this prospectus is current only as of its date.</FONT></P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always"></DIV>



<P style="TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman">PART II<BR></FONT></B><B><FONT size=2 face="Times New Roman">INFORMATION NOT REQUIRED IN PROSPECTUS</FONT></B></P>

<P style="TEXT-ALIGN: left"><B><FONT size=2 face="Times New Roman">Item 14. Other Expenses of Issuance and Distribution.</FONT></B></P>

<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">The expenses (other than underwriting compensation) to be incurred by us in connection with the issuance and distribution of our securities being registered hereby are:</FONT></P>

<TABLE style="WIDTH: 80%; BORDER-COLLAPSE: collapse; LINE-HEIGHT: 14pt" cellSpacing=0 cellPadding=0 border=0>



<TR STYLE="vertical-align: bottom; background-color: Silver">

   <TD width="100%" noWrap align=left><FONT size=2 face="Times New Roman">Securities and Exchange Commission filing fee</FONT></TD>

   <TD width="1%" noWrap align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right; padding-right: 2pt"><FONT size=2 face="Times New Roman">$</FONT></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">6,225</FONT></TD></TR>

<TR STYLE="vertical-align: bottom; background-color: White">

   <TD width="100%" noWrap align=left><FONT size=2 face="Times New Roman">Accounting fees and expenses</FONT></TD>

   <TD width="1%" noWrap align=right></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right; padding-right: 2pt"></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">*</FONT></TD></TR>

<TR STYLE="vertical-align: bottom; background-color: Silver">

   <TD width="100%" noWrap align=left><FONT size=2 face="Times New Roman">Legal fees and expenses</FONT></TD>

   <TD width="1%" noWrap align=right></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right; padding-right: 2pt"></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">*</FONT></TD></TR>

<TR STYLE="vertical-align: bottom; background-color: White">

   <TD width="100%" noWrap align=left><FONT size=2 face="Times New Roman">Printing fees</FONT></TD>

   <TD width="1%" noWrap align=right></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right; padding-right: 2pt"></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">*</FONT></TD></TR>

<TR STYLE="vertical-align: bottom; background-color: Silver">

   <TD width="100%" noWrap align=left><FONT size=2 face="Times New Roman">Miscellaneous</FONT></TD>

   <TD width="1%" noWrap align=right></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right; padding-right: 2pt"></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">*</FONT></TD></TR>

<TR STYLE="vertical-align: bottom; background-color: White">

   <TD width="100%" noWrap align=left><B><FONT size=2 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total expenses</FONT></B></TD>

   <TD width="1%" noWrap align=right><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: right; padding-right: 2pt"><FONT size=2 face="Times New Roman">$</FONT></TD>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">6,225</FONT></TD></TR></TABLE>

<DIV>____________________</DIV><BR>

<TABLE style="BORDER-COLLAPSE: collapse; LINE-HEIGHT: normal" cellSpacing=0 cellPadding=0 width="100%" border=0>



<TR>

   <TD NOWRAP STYLE="vertical-align: top; width: 2%; padding-right: 15pt"><FONT size=2 face="Times New Roman">*</FONT></TD>

   <TD width="98%">

   <P align=left><FONT size=2 face="Times New Roman">Estimated expenses are not presently known. The foregoing sets forth the general categories of expenses (other than underwriting discounts and commissions) that we anticipate we will incur in connection with the offering of our securities under this registration statement. An estimate of the various expenses in connection with the issuance and distribution of our common stock being offered will be included in the applicable prospectus supplement.</FONT></P></TD></TR></TABLE>

<P style="TEXT-ALIGN: left"><B><FONT size=2 face="Times New Roman">Item 15. Indemnification of Directors and Officers.</FONT></B></P>

<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">We are incorporated under the Ohio General Corporation Law (the &#8220;OGCL&#8221;).</FONT></P>

<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">Article VI of the Company&#8217;s Code of Regulations, as amended, provides that the registrant shall indemnify its directors and officers to the fullest extent authorized by the OGCL. With respect to indemnification of directors and officers, Section 1701.13 of the OGCL provides that a corporation may indemnify or agree to indemnify any person who was or is a party, or is threatened to be made a party, to any threatened, pending or completed action, suit, or proceeding, whether civil, criminal, administrative or investigative, other than an action by or in the right of the corporation, by reason of the fact that he is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, trustee, officer, employee, member, manager or agent of another corporation, domestic or foreign, nonprofit or for profit, a limited liability company, or a partnership, joint venture, trust or other enterprise, against expenses, including attorneys&#8217; fees, judgments, fines and amounts paid in settlement actually and reasonably incurred by him in connection with such action, suit, or proceeding, if he acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, if he had no reasonable cause to believe his conduct was unlawful. Under this provision of the OGCL, the termination of any action, suit or proceeding by judgment, order, settlement, or conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that the person did not act in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, he had reasonable cause to believe that his conduct is unlawful.</FONT></P>

<P style="TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">II-1</FONT></P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always"></DIV>



<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">Furthermore, the OGCL provides that a corporation may indemnify or agree to indemnify any person who was or is a party, or is threatened to be made a party, to any threatened, pending, or completed action or suit by or in the right of the corporation to procure a judgment in its favor by reason of the fact that he is or was a director, officer, employee, or agent of the corporation, or is or was serving at the request of the corporation as a director, trustee, officer, employee, member, manager, or agent of another corporation, domestic or foreign, nonprofit or for profit, a limited liability company, or a partnership, joint venture, trust or other enterprise, against expenses, including attorneys&#8217; fees, actually and reasonably incurred by him in connection with the defense or settlement of such action or suit, if he acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the corporation, except that no indemnification shall be made in respect of: (i) any claim, issue or matter as to which such person is adjudged to be liable for negligence or misconduct in the performance of his duty to the corporation unless, and only to the extent that, the court of common pleas or the court in which such action or suit was brought determines, upon application, that, despite the adjudication of liability, but in view of all the circumstances of the case, such person is fairly and reasonably entitled to indemnify for such expenses as the court of common pleas or such other court shall deem proper; or (ii) any action or suit in which the only liability asserted against a director is pursuant to OGCL Section 1701.95 (relating to unlawful loans, dividends, and distributions of assets).</FONT></P>

<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">In addition, Section 1701.13(E)(5)(a) requires a corporation to pay any expenses, including attorneys&#8217; fees, of a director in defending an action, suit, or proceeding referred to above as they are incurred, in advance of the final disposition of the action, suit, or proceeding, upon receipt of an undertaking by or on behalf of the director in which he agrees to both (i) repay such amount if it is proved by clear and convincing evidence that his action or failure to act involved an act or omission undertaken with deliberate intent to cause injury to the corporation or undertaken with reckless disregard for the best interests of the corporation and (ii) reasonably cooperate with the corporation concerning the action, suit, or proceeding. Section 1701.13(E)(7) and (F)(2) further authorizes a corporation to enter into contracts regarding indemnification and to purchase and maintain insurance on behalf of any director, trustee, officer, employee or agent for any liability asserted against him or arising out of his status as such. The Company presently maintains insurance policies that provide coverage for our directors and officers in certain situations where we cannot directly indemnify such directors or officers.</FONT></P>

