<SEC-DOCUMENT>0001206774-23-001144.txt : 20230920
<SEC-HEADER>0001206774-23-001144.hdr.sgml : 20230920
<ACCEPTANCE-DATETIME>20230920205958
ACCESSION NUMBER:		0001206774-23-001144
CONFORMED SUBMISSION TYPE:	S-3MEF
PUBLIC DOCUMENT COUNT:		7
<REFERENCE-462B>333-250135
FILED AS OF DATE:		20230920
DATE AS OF CHANGE:		20230920
EFFECTIVENESS DATE:		20230920

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:			0325

	FILING VALUES:
		FORM TYPE:		S-3MEF
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-274611
		FILM NUMBER:		231267619

	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-3MEF
<SEQUENCE>1
<FILENAME>trns4243591-s3mef.htm
<DESCRIPTION>S-3MEF
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0; text-align: center"><B>As filed with the Securities and Exchange
Commission on September 20, 2023</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 1in; margin-left: 0; text-align: right"><B>Registration No. 333-</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0; text-align: center"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549<BR>
</B>___________________</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0; text-align: center"><B>FORM S-3</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0; text-align: center"><B>REGISTRATION STATEMENT<BR>
UNDER THE SECURITIES ACT OF 1933<BR>
</B>___________________</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0; text-align: center"><B>TRANSCAT, INC.<BR>
</B><FONT STYLE="font-size: 10pt">(Exact name of registrant as specified in its charter)</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%">
  <TR>
    <TD STYLE="white-space: nowrap; width: 52%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0; text-align: center"><B>Ohio<BR>
</B>(State or other
jurisdiction of incorporation or organization)</P></TD>
    <TD STYLE="white-space: nowrap; width: 1%; font: 12pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 47%; font: 12pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>16-0874418<BR>
</B>(I.R.S. Employer Identification Number)</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0; text-align: center"><B>35 Vantage Point Drive<BR>
Rochester, New York 14624<BR>
(585) 352-7777<BR>
</B>(Address, including zip code, and telephone number, including area code, of registrant&rsquo;s principal executive offices)</P>

<P STYLE="margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0pt; margin-left: 0pt"><B>Lee D. Rudow<BR>
President and
Chief Executive Officer<BR>
Transcat, Inc.<BR>
35 Vantage Point Drive<BR>
Rochester, New York 14624<BR>
(585) 352-7777<BR>
(Name, address, including zip code and telephone number, including area code, of agent for service)<BR>
___________________</B></P>

<P STYLE="margin: 0pt; font: 10pt Times New Roman, Times, Serif; text-align: center">COPIES&nbsp;TO:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%">
  <TR>
    <TD STYLE="text-align: center; white-space: nowrap; width: 53%; vertical-align: top">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0"><B>James M. Jenkins, Esq.<BR>
Chief Legal and Corporate Development Officer<BR>
Transcat, Inc.<BR>
35 Vantage Point Drive<BR>
Rochester, New York 14624<BR>
(585) 352-7777</B></P></TD>
    <TD STYLE="white-space: nowrap; width: 2%; font: 12pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 45%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0"><B>Alexander R. McClean,
Esq.<BR>
Kayla E. Klos, Esq.<BR>
Harter Secrest &amp; Emery LLP<BR>
1600 Bausch &amp; Lomb Place<BR>
Rochester, New York 14604<BR>
(585) 232-6500</B></P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0; text-align: justify; text-indent: 15pt"><B>Approximate date of commencement
of proposed sale to the public:&nbsp;</B>From time to time after the effective date of this registration statement.</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0; text-align: justify">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;<FONT STYLE="font-family: MS Gothic, Helvetica, Sans-Serif">&#9744;</FONT>:</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0; text-align: justify">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;<FONT STYLE="font-family: MS Gothic, Helvetica, Sans-Serif">&#9746;</FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0; text-align: justify">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;<FONT STYLE="font-family: MS Gothic, Helvetica, Sans-Serif">&#9746;</FONT>
Registration Number <B>333-250135</B></P>


