Welcome to our dedicated page for Acuren news (Ticker: TICA), a resource for investors and traders seeking the latest updates and insights on Acuren stock.
Acuren Corporation (OTCQX: TICA) is described as a leading provider of critical asset integrity services, operating primarily in North America and serving industrial markets. The TICA news page on Stock Titan brings together company announcements and market-facing updates that reflect how Acuren presents its business and capital markets activity.
News about Acuren has included the approval of its common stock for listing on the NYSE American exchange, with trading expected under the new symbol TIC. The company has also issued releases on financial developments, such as the repricing of its term loan, which it characterized as reducing its interest expense and reinforcing financial flexibility.
In addition, Acuren has reported on its participation in investor-focused events, including the CJS Securities “New Ideas for the New Year” Virtual Conference. These items illustrate how the company communicates with lenders, investors, and the broader market about its position in the Testing, Inspection and Certification (TIC) sector and its focus on asset integrity services.
By following TICA news, readers can review Acuren’s own descriptions of its asset integrity offerings, its financing decisions, and its efforts to expand its trading venue and investor reach. This page can be revisited to see new press releases and updates as they are made available through public news sources.
Acuren (OTCQX: TICA), a leading asset integrity services provider, has announced its approval for listing on the NYSE American stock exchange. The company's common stock will commence trading under the new symbol 'TIC' on February 18, 2025, while continuing to trade on OTCQX until February 14, 2025.
CEO Talman Pizzey highlighted this move as an opportunity to showcase their operational excellence and growth potential in the TIC sector to a broader investor base. Co-Chairman Robert Franklin emphasized this listing as a stepping stone towards eventual NYSE listing, expecting increased trading liquidity and enhanced corporate profile.
Acuren (OTCQX: TICA) has successfully completed the repricing of its $773 million term loan, reducing the applicable margin by 75 basis points to SOFR + 275. This refinancing is expected to result in annual cash interest savings of approximately $5.8 million. The term loan's maturity date of 2031 and other material provisions under the credit agreement remain unchanged.
According to CFO Kristin Schultes, the successful repricing demonstrates strong market demand and lender confidence in Acuren, while the reduced interest expense strengthens the company's financial position and flexibility to maximize shareholder value.
Acuren (OTCQX: TICA), based in Tomball, Texas, has announced that its senior leadership will participate in the CJS Securities “New Ideas for the New Year” Virtual Conference on Tuesday, January 14, 2025.
FAQ
What is the current stock price of Acuren (TICA)?
