TEAM, INC. Announces Stellex Capital Management Has Become Its Largest Common Equity Shareholder Following Significant Additional Investment

Rhea-AI Summary

Team (NYSE:TISI) announced that an entity controlled by Stellex Capital Management has acquired all 1,604,326 Team common shares previously held by Corre Partners Management and its affiliates at $35.50 per share in a privately negotiated secondary transaction.

The company is not issuing new shares and will receive no cash proceeds from this sale between existing shareholders. Upon closing, Stellex is expected to own about 35% of Team’s outstanding common stock, in addition to preferred stock and warrants it received in September 2025, making Stellex the company’s largest common equity shareholder.

Positive

• Stellex stake to ~35% of common stock, plus existing preferred and warrants
• No dilution as Team issues no new shares in this transaction

Negative

• No transaction proceeds to Team despite a large block of shares changing hands

News Explained

The release says Stellex acquired the shares, but also states that its approximately 35% ownership and largest-shareholder status apply upon closing, so it does not clearly establish that the transfer has closed.

Argus Aug 11 session 20 alerts

+37.16% close to close 24.9x rel. volume Open Argus

Details

News Market Reaction – TISI

+15.6% Peak in 1 hr 33 min

$108.80M Market Cap

On Aug 11, the first trading day after this news, TISI closed 37.16% above the previous close. Argus tracked a peak move of +15.6% during that session. Our momentum scanner recorded 20 alerts for this stock that day. Relative volume reached 24.9x the daily average during tracking.

Data tracked by StockTitan Argus for the Aug 11 session.

Key Figures

Shares acquired: 1,604,326 shares Purchase price: $35.50 per share Post-closing ownership: Approximately 35% +1 more

Shares acquired

1,604,326 shares

Common stock acquired from Corre and affiliates

Purchase price

$35.50 per share

Privately negotiated secondary transaction

Post-closing ownership

Approximately 35%

Stellex expected ownership of outstanding common stock

Transaction date

Aug. 10, 2026

Announcement date

Historical Context

5 past events · Latest: Aug 06

5 events

1. Aug 06

   Earnings scheduling

   24h Move

   -0.1%

   Scheduled second-quarter 2026 earnings release and conference call

2. Jun 18

   Leadership change

   24h Move

   +0.8%

   Named Clinton Roeder executive vice president and chief financial officer

3. May 13

   1Q26 earnings report

   24h Move

   -0.4%

   Reported revenue growth and narrowed net loss with higher Adjusted EBITDA

4. May 11

   Earnings scheduling

   24h Move

   -4.5%

   Announced first-quarter 2026 earnings release and conference call timing

5. Mar 12

   FY25 earnings report

   24h Move

   +8.2%

   Reported annual revenue growth and higher Adjusted EBITDA

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

preferred stock, warrants, privately negotiated sale

3 terms

preferred stock financial

"as well as preferred stock and warrants that were issued to Stellex"

Preferred stock is a type of ownership in a company that typically offers investors higher and more consistent dividend payments than common stock. Unlike regular shares, preferred stock usually doesn’t come with voting rights but provides a priority claim on the company’s assets and profits, making it a more stable and predictable investment option. This makes preferred stock attractive to those seeking steady income with lower risk.

warrants financial

"as well as preferred stock and warrants that were issued to Stellex"

Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.

View in glossary

privately negotiated sale financial

"The transaction was a privately negotiated sale between two existing stakeholders."

A privately negotiated sale is a transaction where a buyer and a seller agree directly on the sale of securities or assets without using a public exchange or auction. Think of it like two neighbors agreeing on a price for a car rather than selling it at a public auction: the terms, timing and price are set privately. For investors it matters because these deals can change who controls shares, affect how many shares are available to trade, and provide limited public price information compared with market trades.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SUGAR LAND, Texas, Aug. 10, 2026 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE: TISI) (“TEAM” or the “Company”), a global, leading provider of specialty industrial services offering customers access to a full suite of conventional, specialized, and proprietary inspection, heat-treating, and mechanical services, today announced that an entity controlled by Stellex Capital Management LLC (“Stellex”) has acquired all 1,604,326 shares of the Company’s common stock currently held by Corre Partners Management, LLC (“Corre”) and its affiliates at a purchase price of $35.50 per share. The transaction was a privately negotiated sale between two existing stakeholders. The Company is not issuing any shares in relation to this transaction and will not receive any proceeds from the transaction. Upon closing, Stellex is expected to own approximately 35% of the Company’s outstanding common stock, as well as preferred stock and warrants that were issued to Stellex in September of 2025.

Michael Caliel, Team’s Chairman of the Board commented, “Stellex has been a supportive stakeholder and an engaged partner since the firm’s initial investment in the Company last September, and we have valued their team’s contributions over the last year. We share a strong alignment around the Company’s strategic direction and long-term opportunity, and we recognize this transaction by Stellex as a strong vote of confidence in the significant embedded value of the TEAM franchise that can be unlocked. We thank Corre for their active and strategic engagement over the last several years that contributed to the Company’s successful turnaround during a critical period and view this as the natural evolution in our investor base as we enter the next phase in the Company’s journey focused on long-term value creation. We look forward to continuing to work closely with the Stellex team as we execute on our priorities and continue building value for all shareholders.”