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<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0; text-align: justify">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;<FONT STYLE="font-family: MS Gothic, Helvetica, Sans-Serif">&#9744;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0; text-align: justify">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;<FONT STYLE="font-family: MS Gothic, Helvetica, Sans-Serif">&#9744;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0; text-align: justify">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;<FONT STYLE="font-family: MS Gothic, Helvetica, Sans-Serif">&#9744;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0; text-align: justify">Indicate by check mark whether the registrant
is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company.
See the definitions of &ldquo;large accelerated filer,&rdquo; &ldquo;accelerated filer,&rdquo; &ldquo;smaller reporting company&rdquo;
and &ldquo;emerging growth company&rdquo; in Rule 12b-2 of the Exchange Act.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 23%; font: 12pt/14pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Large accelerated filer<FONT STYLE="font-family: MS Gothic, Helvetica, Sans-Serif"></FONT></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 2%">&#9744;</TD>
    <TD STYLE="white-space: nowrap; width: 39%; font: 12pt/14pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 30%; font: 12pt/14pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Accelerated
filer</FONT></TD>
    <TD STYLE="width: 5%">&#9746;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font: 12pt/14pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Non-accelerated filer</FONT></TD>
    <TD STYLE="white-space: nowrap">&#9744;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 12pt/14pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Smaller reporting company<FONT STYLE="font-family: MS Gothic, Helvetica, Sans-Serif"></FONT></FONT></TD>
    <TD>&#9744;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font: 12pt/14pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Emerging growth company</FONT></TD>
    <TD STYLE="white-space: nowrap">&#9744;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0; text-align: justify">If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 7(a)(2)(B) of the Securities Act.&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: MS Gothic, Helvetica, Sans-Serif">&#9744;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0"><B>This Registration Statement shall become effective upon filing in accordance
with Rule 462(b) under the Securities Act of 1933, as amended.</B></P>