<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers or persons controlling us pursuant to the foregoing provisions, we have been informed that in the opinion of the Securities and Exchange Commission, such indemnification is against public policy as expressed in the Securities Act of 1933, as amended, and is therefore unenforceable.</FONT></P>

<P style="TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">II-2</FONT></P>

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<DIV style="PAGE-BREAK-BEFORE: always"></DIV>



<P style="TEXT-ALIGN: left"><B><FONT size=2 face="Times New Roman">Item 16. Exhibits and Financial Statement Schedules.</FONT></B></P>

<P style="TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman">EXHIBIT INDEX</FONT></B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" BORDER="0" STYLE="line-height: normal; width: 100%">



<TR vAlign=bottom>

   <TD STYLE="width: 1%; text-align: left; vertical-align: top"></TD>

   <TD STYLE="width: 1%; text-align: left; vertical-align: top">&nbsp;&nbsp;&nbsp;</TD>

   <TD NOWRAP STYLE="width: 1%; text-align: center; vertical-align: bottom"><B><FONT size=2 face="Times New Roman">Exhibit No.</FONT></B></TD>

   <TD STYLE="width: 1%; text-align: left; vertical-align: top">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD STYLE="width: 100%; text-align: center; vertical-align: bottom"><B><FONT size=2 face="Times New Roman">Description</FONT></B></TD></TR>

<TR STYLE="vertical-align: bottom; background-color: Silver">

   <TD STYLE="text-align: left; vertical-align: top"><B><FONT size=2 face="Times New Roman">**</FONT></B></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman">1.1</FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman">Form of Underwriting Agreement</FONT></TD></TR>


<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">

   <TD STYLE="text-align: left; vertical-align: top"></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><A HREF="http://www.sec.gov/Archives/edgar/data/99302/0000891839-95-000018.txt" STYLE="-sec-extract: exhibit"><FONT size=2 face="Times New Roman">3.1</FONT></A></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><A HREF="http://www.sec.gov/Archives/edgar/data/99302/0000891839-95-000018.txt" STYLE="-sec-extract: exhibit"><FONT size=2 face="Times New Roman">The Articles of Incorporation, as amended (the &#8220;Articles&#8221;), are incorporated herein by reference from Exhibit 4(a) to the Company&#8217;s Registration Statement on Form S-8 (Registration No. 33-61665) filed on August 8, 1995.</FONT></A></TD></TR>


<TR STYLE="vertical-align: bottom; background-color: White">
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">

   <TD STYLE="text-align: left; vertical-align: top"></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><A HREF="http://www.sec.gov/Archives/edgar/data/99302/000095015299008756/0000950152-99-008756.txt" STYLE="-sec-extract: exhibit"><FONT size=2 face="Times New Roman">3.2</FONT></A></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><A HREF="http://www.sec.gov/Archives/edgar/data/99302/000095015299008756/0000950152-99-008756.txt" STYLE="-sec-extract: exhibit"><FONT size=2 face="Times New Roman">Certificate of Amendment to the Articles is incorporated herein by reference from Exhibit 3(i) to the Company&#8217;s Quarterly Report on Form 10-Q for the quarter ended September 30, 1999.</FONT></A></TD></TR>


<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">

   <TD STYLE="text-align: left; vertical-align: top"></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><A HREF="http://www.sec.gov/Archives/edgar/data/99302/000119312512276871/d284998dex31.htm" STYLE="-sec-extract: exhibit"><FONT size=2 face="Times New Roman">3.3</FONT></A></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><A HREF="http://www.sec.gov/Archives/edgar/data/99302/000119312512276871/d284998dex31.htm" STYLE="-sec-extract: exhibit"><FONT size=2 face="Times New Roman">Certificate of Amendment to the Articles is incorporated herein by reference from Exhibit 3.1 to the Company&#8217;s Annual Report on Form 10-K for the year ended March 21, 2012.</FONT></A></TD></TR>


<TR STYLE="vertical-align: bottom; background-color: White">
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">

   <TD STYLE="text-align: left; vertical-align: top"></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><A HREF="http://www.sec.gov/Archives/edgar/data/99302/000120677415003416/exhibit3-1.htm" STYLE="-sec-extract: exhibit"><FONT size=2 face="Times New Roman">3.4</FONT></A></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><A HREF="http://www.sec.gov/Archives/edgar/data/99302/000120677415003416/exhibit3-1.htm" STYLE="-sec-extract: exhibit"><FONT size=2 face="Times New Roman">Certificate of Amendment to the Articles is incorporated herein by reference from Exhibit 3.1 to the Company&#8217;s Quarterly Report on Form 10-Q for the quarter ended September 26, 2015.</FONT></A></TD></TR>


<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">

   <TD STYLE="text-align: left; vertical-align: top"></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><A HREF="http://www.sec.gov/Archives/edgar/data/99302/000117184314002280/exh_31.htm" STYLE="-sec-extract: exhibit"><FONT size=2 face="Times New Roman">3.5</FONT></A></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><A HREF="http://www.sec.gov/Archives/edgar/data/99302/000117184314002280/exh_31.htm" STYLE="-sec-extract: exhibit"><FONT size=2 face="Times New Roman">Code of Regulations, as amended through May 4, 2014, are incorporated herein by reference from Exhibit 3.1 to the Company&#8217;s Current Report on Form 8-K filed on May 5, 2014.</FONT></A></TD></TR>


<TR STYLE="vertical-align: bottom; background-color: White">
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">

   <TD STYLE="text-align: left; vertical-align: top"></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman">4.1</FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman">Form of Common Stock Certificate is incorporated herein by reference from Exhibit 4 to Amendment No. 1 to the Company&#8217;s Registration Statement on Form S-1 (Registration No. 2-27910) filed on December 22, 1967.</FONT></TD></TR>


<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">

   <TD STYLE="text-align: left; vertical-align: top"><B><FONT size=2 face="Times New Roman">**</FONT></B></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman">4.2</FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman">Form of Warrant Agreement (including Form of Warrant Certificate) with respect to Warrants to Purchase Common Stock or Units.</FONT></TD></TR>


<TR STYLE="vertical-align: bottom; background-color: White">
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">