Olivia Zhao, Managing Director at Stellex concluded, “We believe TEAM is built on strong fundamentals. We have developed a strong conviction in Team, its leadership and the long-term opportunity ahead. Our decision to increase our ownership reflects our confidence in the Company’s transformation and in its ability to work to deliver differentiated value to its customers. We believe our interests are aligned with the Company and its shareholders, and we look forward to continuing our partnership with management and the Board as the team executes on its strategy in an effort to create long-term value.”

About Team, Inc.

Headquartered in Sugar Land, Texas, Team, Inc. (NYSE: TISI) is a global, leading provider of specialty industrial services offering customers access to a full suite of conventional, specialized, and proprietary inspection, heat-treating, and mechanical services. We deploy conventional to highly specialized inspection, condition assessment, maintenance, and repair services that result in greater safety, reliability, and operational efficiency for our customers’ most critical assets. Through locations in 13 countries, we unite the delivery of technological innovation with over a century of progressive, yet proven integrity and reliability management expertise to fuel a better tomorrow. For more information, please visit www.teaminc.com.

Forward Looking Statements

Certain forward-looking information contained herein is being provided in accordance with the provisions of the Private Securities Litigation Reform Act of 1995. We have made reasonable efforts to ensure that the information, assumptions, and beliefs upon which this forward-looking information is based are current, reasonable, and complete. However, such forward-looking statements involve estimates, assumptions, judgments, and uncertainties. They include but are not limited to statements regarding the Company’s financial and growth prospects and strategy, including the implementation of cost-saving measures. There are known and unknown factors that could cause actual results or outcomes to differ materially from those addressed in the forward-looking information. Although it is not possible to identify all of these factors, they include, among others: the Company’s ability to generate sufficient cash from operations, access its credit facilities, or maintain its compliance with covenants under its credit agreements and its preferred stock certificate of designation; negative market conditions, including domestic and global inflationary pressures, the impact of changes in global trade policies and tariffs, and future economic uncertainties, particularly in industries in which the Company is heavily dependent; the Company’s liquidity and ability to obtain additional financing; the impact of new or changes to existing governmental laws and regulations and their application, including tariffs; the outcome of tax examinations, changes in tax laws, and other tax matters; foreign currency exchange rate and interest rate fluctuations; the Company’s ability to repay, refinance or restructure its debt and the debt of certain of its subsidiaries; anticipated or expected purchases or sales of assets; the Company’s ability to maintain compliance with the New York Stock Exchange continued listing requirements and rules, and such known factors as are detailed in the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, each as filed with the Securities and Exchange Commission, and in other reports filed by the Company with the Securities and Exchange Commission from time to time. Accordingly, there can be no assurance that the forward-looking information contained herein, including statements regarding the Company’s financial prospects and the implementation of cost-saving measures, will occur or that objectives will be achieved. We assume no obligation to publicly update or revise any forward-looking statements made today or any other forward-looking statements made by the Company, whether as a result of new information, future events or otherwise, except as may be required by law.

Contact:

Alpha IR Group
Nick Teves or Joseph Caminiti
TISI@alpha-ir.com
312-445-2870

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Team (NYSE:TISI) announce about Stellex Capital Management on August 10, 2026?

Team announced that an entity controlled by Stellex Capital Management bought 1,604,326 Team common shares from Corre Partners. According to Team, this privately negotiated transaction makes Stellex the company’s largest common equity shareholder once the deal closes.

How many Team (TISI) shares did Stellex acquire and at what price per share?

Stellex acquired 1,604,326 Team common shares at a purchase price of $35.50 per share. According to Team, the shares were purchased from Corre Partners and its affiliates in a privately negotiated transaction between existing stakeholders.

Will Team (TISI) receive any proceeds or issue new shares in the Stellex-Corre transaction?

Team will not receive any proceeds and is not issuing new shares in this transaction. According to Team, the sale was strictly between existing shareholders, with no new equity raised or capital inflow to the company.

What percentage of Team’s outstanding common stock will Stellex own after this transaction?

After closing, Stellex is expected to own approximately 35% of Team’s outstanding common stock. According to Team, this is in addition to preferred stock and warrants issued to Stellex in September 2025, making Stellex its largest common equity holder.

Who sold the Team (TISI) shares to Stellex and how was the deal structured?

Corre Partners Management and its affiliates sold 1,604,326 Team shares to an entity controlled by Stellex. According to Team, the deal was a privately negotiated secondary transaction between existing stakeholders, with no direct involvement of the company in issuing new equity.

What does Stellex say about its increased investment in Team (NYSE:TISI)?

Stellex states it has strong conviction in Team’s fundamentals, leadership, and long-term opportunity. According to Stellex’s comments shared by Team, increasing ownership reflects confidence in the company’s transformation and its effort to create long-term value for shareholders.