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<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0; text-transform: uppercase; text-align: center"><FONT STYLE="font-size: 10pt">EXPLANATORY
NOTE</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0">This Registration Statement is being filed by Transcat, Inc. (the &quot;Registrant&quot;)
with the Securities and Exchange Commission (the &quot;Commission&quot;) pursuant to Rule 462(b) under the Securities Act of 1933, as
amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0">This Registration Statement relates to the Registration Statement on Form
S-3 (File No. 333-250135) (the &quot;Prior Registration Statement&quot;), declared effective on November 27, 2020 by the Commission, and
is being filed for the purpose of registering additional securities in an amount that does not exceed 20% of the proposed maximum aggregate
offering price of securities remaining available for issuance under the Prior Registration Statement. The Registrant hereby incorporates
by reference into this Registration Statement on Form S-3 in its entirety the Prior Registration Statement, including each of the documents
filed by the Registrant with the Commission and incorporated or deemed to be incorporated by reference therein and all exhibits thereto.
The required opinion and consents are listed on the Exhibit Index included herein, and are filed with this Registration Statement.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0; text-transform: uppercase; text-align: center">EXHIBIT
INDEX</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif; background-color: white">
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 11%; text-align: center"><FONT STYLE="font-size: 10pt"><B>Exhibit
    No.</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 88%; text-align: center"><FONT STYLE="font-size: 10pt"><B>Description</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><A HREF="trns4243591-ex51.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-size: 10pt">5.1*</FONT></A></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><A HREF="trns4243591-ex51.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-size: 10pt">Opinion of Calfee, Halter &amp; Griswold LLP</FONT></A></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><A HREF="trns4243591-ex231.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-size: 10pt">23.1*</FONT></A></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><A HREF="trns4243591-ex231.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-size: 10pt">Consent of Freed Maxick CPAs, P.C.</FONT></A></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><A HREF="trns4243591-ex51.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-size: 10pt">23.2*</FONT></A></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><A HREF="trns4243591-ex51.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-size: 10pt">Consent of Calfee, Halter &amp; Griswold LLP (included in Exhibit 5.1
    filed herewith)</FONT></A></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><A HREF="https://www.sec.gov/Archives/edgar/data/99302/000120677420003073/transcat3828291-s3.htm#powerofattorney"><FONT STYLE="font-size: 10pt">24.1</FONT></A></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><A HREF="https://www.sec.gov/Archives/edgar/data/99302/000120677420003073/transcat3828291-s3.htm#powerofattorney"><FONT STYLE="font-size: 10pt">Power of Attorney (filed as Exhibit 24.1 to the Registrant's Registration
    Statement on Form S-3 (File No. 333-250135), initially filed with the Commission on November 17, 2020)</FONT></A></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><A HREF="trns4243591-ex107.htm"><FONT STYLE="font-size: 10pt">107*</FONT></A></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><A HREF="trns4243591-ex107.htm"><FONT STYLE="font-size: 10pt">Calculation of Filing Fee Table</FONT></A></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  </TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif">
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-right: 15pt; text-align: justify; width: 4%"><FONT STYLE="font-size: 10pt">*</FONT></TD>
    <TD STYLE="text-align: justify; width: 96%"><FONT STYLE="font-size: 10pt">Filed herewith.</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0"><FONT STYLE="font-size: 10pt"><B>SIGNATURES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 15pt; margin-right: 0; margin-left: 0">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 20th day of September 2023.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 55%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 5%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; line-height: 14pt; width: 40%"><FONT STYLE="font-size: 10pt"><B>TRANSCAT, INC.</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; line-height: 14pt"><FONT STYLE="font-size: 10pt">By:&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;/s/ Lee D.
    Rudow</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; line-height: 14pt"><FONT STYLE="font-size: 10pt">Lee D. Rudow</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; line-height: 14pt"><FONT STYLE="font-size: 10pt">President and Chief Executive Officer</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 15pt; margin-right: 0; margin-left: 0">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.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; width: 32%; line-height: 14pt"><FONT STYLE="font-size: 10pt"><B>Signatures</B></FONT></TD>
    <TD STYLE="width: 2%; line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 47%; line-height: 14pt"><FONT STYLE="font-size: 10pt"><B>Title</B></FONT></TD>
    <TD STYLE="width: 2%; line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 17%; line-height: 14pt"><FONT STYLE="font-size: 10pt"><B>Date</B></FONT></TD></TR>
  <TR>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; line-height: 14pt"><FONT STYLE="font-size: 10pt">/s/ Lee D. Rudow</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">Director, President and Chief Executive <BR>
    Officer</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">September 20, 2023</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">Lee D. Rudow</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">(Principal Executive Officer)</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; line-height: 14pt"><FONT STYLE="font-size: 10pt">/s/ Thomas L.
    Barbato</FONT></TD>
    <TD ROWSPAN="2" STYLE="vertical-align: bottom; line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="2" STYLE="vertical-align: top; line-height: 14pt"><FONT STYLE="font-size: 10pt">Senior Vice President of Finance, Chief
    Financial Officer and Treasurer<BR>
    (Principal Financial Officer)</FONT></TD>
    <TD ROWSPAN="2" STYLE="vertical-align: bottom; line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="2" STYLE="vertical-align: top; line-height: 14pt"><FONT STYLE="font-size: 10pt">September 20, 2023</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">Thomas L. Barbato</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; line-height: 14pt"><FONT STYLE="font-size: 10pt">/s/ Scott D. Deverell</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">Controller and Principal Accounting Officer</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">September 20, 2023</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">Scott D. Deverell</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">(Principal Accounting Officer)</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; line-height: 14pt"><FONT STYLE="font-size: 10pt">/s/ *</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">Chairman of the Board of Directors</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">September 20, 2023</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">Gary J. Haseley</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">Director</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">Craig D. Cairns</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; line-height: 14pt"><FONT STYLE="font-size: 10pt">/s/ *</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">Director</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">September 20, 2023</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">Oksana S. Dominach</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">Director</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">Christopher P. Gillette</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; line-height: 14pt"><FONT STYLE="font-size: 10pt">/s/ *</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">Director</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">September 20, 2023</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">Charles P. Hadeed</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

