Stellex Capital becomes Team’s largest shareholder, lifts stake to about 35%
TISI•Stellex Capital becomes Team’s largest shareholder
- Stellex Capital-controlled entity bought 1,604,326 shares from Corre Partners at $35.50 per share in a private sale.
- Stellex is expected to hold about 35% of outstanding common stock on closing, alongside preferred stock and warrants issued in September 2025.
- No new shares were issued. No proceeds go to the company.