   <TD STYLE="text-align: left; vertical-align: top"><B><FONT size=2 face="Times New Roman">**</FONT></B></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman">4.3</FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman">Form of Purchase Contract Agreement</FONT></TD></TR>


<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">

   <TD STYLE="text-align: left; vertical-align: top"><B><FONT size=2 face="Times New Roman">**</FONT></B></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman">4.4</FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman">Form of Unit Agreement</FONT></TD></TR>


<TR STYLE="vertical-align: bottom; background-color: White">
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">

   <TD STYLE="text-align: left; vertical-align: top"><A HREF="transcat3356301-ex51.htm" STYLE="-sec-extract: exhibit"><B><FONT size=2 face="Times New Roman">*</FONT></B></A></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><A HREF="transcat3356301-ex51.htm" STYLE="-sec-extract: exhibit"><FONT size=2 face="Times New Roman">5.1</FONT></A></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><A HREF="transcat3356301-ex51.htm" STYLE="-sec-extract: exhibit"><FONT size=2 face="Times New Roman">Opinion of Harter Secrest &amp; Emery LLP</FONT></A></TD></TR>


<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">

   <TD STYLE="text-align: left; vertical-align: top"><A HREF="transcat3356301-ex231.htm" STYLE="-sec-extract: exhibit"><B><FONT size=2 face="Times New Roman">*</FONT></B></A></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><A HREF="transcat3356301-ex231.htm" STYLE="-sec-extract: exhibit"><FONT size=2 face="Times New Roman">23.1</FONT></A></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><A HREF="transcat3356301-ex231.htm" STYLE="-sec-extract: exhibit"><FONT size=2 face="Times New Roman">Consent of Freed Maxick CPAs, P.C.</FONT></A></TD></TR>


<TR STYLE="vertical-align: bottom; background-color: White">
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Silver">

   <TD STYLE="text-align: left; vertical-align: top"><A HREF="transcat3356301-ex51.htm" STYLE="-sec-extract: exhibit"><B><FONT size=2 face="Times New Roman">*</FONT></B></A></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><A HREF="transcat3356301-ex51.htm" STYLE="-sec-extract: exhibit"><FONT size=2 face="Times New Roman">23.2</FONT></A></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><A HREF="transcat3356301-ex51.htm" STYLE="-sec-extract: exhibit"><FONT size=2 face="Times New Roman">Consent of Harter Secrest &amp; Emery LLP (included in Exhibit 5.1 filed herewith)</FONT></A></TD></TR>


<TR STYLE="vertical-align: bottom; background-color: Silver">
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
   <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">

   <TD STYLE="text-align: left; vertical-align: top"><A HREF="#ex241"><B><FONT size=2 face="Times New Roman">*</FONT></B></A></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><A HREF="#ex241"><FONT size=2 face="Times New Roman">24.1</FONT></A></TD>

   <TD STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="text-align: left; vertical-align: top"><A HREF="#ex241"><FONT size=2 face="Times New Roman">Power of Attorney (included in the signature page of this Registration Statement)</FONT></A></TD></TR></TABLE>

<DIV>____________________</DIV><BR>

<TABLE CELLSPACING="0" CELLPADDING="0" BORDER="0" STYLE="line-height: normal; width: 100%">



<TR>

   <TD NOWRAP STYLE="vertical-align: top; width: 2%; padding-right: 15pt"><FONT size=2 face="Times New Roman">*</FONT></TD>

   <TD STYLE="width: 98%">

   <P align=left><FONT size=2 face="Times New Roman">Filed herewith.</FONT></P></TD></TR>


<TR>

   <TD NOWRAP STYLE="vertical-align: top; padding-right: 15pt"><FONT size=2 face="Times New Roman">**</FONT></TD>

   <TD>

   <P align=left><FONT size=2 face="Times New Roman">To be subsequently filed by an amendment to the Registration Statement or by a Current Report on Form 8-K and incorporated herein by reference.</FONT></P></TD></TR></TABLE>

<P style="TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">II-3</FONT></P>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always"></DIV>



<P style="TEXT-ALIGN: left"><B><FONT size=2 face="Times New Roman">Item 17. Undertakings.</FONT></B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" BORDER="0" STYLE="line-height: normal; width: 100%">



<TR vAlign=bottom>

   <TD STYLE="vertical-align: top; text-align: left"><FONT size=2 face="Times New Roman">(a)</FONT></TD>


   <TD COLSPAN="3" STYLE="vertical-align: top; text-align: left"><FONT size=2 face="Times New Roman">The undersigned registrant hereby undertakes:</FONT></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="vertical-align: top; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>


   <TD COLSPAN="3" STYLE="vertical-align: top; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="vertical-align: top; text-align: left"></TD>


   <TD STYLE="vertical-align: top; text-align: left"><FONT size=2 face="Times New Roman">(1)</FONT></TD>


   <TD COLSPAN="2" STYLE="vertical-align: top; text-align: left"><FONT size=2 face="Times New Roman">To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:</FONT></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>


   <TD STYLE="vertical-align: top; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>


   <TD COLSPAN="2" STYLE="vertical-align: top; text-align: left"></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="vertical-align: top; width: 1%; text-align: left"></TD>


   <TD STYLE="vertical-align: top; width: 1%; text-align: left"></TD>


   <TD STYLE="vertical-align: top; width: 1%; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">(i)</FONT></TD>


   <TD STYLE="vertical-align: top; width: 97%; text-align: left"><FONT size=2 face="Times New Roman">To include any prospectus required by section 10(a)(3) of the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;);</FONT></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>


   <TD STYLE="vertical-align: top; text-align: left"></TD>


   <TD STYLE="vertical-align: top; text-align: left; padding-left: 15pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>


   <TD STYLE="vertical-align: top; text-align: left"></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="vertical-align: top; text-align: left"></TD>


   <TD STYLE="vertical-align: top; text-align: left"></TD>


   <TD STYLE="vertical-align: top; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">(ii)</FONT></TD>


   <TD STYLE="vertical-align: top; text-align: left"><FONT size=2 face="Times New Roman">To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20 percent change in the maximum aggregate offering price set forth in the &#8220;Calculation of Registration Fee&#8221; table in the effective registration statement; and</FONT></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>


   <TD STYLE="vertical-align: top; text-align: left"></TD>


   <TD STYLE="vertical-align: top; text-align: left; padding-left: 15pt"></TD>


   <TD STYLE="vertical-align: top; text-align: left"></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="vertical-align: top; text-align: left"></TD>


   <TD STYLE="vertical-align: top; text-align: left"></TD>


   <TD STYLE="vertical-align: top; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">(iii)</FONT></TD>


   <TD STYLE="vertical-align: top; text-align: left"><FONT size=2 face="Times New Roman">To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement.</FONT></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>