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  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; line-height: 14pt; width: 32%"><FONT STYLE="font-size: 10pt"><B>Signatures</B></FONT></TD>
    <TD STYLE="line-height: 14pt; width: 2%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; line-height: 14pt; width: 47%"><FONT STYLE="font-size: 10pt"><B>Title</B></FONT></TD>
    <TD STYLE="line-height: 14pt; width: 2%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; line-height: 14pt; width: 17%"><FONT STYLE="font-size: 10pt"><B>Date</B></FONT></TD></TR>
<TR>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">Director</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; line-height: 14pt"><FONT STYLE="font-size: 10pt">Mbago M. Kaniki</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">Director</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">Cindy Langston</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; line-height: 14pt"><FONT STYLE="font-size: 10pt">/s/ *</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">Director</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">September 20, 2023</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">Paul D. Moore</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  </TABLE>
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  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 6%; line-height: 14pt"><FONT STYLE="font-size: 10pt">* By:</FONT></TD>
    <TD STYLE="width: 22%; border-bottom: Black 1pt solid; line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;/s/ Lee
    D. Rudow</FONT></TD>
    <TD STYLE="width: 72%; line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">Lee D. Rudow</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">Attorney in Fact</FONT></TD>
    <TD STYLE="line-height: 14pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  </TABLE>

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<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>2
<FILENAME>trns4243591-ex51.htm
<DESCRIPTION>CALFEE, HALTER GRISWOLD LLP ATTORNEYS AT LAW
<TEXT>
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<P STYLE="font: 10pt Times New Roman,serif; margin-left: 0; text-align: right"><B>Exhibit 5.1</B></P>



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="font-size: 10pt">
    <TD ROWSPAN="2" STYLE="font-size: 10pt; text-align: left; vertical-align: top"><IMG SRC="trns4243591-ex5x1x1x1.jpg" ALT="">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(0,102,47) 1pt solid; font: 10pt Calibri,sans-serif; white-space: nowrap; width: 28.78%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap">
    <P STYLE="margin-top: 10pt; font: 10pt Times New Roman,serif; margin-right: 0pt; margin-left: 0pt; color: #006630"><B>Calfee, Halter &amp; Griswold LLP</B><BR>
    Attorneys at Law</P>
    <P STYLE="font: 10pt Times New Roman,serif; margin-right: 0pt; margin-left: 0pt; color: #006630">The Calfee Building<BR>
    1405 East Sixth Street<BR>
    Cleveland, Ohio 44114-1607<BR>
    216.622.8200 <B>Phone</B></P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman,serif; margin-left: 0">September 20, 2023</P>

<P STYLE="margin-top: 20pt; font: 10pt Times New Roman,serif; margin-left: 0pt">Transcat, Inc.<BR>
35 Vantage Point Drive<BR>
Rochester, NY 14624</P>

<P STYLE="font: 10pt Times New Roman,serif; margin-left: 0; text-indent: 0.5in">We have acted as special Ohio counsel for Transcat, Inc. (the
&ldquo;Company&rdquo;) in connection with the filing with the Securities and Exchange Commission (the &ldquo;Commission&rdquo;) of a Registration
Statement on Form S-3 (the &ldquo;Additional Registration Statement&rdquo;) <FONT STYLE="background-color: white">pursuant to Rule 462(b)
promulgated under the Securities Act of 1933, as amended (the &ldquo;Securities Act&rdquo;), relating to an aggregate of up to $15,000,000
of shares (the &ldquo;Shares&rdquo;) of common stock, $0.50 par value per share (the &ldquo;Common Stock&rdquo;). The Shares are being
registered for possible offer and sale from time to time pursuant to Rule 415 under the Securities Act. The Additional Registration Statement
incorporates by reference the Registration Statement on Form S-3 (File No.&nbsp;333-250135) (the &ldquo;Original Registration Statement&rdquo;
and, together with the Additional Registration Statement, the &ldquo;Registration Statement&rdquo;), which was filed with the Commission
on November&nbsp;17, 2020, including the prospectus which forms a part of the Registration Statement.</FONT> Terms used and not defined
herein shall have the meanings given to them in the Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin-left: 0; text-indent: 0.5in">We have examined or are otherwise familiar with the Company&rsquo;s
Articles of Incorporation, as amended, the Company&rsquo;s Code of Regulations, as amended, the Registration Statement, and such other
documents, records and instruments as we have deemed necessary or appropriate for the purposes of this opinion.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin-left: 0; text-indent: 0.5in">Based on the foregoing, we are of the opinion that the Shares,
when authorized and sold as contemplated in the Registration Statement and upon receipt by the Company of the consideration (which is
not less than the par value of such Shares) to be paid therefor in accordance with such authorization, will be validly issued by the Company
and will be fully paid&nbsp;and&nbsp;non-assessable.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin-left: 0; text-indent: 0.5in">We are attorneys licensed to practice law in the State of Ohio.
The opinion expressed herein is limited solely to the federal laws of the United States of America and the laws of the State of Ohio.
We express no opinion as to the effect or applicability of the laws of any other jurisdiction.</P>

