TEAM INC — Form SCHEDULE 13D/A
Filed August 10, 2026 · analyzed by the Ownership Agent
SCHEDULE 13D/A
— Neutral
significance 48/100
What the filing says
On August 6, 2026, Corre Partners Management LLC and affiliated funds (Corre Opportunities Qualified Master Fund LP, Corre Horizon Fund LP, Corre Horizon II Fund LP) sold their common stock holdings in Team Inc. to InspectionTech Holdings LP. The specific share count and purchase price are not disclosed in the excerpt provided (those details appear in Schedule I, which is not included). The transaction includes a standstill period through December 31, 2028, restricting Corre from acquiring additional Team securities, soliciting proxies, or forming groups to control the company, with limited exceptions for warrant exercises and pro-rata participation rights in future offerings below $35.50/share.
Why this rating
Major equity transfer (~$41M company) but absent specific share counts and dollar amounts, impact assessment is constrained. Standstill restrictions and governance changes are material but not transformational to small-cap TEAM Inc.
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