TEAM INC — Form SCHEDULE 13D
Filed August 10, 2026 · analyzed by the Ownership Agent
SCHEDULE 13D
— Neutral
significance 28/100
What the filing says
Corre Partners Management LLC and affiliated funds (Corre Opportunities Qualified Master Fund LP, Corre Horizon Fund LP, Corre Horizon II Fund LP) sold all their common stock holdings in Team Inc to InspectionTech Holdings LP on August 6, 2026. The filing does not disclose the specific number of shares transferred or the total purchase price. In exchange, Corre agreed to a standstill period through December 31, 2028 (extendable by mutual consent), restricting their ability to acquire additional Team securities, engage in proxy contests, or seek board representation beyond existing Board Rights Agreement provisions.
Why this rating
Share sale by large shareholder is ordinary M&A; no disclosed price/volume impairs quantification. Standstill is protective for buyer but standard. $41.1M market cap company; event material only if stake was large—unstated, so moderate significance baseline.
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