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  <TR>
    <TD ROWSPAN="2" STYLE="text-align: left; vertical-align: top"><IMG SRC="trns4243591-ex5x1x1x2.jpg" ALT="">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(0,102,47) 1pt solid; white-space: nowrap; font: 11pt Calibri,sans-serif; width: 28.78%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap">
    <P STYLE="margin-top: 10pt; font: 10pt Times New Roman,serif; margin-right: 0pt; margin-left: 0pt; color: #006630">CALFEE.COM&nbsp; | &nbsp;888.CALFEE1</P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman,serif; margin-left: 0; text-indent: 0.5in"></P>


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<P STYLE="font: 10pt Times New Roman,serif; margin-left: 0">Transcat, Inc.<BR>
September 20, 2023<BR>
Page 2</P>

<P STYLE="font: 10pt Times New Roman,serif; margin-left: 0; text-indent: 0.5in">We consent to the filing of this opinion with the Additional
Registration Statement and to the use of our name under the caption &ldquo;Legal Matters&rdquo; in the Registration Statement. Such consent,
however, is not an admission that we are in the category of persons whose consent is required under Section 7 of the Securities Act.</P>

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    <TD STYLE="width: 40%"><FONT STYLE="font-family: Times New Roman,serif">Very truly yours,</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>/s/ CALFEE, HALTER &amp; GRISWOLD LLP</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman,serif">CALFEE, HALTER &amp; GRISWOLD LLP</FONT></TD></TR>
  </TABLE>
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    <TD ROWSPAN="2" STYLE="text-align: left; vertical-align: top"><IMG SRC="trns4243591-ex5x1x1x2.jpg" ALT="">&nbsp;</TD>
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<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>3
<FILENAME>trns4243591-ex231.htm
<DESCRIPTION>CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
<TEXT>
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<HEAD>
     <TITLE></TITLE>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0; text-align: right"><B>Exhibit 23.1</B></P>

<P STYLE="font: 9pt Sans-Serif; margin-right: 0; margin-left: 0; color: Red">&nbsp;<IMG SRC="trns4243591-ex231x1x1x1.jpg" ALT=""></P>

<P STYLE="margin-top: 25pt; font: 10pt Arial, Helvetica, Sans-Serif; margin-right: 0pt; margin-left: 0pt; text-align: center"><B>CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0; text-align: justify">We consent to the incorporation by reference in this
Registration Statement  on Form S-3 and related Prospectus of Transcat, Inc. of our report dated June 6, 2023, relating
to the consolidated financial statements and the effectiveness of internal controls over financial reporting of Transcat, Inc. appearing
in the Annual Report on Form 10-K of Transcat, Inc. for the year ended March 25, 2023.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0; text-align: justify">We also consent to the reference to our firm under
the caption &ldquo;Experts&rdquo;.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">/s/ Freed Maxick CPAs, P.C.</P>

<P STYLE="margin: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">Rochester, New York</P>

<P STYLE="margin: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">September 20, 2023</P>


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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-FILING FEES
<SEQUENCE>4
<FILENAME>trns4243591-ex107.htm
<DESCRIPTION>CALCULATION OF FILING FEE TABLES
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0; text-align: right"><B>Exhibit 107</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0; text-align: center"><B>Calculation of Filing Fee Tables</B></P>