   <TD STYLE="vertical-align: top; text-align: left"></TD>


   <TD STYLE="vertical-align: top; text-align: left; padding-left: 15pt"></TD>


   <TD STYLE="vertical-align: top; text-align: left"></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="vertical-align: top; text-align: left"></TD>


   <TD COLSPAN="3" STYLE="vertical-align: top; text-align: left"><I><FONT size=2 face="Times New Roman">provided, however</FONT></I><FONT size=2 face="Times New Roman">, that paragraphs (1)(a)(i), (1)(a)(ii) and (1)(a)(iii) do not apply if the registration statement is on Form S-3, and the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the registrant pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the registration statement, or is contained in a form of prospectus filed pursuant to Rule 424(b) that is part of the registration statement.</FONT></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>


   <TD COLSPAN="3" STYLE="vertical-align: top; text-align: left"></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="vertical-align: top; text-align: left"></TD>


   <TD STYLE="vertical-align: top; text-align: left"><FONT size=2 face="Times New Roman">(2)</FONT></TD>


   <TD COLSPAN="2" STYLE="vertical-align: top; text-align: left"><FONT size=2 face="Times New Roman">That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial <EM>bona fide</EM> offering thereof.</FONT></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>


   <TD STYLE="vertical-align: top; text-align: left"></TD>


   <TD COLSPAN="2" STYLE="vertical-align: top; text-align: left"></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="vertical-align: top; text-align: left"></TD>


   <TD STYLE="vertical-align: top; text-align: left"><FONT size=2 face="Times New Roman">(3)</FONT></TD>


   <TD COLSPAN="2" STYLE="vertical-align: top; text-align: left"><FONT size=2 face="Times New Roman">To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.</FONT></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>


   <TD STYLE="vertical-align: top; text-align: left"></TD>


   <TD COLSPAN="2" STYLE="vertical-align: top; text-align: left"></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="vertical-align: top; text-align: left"></TD>


   <TD STYLE="vertical-align: top; text-align: left"><FONT size=2 face="Times New Roman">(4)</FONT></TD>


   <TD COLSPAN="2" STYLE="vertical-align: top; text-align: left"><FONT size=2 face="Times New Roman">That, for the purpose of determining liability under the Securities Act to any purchaser:</FONT></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>


   <TD STYLE="vertical-align: top; text-align: right"><FONT size=2 face="Times New Roman"></FONT></TD>


   <TD COLSPAN="2" STYLE="vertical-align: top; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="vertical-align: top; text-align: left"></TD>


   <TD STYLE="vertical-align: top; text-align: left"></TD>


   <TD STYLE="vertical-align: top; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">(i)</FONT></TD>


   <TD STYLE="vertical-align: top; text-align: left"><FONT size=2 face="Times New Roman">each prospectus filed by the registrant pursuant to Rule 424(b)(3) shall be deemed to be part of the registration statement as of the date the filed prospectus was deemed part of and included in the registration statement; and</FONT></TD></TR>


</TABLE>

<P style="MARGIN: 0px"></P>

<P style="TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">II-4</FONT></P>

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<DIV style="PAGE-BREAK-BEFORE: always"></DIV>

<BR>


<TABLE CELLSPACING="0" CELLPADDING="0" BORDER="0" STYLE="line-height: normal; width: 100%">



<TR vAlign=bottom>

   <TD STYLE="vertical-align: top; width: 1%; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>


   <TD STYLE="vertical-align: top; width: 1%; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>


   <TD STYLE="vertical-align: top; width: 1%; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">(ii)</FONT></TD>


   <TD STYLE="vertical-align: top; width: 97%; text-align: left"><FONT size=2 face="Times New Roman">each prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5) or (b)(7) as part of a registration statement in reliance on Rule 430B relating to an offering made pursuant to Rule 415(a)(1)(i), (vii) or (x) for the purpose of providing the information required by Section 10(a) of the Securities Act shall be deemed to be part of and included in the registration statement as of the earlier of the date such form of prospectus is first used after effectiveness or the date of the first contract of sale of securities in the offering described in the prospectus. As provided in Rule 430B, for liability purposes of the issuer and any person that is at that date an underwriter, such date shall be deemed to be a new effective date of the registration statement relating to the securities in the registration statement to which that prospectus relates, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. <EM>Provided, however,</EM> that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such effective date, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such effective date.</FONT></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="vertical-align: top; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>


   <TD COLSPAN="3" STYLE="vertical-align: top; text-align: left"></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="vertical-align: top; text-align: left"></TD>


   <TD STYLE="vertical-align: top; text-align: left"><FONT size=2 face="Times New Roman">(5)</FONT></TD>


   <TD COLSPAN="2" STYLE="vertical-align: top; text-align: left"><FONT size=2 face="Times New Roman">That, for the purpose of determining liability of the registrant under the Securities Act to any purchaser in the initial distribution of the securities, the undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:</FONT></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="vertical-align: top; text-align: left">&nbsp;&nbsp;</TD>


   <TD STYLE="vertical-align: top; text-align: right"><FONT size=2 face="Times New Roman"></FONT></TD>


   <TD COLSPAN="2" STYLE="vertical-align: top; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="vertical-align: top; text-align: left"></TD>


   <TD STYLE="vertical-align: top; text-align: left"></TD>


   <TD STYLE="vertical-align: top; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">(i)</FONT></TD>


   <TD STYLE="vertical-align: top; text-align: left"><FONT size=2 face="Times New Roman">Any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>


   <TD STYLE="vertical-align: top; text-align: left"></TD>


   <TD STYLE="vertical-align: top; text-align: left; padding-left: 15pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>


   <TD STYLE="vertical-align: top; text-align: left"></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="vertical-align: top; text-align: left"></TD>


   <TD STYLE="vertical-align: top; text-align: left"></TD>


   <TD STYLE="vertical-align: top; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">(ii)</FONT></TD>


   <TD STYLE="vertical-align: top; text-align: left"><FONT size=2 face="Times New Roman">Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>


   <TD STYLE="vertical-align: top; text-align: left"></TD>


   <TD STYLE="vertical-align: top; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman"></FONT></TD>


   <TD STYLE="vertical-align: top; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="vertical-align: top; text-align: left"></TD>


   <TD STYLE="vertical-align: top; text-align: left"></TD>


   <TD STYLE="vertical-align: top; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">(iii)</FONT></TD>


   <TD STYLE="vertical-align: top; text-align: left"><FONT size=2 face="Times New Roman">The portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and</FONT></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>


   <TD STYLE="vertical-align: top; text-align: left"></TD>


   <TD STYLE="vertical-align: top; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman"></FONT></TD>


   <TD STYLE="vertical-align: top; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="vertical-align: top; text-align: left"></TD>


