ShareholdingAug 10, 2026, 05:54 PM
TEAM Inc.: Stellex Acquires Corre's Shares, Increases Stake to 35%
AI Summary
TEAM Inc. announced that an entity controlled by Stellex Capital Management LLC acquired all 1,604,326 shares of the Company’s common stock held by Corre Partners Management, LLC at $35.50 per share. This privately negotiated sale between existing stakeholders means TEAM Inc. did not issue new shares or receive proceeds. Following the transaction, Stellex is expected to own approximately 35% of the Company’s outstanding common stock, reflecting a strong vote of confidence in TEAM's strategic direction and long-term value creation.
Key Highlights
- Stellex Capital Management acquired 1,604,326 shares of common stock from Corre Partners Management.
- The purchase price was $35.50 per share.
- The transaction was a privately negotiated sale between two existing stakeholders.
- TEAM Inc. did not issue new shares or receive any proceeds from the transaction.
- Upon closing, Stellex is expected to own approximately 35% of the Company’s outstanding common stock.
Price Impact
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