<P STYLE="margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif; margin-right: 0pt; margin-left: 0pt; text-align: center"><B>Form S-3</B></P>

<P STYLE="margin-top: 0pt; font: 10pt Times New Roman, Times, Serif; margin-right: 0pt; margin-left: 0pt; text-align: center">(Form Type)</P>

<P STYLE="margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif; margin-right: 0pt; margin-left: 0pt; text-align: center"><B>Transcat, Inc.</B></P>

<P STYLE="margin-top: 0pt; font: 10pt Times New Roman, Times, Serif; margin-right: 0pt; margin-left: 0pt; text-align: center">(Exact Name of Registrant as Specified in its Charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0; text-align: center"><U>Table 1: Newly Registered Securities</U></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border: Black 1pt solid; white-space: nowrap; width: 8%; padding: 2.5pt 1.5pt 2pt 2pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Security<BR>
 Type</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; width: 37%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt 1.5pt 2pt 2pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Security Class Title</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; width: 18%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt 1.5pt 2pt 2pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Maximum Aggregate <BR>
Offering Price<SUP>(1)</SUP></B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; width: 20%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt 1.5pt 2pt 2pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Fee Rate</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; width: 17%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt 2pt 2pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Amount of<BR>
 Registration Fee<SUP>(2)</SUP></B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 1.5pt 2pt 2pt; text-align: center"><FONT STYLE="font-size: 10pt">Equity</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt 1.5pt 2pt 2pt; text-align: center"><FONT STYLE="font-size: 10pt">Common Stock, $0.50 par value per share</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt 1.5pt 2pt 2pt; text-align: center"><FONT STYLE="font-size: 10pt">$15,000,000.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt 1.5pt 2pt 2pt; text-align: center"><FONT STYLE="font-size: 10pt">$110.20 per $1,000,000</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt 2pt 2pt; text-align: center"><FONT STYLE="font-size: 10pt">$1,653.00</FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 1.5pt 2.5pt 2pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>Total Offering Amounts</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 2.5pt; padding-right: 1.5pt; padding-left: 2pt; text-align: center"><FONT STYLE="font-size: 10pt">$15,000,000.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.5pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 2.5pt; padding-right: 2pt; padding-left: 2pt; text-align: center"><FONT STYLE="font-size: 10pt">$1,653.00</FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 1.5pt 2.5pt 2pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>Total Feed Previously Paid</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.5pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.5pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 2.5pt; padding-right: 2pt; padding-left: 2pt; text-align: center"><FONT STYLE="font-size: 10pt">&mdash;</FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 1.5pt 2.5pt 2pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>Total Fee Offsets</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.5pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.5pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 2.5pt; padding-right: 2pt; padding-left: 2pt; text-align: center"><FONT STYLE="font-size: 10pt">&mdash;</FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 1.5pt 2.5pt 2pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>Net Fee Due</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.5pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.5pt; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt 2pt; text-align: center"><FONT STYLE="font-size: 10pt">$1,653.00</FONT></TD></TR>
  </TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse; margin-bottom: 10pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; width: 3%; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">(1)</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; text-align: justify"><FONT STYLE="font-size: 10pt">The Registrant previously registered such indeterminate number of securities as would have an aggregate offering price not to exceed $75,000,000 on a Registration Statement on Form S-3 (File No. 333-250135) filed on November 17, 2020, and declared effective on November 27, 2020 (the &quot;Prior Registration Statement&quot;). Of such securities, none have been sold under such Prior Registration Statement, leaving a remaining balance of $75,000,000 as of the date of this filing. The Registrant is filing this registration statement solely for the purpose of increasing the aggregate principal amount of securities being offered by $15,000,000 pursuant to Rule 462(b) of the Securities Act of 1933, as amended.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap"><FONT STYLE="font-size: 10pt">(2)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Calculated pursuant to Rule 457(o) under the Securities Act of 1933, as amended.</FONT></TD></TR>
  </TABLE>

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</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>trns4243591-ex5x1x1x1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