   <TD STYLE="vertical-align: top; text-align: left"></TD>


   <TD STYLE="vertical-align: top; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman">(iv)</FONT></TD>


   <TD STYLE="vertical-align: top; text-align: left"><FONT size=2 face="Times New Roman">Any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.</FONT></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>


   <TD STYLE="vertical-align: top; text-align: left"></TD>


   <TD STYLE="vertical-align: top; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman"></FONT></TD>


   <TD STYLE="vertical-align: top; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="vertical-align: top; text-align: left"><FONT size=2 face="Times New Roman">(b)</FONT></TD>


   <TD COLSPAN="3" STYLE="vertical-align: top; text-align: left"><FONT size=2 face="Times New Roman">The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the registrant&#8217;s annual report pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;) (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial <EM>bona fide</EM> offering thereof.</FONT> <FONT size=2 face="Times New Roman"></FONT><FONT size=2 face="Times New Roman"></FONT><FONT size=2 face="Times New Roman"></FONT></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="vertical-align: top; text-align: left">&nbsp;</TD>


   <TD STYLE="vertical-align: top; text-align: left"></TD>


   <TD STYLE="vertical-align: top; text-align: left; padding-left: 15pt"><FONT size=2 face="Times New Roman"></FONT></TD>


   <TD STYLE="vertical-align: top; text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD></TR>

<TR vAlign=bottom>

   <TD STYLE="vertical-align: top; text-align: left"><FONT size=2 face="Times New Roman">(c)</FONT></TD>


   <TD COLSPAN="3" STYLE="vertical-align: top; text-align: left"><FONT size=2 face="Times New Roman">Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question of whether such indemnification by them is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.</FONT> <FONT size=2 face="Times New Roman"></FONT><FONT size=2 face="Times New Roman"></FONT><FONT size=2 face="Times New Roman"></FONT></TD></TR></TABLE>

<P style="MARGIN: 0px"></P>

<P style="TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">II-5</FONT></P>

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<DIV style="PAGE-BREAK-BEFORE: always"></DIV>



<P style="TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman">SIGNATURES</FONT></B></P>

<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Rochester, State of New York, on this 20<SUP>th </SUP>day of December, 2017.</FONT></P>

<DIV align=right>

<TABLE style="WIDTH: 50%; BORDER-COLLAPSE: collapse; LINE-HEIGHT: 14pt" cellSpacing=0 cellPadding=0 border=0>



<TR vAlign=bottom>

   <TD width="1%" noWrap align=left></TD>

   <TD width="100%" noWrap align=left><B><FONT size=2 face="Times New Roman">TRANSCAT, INC.</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD width="1%" noWrap align=left>&nbsp;</TD>

   <TD width="100%" noWrap align=left><B><FONT size=2 face="Times New Roman"></FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">By:&nbsp;&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="100%" noWrap align=left><FONT size=2 face="Times New Roman">/s/ Lee D. Rudow</FONT></TD></TR>

<TR vAlign=bottom>

   <TD width="1%" noWrap align=left></TD>

   <TD width="100%" noWrap align=left><FONT size=2 face="Times New Roman">Lee D. Rudow</FONT></TD></TR>

<TR vAlign=bottom>

   <TD width="1%" noWrap align=left></TD>

   <TD width="100%" noWrap align=left><FONT size=2 face="Times New Roman">President and Chief Executive Officer</FONT></TD></TR></TABLE></DIV>

<P style="MARGIN: 0px"></P>

<P style="TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">II-6</FONT></P>

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<DIV style="PAGE-BREAK-BEFORE: always"></DIV>



<P STYLE="text-align: center"><B><FONT size=2 face="Times New Roman"><A NAME="ex241"></A>POWER OF ATTORNEY</FONT></B></P>

<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">We, the undersigned directors and officers, do hereby severally constitute and appoint Lee D. Rudow and Michael J. Tschiderer, and each of them severally, our true and lawful attorneys-in-fact and agents, to do any and all acts and things in our name and on our behalf in our capacities as directors and officers and to execute any and all instruments for us and in our names in the capacities indicated below, which said attorneys-in-fact and agents may deem necessary or advisable to enable Transcat, Inc. to comply with the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;), and any rules, regulations and requirements of the Securities and Exchange Commission, in connection with this registration statement on Form S-3, including specifically, but without limitation, power and authority to sign for us or any of us, in our names in the capacities indicated below, any and all amendments (including pre- and post- effective amendments) hereto and any related registration statement and amendments thereto; and we do each hereby ratify and confirm all that said attorneys-in-fact and agents shall do or cause to be done by virtue hereof.</FONT></P>

<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">Pursuant to the requirements of the Securities Act, this registration statement has been signed by the following persons in the capacities and on the dates indicated.</FONT></P>

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<TR vAlign=bottom>

   <TD NOWRAP STYLE="width: 33%; text-align: left; border-bottom: Black 1pt solid"><B><FONT size=1 face="Times New Roman">Signatures</FONT></B></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD NOWRAP STYLE="width: 32%; text-align: left; border-bottom: Black 1pt solid"><B><FONT size=1 face="Times New Roman">Title</FONT></B></TD>

   <TD NOWRAP STYLE="width: 1%; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

   <TD NOWRAP STYLE="width: 33%; text-align: left; border-bottom: Black 1pt solid"><B><FONT size=1 face="Times New Roman">Date</FONT></B></TD></TR>


<TR>

   <TD></TD>

   <TD></TD>

   <TD>&nbsp;</TD>

   <TD></TD>

   <TD>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT size=2 face="Times New Roman">/s/ Lee D. Rudow</FONT></TD>

   <TD NOWRAP STYLE="text-align: left"></TD>

   <TD NOWRAP STYLE="text-align: left"></TD>

   <TD NOWRAP STYLE="text-align: left"></TD>

   <TD NOWRAP STYLE="text-align: left"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman">Lee D. Rudow</FONT></TD>

   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman">Director, President and Chief</FONT></TD>

   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman">December 20, 2017</FONT></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="text-align: left"></TD>

   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman">Executive Officer</FONT></TD>

   <TD NOWRAP STYLE="text-align: left"></TD>

   <TD NOWRAP STYLE="text-align: left"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="text-align: left"></TD>

   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman">(Principal Executive Officer)</FONT></TD>

   <TD NOWRAP STYLE="text-align: left"></TD>

   <TD NOWRAP STYLE="text-align: left"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT size=2 face="Times New Roman">/s/ Michael J. Tschiderer</FONT></TD>

   <TD NOWRAP STYLE="text-align: left"></TD>

   <TD NOWRAP STYLE="text-align: left"></TD>

   <TD NOWRAP STYLE="text-align: left"></TD>

   <TD NOWRAP STYLE="text-align: left"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman">Michael J. Tschiderer</FONT></TD>

   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman">Vice President of Finance and Chief</FONT></TD>

   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman">December 20, 2017</FONT></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="text-align: left"></TD>

   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman">Financial Officer</FONT></TD>

   <TD NOWRAP STYLE="text-align: left"></TD>

   <TD NOWRAP STYLE="text-align: left"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="text-align: left"></TD>

   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman">(Principal Financial Officer)</FONT></TD>

   <TD NOWRAP STYLE="text-align: left"></TD>

   <TD NOWRAP STYLE="text-align: left"></TD></TR>

<TR vAlign=bottom>

   <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT size=2 face="Times New Roman">/s/ Scott D. Deverell</FONT></TD>

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   <TD NOWRAP STYLE="text-align: left"></TD>

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   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman">Scott D. Deverell</FONT></TD>

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   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman">Controller and Principal Accounting</FONT></TD>

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   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman">December 20, 2017</FONT></TD></TR>

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   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman">(Principal Accounting Officer)</FONT></TD>

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   <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT size=2 face="Times New Roman">/s/ Charles P. Hadeed</FONT></TD>

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   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman">Charles P. Hadeed</FONT></TD>

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   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman">Chairman of the Board of Directors</FONT></TD>

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   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman">December 20, 2017</FONT></TD></TR>

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   <TD COLSPAN="5">&nbsp;</TD></TR>

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   <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT size=2 face="Times New Roman">/s/ Richard J. Harrison</FONT></TD>

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   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman">Richard J. Harrison</FONT></TD>

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   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman">Director</FONT></TD>

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   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman">December 20, 2017</FONT></TD></TR>

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   <TD COLSPAN="5">&nbsp;</TD></TR>

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   <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT size=2 face="Times New Roman">/s/ Gary J. Haseley</FONT></TD>

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   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman">Gary J. Haseley</FONT></TD>

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   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman">Director</FONT></TD>

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   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman">December 20, 2017</FONT></TD></TR>

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   <TD COLSPAN="5">&nbsp;</TD></TR>

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   <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT size=2 face="Times New Roman">/s/ Paul D. Moore</FONT></TD>

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   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman">Paul D. Moore</FONT></TD>

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   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman">Director</FONT></TD>

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   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman">December 20, 2017</FONT></TD></TR>

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   <TD COLSPAN="5">&nbsp;</TD></TR>

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   <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT size=2 face="Times New Roman">/s/ Angela J. Panzarella</FONT></TD>

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   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman">Angela J. Panzarella</FONT></TD>

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   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman">Director</FONT></TD>

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   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman">December 20, 2017</FONT></TD></TR>

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   <TD COLSPAN="5">&nbsp;</TD></TR>

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   <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT size=2 face="Times New Roman">/s/ Alan H. Resnick</FONT></TD>

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   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman">Alan H. Resnick</FONT></TD>

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   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman">Director</FONT></TD>

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   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman">December 20, 2017</FONT></TD></TR>

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   <TD COLSPAN="5">&nbsp;</TD></TR>

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   <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT size=2 face="Times New Roman">/s/ Carl E. Sassano</FONT></TD>

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   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman">Carl E. Sassano</FONT></TD>

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   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman">Director</FONT></TD>

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   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman">December 20, 2017</FONT></TD></TR>

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   <TD COLSPAN="5">&nbsp;</TD></TR>

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   <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT size=2 face="Times New Roman">/s/ John T. Smith</FONT></TD>

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   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman">John T. Smith</FONT></TD>

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   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman">Director</FONT></TD>

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   <TD NOWRAP STYLE="text-align: left"><FONT size=2 face="Times New Roman">December 20, 2017</FONT></TD></TR></TABLE>

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<P STYLE="text-align: center"><FONT size=2 face="Times New Roman">II-7</FONT></P>

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<TYPE>EX-5.1
<SEQUENCE>2
<FILENAME>transcat3356301-ex51.htm
<DESCRIPTION>OPINION OF HARTER SECREST & EMERY LLP
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<P style="TEXT-ALIGN: right"><B><FONT size=2 face="Times New Roman">Exhibit 5.1</FONT></B></P>


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<P style="TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">December 20, 2017</FONT></P>
<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">Transcat, Inc.<BR></FONT><FONT size=2 face="Times New Roman">35 Vantage Point Drive <BR>Rochester, New York 14624</FONT></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">Re:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Registration Statement on Form S-3</FONT></P>
<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">Ladies and Gentlemen:</FONT></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">We have acted as counsel to Transcat, Inc., an Ohio corporation (the &#8220;</FONT><U><FONT size=2 face="Times New Roman">Company</FONT></U><FONT size=2 face="Times New Roman">&#8221;), in connection with the filing of a registration statement on Form S-3 (the &#8220;</FONT><U><FONT size=2 face="Times New Roman">Registration Statement</FONT></U><FONT size=2 face="Times New Roman">&#8221;) under the Securities Act of 1933, as amended (the &#8220;</FONT><U><FONT size=2 face="Times New Roman">Securities Act</FONT></U><FONT size=2 face="Times New Roman">&#8221;). The Registration Statement relates to the registration and public offering by the Company, from time to time, pursuant to Rule 415 under the Securities Act, of up to $50,000,000 in the aggregate amount of any combination of the following: </FONT></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">(i) common stock, $0.50 par value per share, of the Company, including any shares of common stock underlying Warrants, Purchase Contracts, or Units, each as defined below (the &#8220;</FONT><U><FONT size=2 face="Times New Roman">Common Stock</FONT></U><FONT size=2 face="Times New Roman">&#8221;); </FONT></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">(ii) warrants to purchase Common Stock (the &#8220;</FONT><U><FONT size=2 face="Times New Roman">Warrants</FONT></U><FONT size=2 face="Times New Roman">&#8221;); </FONT></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">(iii) purchase contracts for the purchase or sale of our Common Stock (the &#8220;</FONT><U><FONT size=2 face="Times New Roman">Purchase Contracts</FONT></U><FONT size=2 face="Times New Roman">&#8221;); and </FONT></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">(iv) units consisting of any combination of Common Stock, Warrants or Purchase Contracts (the &#8220;</FONT><U><FONT size=2 face="Times New Roman">Units</FONT></U><FONT size=2 face="Times New Roman">&#8221;), having an aggregate initial public offering price not to exceed $50,000,000, in each case on terms to be determined at the time of offering by the Company.</FONT></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">The Common Stock, Warrants, Purchase Contracts and Units are collectively referred to herein as the &#8220;</FONT><U><FONT size=2 face="Times New Roman">Securities</FONT></U><FONT size=2 face="Times New Roman">.&#8221; The Securities will be offered in amounts, at prices and on terms to be set forth in supplements (each, a &#8220;</FONT><U><FONT size=2 face="Times New Roman">Prospectus Supplement</FONT></U><FONT size=2 face="Times New Roman">&#8221;) to the prospectus (the &#8220;</FONT><U><FONT size=2 face="Times New Roman">Prospectus</FONT></U><FONT size=2 face="Times New Roman">&#8221;) contained in the Registration Statement.</FONT></P>
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<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: COLLAPSE; BORDER-COLLAPSE: COLLAPSE" cellSpacing=0 cellPadding=0 width="80%" border=0>

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   <TD NOWRAP STYLE="width: 80%; text-align: center; border-bottom: Black 1pt solid"><FONT size=1 face="Times New Roman">1600</FONT><FONT size=1 face="Times New Roman">&nbsp;</FONT><FONT size=1 face="Times New Roman">BAUSCH</FONT><FONT size=1 face="Times New Roman">&nbsp;</FONT><FONT size=1 face="Times New Roman">&amp;</FONT><FONT size=1 face="Times New Roman">&nbsp;</FONT><FONT size=1 face="Times New Roman">LOMB</FONT><FONT size=1 face="Times New Roman">&nbsp;</FONT><FONT size=1 face="Times New Roman">PLACE</FONT><FONT size=1 face="Times New Roman">&nbsp;&nbsp;</FONT><FONT size=1 face="Times New Roman">ROCHESTER,</FONT><FONT size=1 face="Times New Roman">&nbsp;</FONT><FONT size=1 face="Times New Roman">NY&nbsp;<FONT size=1 face="Times New Roman">&nbsp;</FONT><FONT size=1 face="Times New Roman">14604</FONT><FONT size=1 face="Times New Roman"></FONT><FONT size=1 face="Times New Roman">-2711</FONT><FONT size=1 face="Times New Roman">&nbsp;</FONT><FONT size=1 face="Times New Roman">PHONE:</FONT><FONT size=1 face="Times New Roman">&nbsp;</FONT><FONT size=1 face="Times New Roman">585.232.6500</FONT><FONT size=1 face="Times New Roman">&nbsp;</FONT><FONT size=1 face="Times New Roman">FAX: </FONT><FONT size=1 face="Times New Roman">585.232.2152</FONT></FONT></TD></TR>
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   <TD NOWRAP STYLE="width: 80%; text-align: center"><FONT size=1 face="Times New Roman">ROCHESTER,</FONT><FONT size=1 face="Times New Roman">&nbsp;</FONT><FONT size=1 face="Times New Roman">NY</FONT><FONT size=1 face="Times New Roman">&nbsp;<FONT size=1 face="Times New Roman">&#9679;</FONT></FONT><FONT size=1 face="Times New Roman">&nbsp;</FONT><FONT size=1 face="Times New Roman">BUFFALO,</FONT><FONT size=1 face="Times New Roman">&nbsp;</FONT><FONT size=1 face="Times New Roman">NY</FONT><FONT size=1 face="Times New Roman">&nbsp;&nbsp;</FONT><FONT size=1 face="Times New Roman">&#9679;</FONT><FONT size=1 face="Times New Roman">&nbsp;&nbsp;</FONT><FONT size=1 face="Times New Roman">ALBANY,</FONT><FONT size=1 face="Times New Roman">&nbsp;</FONT><FONT size=1 face="Times New Roman">NY</FONT><FONT size=1 face="Times New Roman">&nbsp;&nbsp; </FONT><FONT size=1 face="Times New Roman">&#9679;</FONT><FONT size=1 face="Times New Roman">&nbsp;&nbsp;</FONT><FONT size=1 face="Times New Roman">CORNING,</FONT><FONT size=1 face="Times New Roman">&nbsp;</FONT><FONT size=1 face="Times New Roman">NY</FONT><FONT size=1 face="Times New Roman">&nbsp;&nbsp;</FONT><FONT size=1 face="Times New Roman">&#9679;</FONT><FONT size=1 face="Times New Roman">&nbsp;&nbsp;</FONT><FONT size=1 face="Times New Roman">NEW</FONT><FONT size=1 face="Times New Roman">&nbsp;</FONT><FONT size=1 face="Times New Roman">YORK,</FONT><FONT size=1 face="Times New Roman">&nbsp;</FONT><FONT size=1 face="Times New Roman">NY</FONT><B><FONT size=1 face="Times New Roman">&nbsp;</FONT></B></TD></TR>
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<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">December 20, 2017 <BR>Page 2</FONT></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">In connection with the foregoing, we have examined originals or copies of such corporate records of the Company, certificates and other communications of public officials, certificates of officers of the Company and such other documents as we have deemed relevant or necessary for the purpose of rendering the opinions expressed herein. As to questions of fact material to those opinions, we have, to the extent we deemed appropriate, relied on certificates of officers of the Company and on certificates and other communications of public officials. We have assumed the genuineness of all signatures on, and the authenticity of, all documents submitted to us as originals, the conformity to authentic original documents of all documents submitted to us as copies thereof, the due authorization, execution and delivery by the parties thereto other than the Company of all documents examined by us, and the legal capacity of each individual who signed any of those documents.</FONT></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">For purposes of the opinions set forth below, without limiting any other exceptions or qualifications set forth herein, we have assumed that after the issuance of any Securities offered pursuant to the Registration Statement, the total number of issued shares of Common Stock, together with the total number of shares of such stock issuable upon the exercise, exchange, conversion or settlement, as the case may be, of any exercisable, exchangeable or convertible security (including without limitation any Warrant, Unit or Purchase Contracts), as the case may be, then outstanding, will not exceed the total number of authorized shares of Common Stock under the Company&#8217;s certificate of incorporation as then in effect.</FONT></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">For purposes of the opinions set forth below, we refer to the following as the &#8220;</FONT><U><FONT size=2 face="Times New Roman">Future Authorization and Issuance</FONT></U><FONT size=2 face="Times New Roman">&#8221;</FONT></P>
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   <P align=left><FONT size=2 face="Times New Roman">with respect to any of the Securities, (a) the authorization by the Company of the amount, terms and issuance of such Securities (the &#8220;</FONT><U><FONT size=2 face="Times New Roman">Authorization</FONT></U><FONT size=2 face="Times New Roman">&#8221;) and (b) the issuance of such Securities in accordance with the Authorization therefor upon receipt by the Company of the consideration (which, in the case of shares of Common Stock, is not less than the par value of such shares) to be paid therefor in accordance with the Authorization and (c) any definitive purchase, underwriting or similar agreement with respect to any Securities offered will have been duly authorized and validly executed and delivered by the Company and the other party or parties thereto and, if applicable, (d) certificates representing such Securities have been duly executed, countersigned, registered and delivered either (i) in accordance with the applicable definitive purchase, underwriting or similar agreement or (ii) upon conversion or exercise of any other Security, in accordance with the terms of such Security or the instrument governing such Security providing for such conversion or exercise; and<BR>&nbsp; </FONT></P></TD></TR>
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   <P align=left><FONT size=2 face="Times New Roman">with respect to Warrants, Units or Purchase Contracts (a) the authorization, execution and delivery by the Company and the other parties thereto of any agreement under which such Securities are to be issued and (b) the establishment of the terms of such Securities, and the execution and delivery of such Securities, in conformity with any applicable agreement under which such Securities are to be issued and applicable law and (c) any Securities issuable upon conversion, exchange, redemption or exercise of such Warrants, Units or Purchase Contracts being offered will be duly authorized, created and, if appropriate, reserved for issuance upon such conversion, exchange, redemption, or exercise.</FONT></P></TD></TR></TABLE><BR>
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<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">December 20, 2017 <BR>Page 3</FONT></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">Based upon the foregoing, and subject to the additional qualifications set forth below, we are of the opinion that:</FONT></P>
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   <TD WIDTH="1%" NOWRAP STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"><FONT size=2 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT></TD>
   <TD WIDTH="1%" NOWRAP STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"><FONT size=2 face="Times New Roman">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT></TD>
   <TD STYLE="vertical-align: top; width: 98%; text-align: left"><FONT size=2 face="Times New Roman">Upon the Future Authorization and Issuance of shares of Common Stock, such shares of <FONT size=2 face="Times New Roman">Common Stock will be validly issued, fully paid and nonassessable.</FONT></FONT></TD></TR>
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   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD vAlign=top width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
   <TD STYLE="vertical-align: top; width: 98%; text-align: left"><FONT size=2 face="Times New Roman">&nbsp;&nbsp; </FONT></TD></TR>
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   <TD WIDTH="1%" NOWRAP STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"><FONT size=2 face="Times New Roman"></FONT></FONT></TD>
   <TD WIDTH="1%" NOWRAP STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"><FONT size=2 face="Times New Roman">2.</FONT></FONT></TD>
   <TD STYLE="vertical-align: top; width: 98%; text-align: left"><FONT size=2 face="Times New Roman">Upon the Future Authorization and Issuance of Warrants, such Warrants will be valid and <FONT size=2 face="Times New Roman">binding obligations of the Company.</FONT></FONT></TD></TR>
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   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman"></FONT></TD>
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   <TD STYLE="vertical-align: top; width: 98%; text-align: left"><FONT size=2 face="Times New Roman">&nbsp;&nbsp; </FONT></TD></TR>
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   <TD WIDTH="1%" NOWRAP STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"><FONT size=2 face="Times New Roman"></FONT></FONT></TD>
   <TD WIDTH="1%" NOWRAP STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"><FONT size=2 face="Times New Roman">3.</FONT></FONT></TD>
   <TD STYLE="vertical-align: top; width: 98%; text-align: left"><FONT size=2 face="Times New Roman">Upon the Future Authorization and Issuance of Units, such Units will be valid and binding obligations of the Company.</FONT></TD></TR>
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   <TD STYLE="vertical-align: top; width: 98%; text-align: left">&nbsp;&nbsp; </TD></TR>
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   <TD WIDTH="1%" NOWRAP STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"><FONT size=2 face="Times New Roman"></FONT></FONT></TD>
   <TD WIDTH="1%" NOWRAP STYLE="text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"><FONT size=2 face="Times New Roman">4.</FONT></FONT></TD>
   <TD STYLE="vertical-align: top; width: 98%; text-align: left"><FONT size=2 face="Times New Roman">Upon the Future Authorization and Issuance of Purchase Contracts, such Purchase Contracts will be valid and binding obligations of the Company.</FONT></TD></TR></TABLE>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">The opinions expressed above are subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and other similar laws of general application affecting the rights and remedies of creditors and to general principles of equity.</FONT></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">The opinions expressed herein are limited exclusively to the laws of the State of New York, and applicable provisions of the Ohio General Corporation Law, in each case as currently in effect, and we are expressing no opinion as to the effect of the laws of any other jurisdiction.</FONT></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">This opinion letter has been prepared in accordance with the customary practice of lawyers who regularly give, and lawyers who regularly advise opinion recipients concerning, opinions of the type contained herein.</FONT></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">This opinion letter deals only with the specified legal issues expressly addressed herein, and you should not infer any opinion that is not explicitly addressed herein from any matter stated in this letter.</FONT></P>
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<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">December 20, 2017 <BR>Page 4</FONT></P>
<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">We consent to the use of this opinion as an exhibit to the Registration Statement. In giving such consent, we do not hereby admit that we are within the category of persons whose consent is required under Section 7 of the Securities Act and the rules and regulations thereunder. This opinion is rendered to you as of the date hereof and we assume no obligation to advise you or any other person hereafter with regard to any change after the date hereof in the circumstances or the law that may bear on the matters set forth herein even though the changes may affect the legal analysis or legal conclusion or other matters in this letter.</FONT></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: COLLAPSE" cellSpacing=0 cellPadding=0 width="100%" border=0>

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   <TD width="50%" noWrap align=left><FONT size=2 face="Times New Roman">Very truly yours,</FONT></TD></TR>
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   <TD width="50%" noWrap align=left><FONT size=2 face="Times New Roman">&nbsp;&nbsp; </FONT></TD></TR>
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   <TD width="50%" noWrap align=left><FONT size=2 face="Times New Roman">/s/ Harter Secrest &amp; Emery LLP</FONT></TD></TR></TABLE>
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<DESCRIPTION>CONSENT OF FREED MAXICK CPAS, P.C.
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<P style="TEXT-ALIGN: right"><B><FONT size=2 face="Times New Roman">Exhibit 23.1</FONT></B></P>
<P style="TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman">CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</FONT></B></P>
<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">We consent to the incorporation by reference in the Prospectus constituting a part of this Registration Statement (No. 333- ______) on Form S-3 of our report dated June 19, 2017, relating to our audits of the consolidated financial statements of Transcat, Inc. as of and for the years ended March 25, 2017 and March 26, 2016, which appear in the Company&#8217;s Annual Report on Form 10-K filed with the Securities and Exchange Commission on June 19, 2017.</FONT></P>
<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">We also consent to the reference to our firm under the caption &#8220;Experts&#8221;.</FONT></P>
<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">/s/ Freed Maxick CPAs, P.C.</FONT></P>

<P STYLE="text-align: left"><FONT size=2 face="Times New Roman">Freed Maxick CPAs, P.C.<BR>Rochester, New York<BR>December 20, 2017</FONT></P>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
