TechPrecision (TPCS) pushes $4.5M credit line maturity to Jan 2026

Rhea-AI Filing Summary

TechPrecision Corporation, through its wholly owned subsidiary Ranor, Inc. and affiliates, amended its credit agreement with Berkshire Bank to extend the maturity of its revolving line of credit.

The revolving loan has a current maximum principal amount of $4,500,000, and its maturity date was moved from August 29, 2025 to January 16, 2026 under a Twelfth Amendment to the Amended and Restated Loan Agreement and related Eighth Amendment to the promissory note.

The company states there is no material relationship with Berkshire Bank beyond this loan arrangement and related documents. The full text of the amendment is provided as Exhibit 10.1.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities and Exchange Act of 1934

Date of Report (Date of earliest event reported): August 28, 2025

TECHPRECISION CORPORATION

(Exact Name of Registrant as Specified in Charter)

Delaware		001-41698		51-0539828
(State or Other Jurisdiction of Incorporation or Organization)		(Commission File Number)		(IRS Employer Identification No.)

1 Bella Drive

Westminster, MA 01473

(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (978) 874-0591

Securities registered or to be registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.0001 per share	TPCS	Nasdaq Capital Market

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement

As previously disclosed, on August 25, 2021, Ranor, Inc. (“Ranor”), a wholly owned subsidiary of TechPrecision Corporation (the “Company”), along with certain affiliates of the Company (together with Ranor, the “Borrowers”), entered into that certain Amended and Restated Loan Agreement (as amended from time to time, the “Amended and Restated Loan Agreement”) with Berkshire Bank under which, among other things, Berkshire Bank provided a revolving line of credit loan to the Borrowers which currently has a maximum principal amount of $4,500,000 (the “Revolver Loan”). Under the Amended and Restated Loan Agreement and related loan documents, as further amended, the Revolver Loan had a maturity date of August 29, 2025. On August 28, 2025, Ranor and the other Borrowers entered into a Twelfth Amendment to Amended and Restated Loan Agreement and Eighth Amendment to Second Amended and Restated Promissory Note (the “Amendment”) with Berkshire Bank.

The Amendment, among other things, extends the maturity date of the Revolver Loan from August 29, 2025 to January 16, 2026.

Other than in respect of the Amended and Restated Loan Agreement, the promissory notes made thereunder, the related security and guaranty documents and the previously disclosed past borrowing relationship, there is no material relationship between Ranor, the Company and the other affiliates of the Company party thereto, on the one hand, and Berkshire Bank, on the other hand. The description of the Amendment is qualified in its entirety by reference to the full text of the Amendment, a copy of which is attached hereto as Exhibit 10.1 and is incorporated by reference herein. 

Item 9.01 Financial Statements and Exhibits.

(d)           Exhibits

Exhibit Number		Description
10.1		Twelfth Amendment to Amended and Restated Loan Agreement and Eighth Amendment to Second Amended and Restated Promissory Note, executed on August 28, 2025, by and among Ranor, Inc., Stadco New Acquisition, LLC, Stadco, Westminster Credit Holdings, LLC and Berkshire Bank
104		Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	TECHPRECISION CORPORATION
Date: August 29, 2025	By:	/s/ Phillip E. Podgorski
	Name:	Phillip E. Podgorski
	Title:	Chief Financial Officer

FAQ

What did TechPrecision (TPCS) change in its Berkshire Bank credit facility?

TechPrecision, through Ranor, Inc. and affiliates, entered into a new amendment with Berkshire Bank that extends the maturity date of its revolving line of credit from August 29, 2025 to January 16, 2026.

What is the size of TechPrecision’s revolving credit line with Berkshire Bank?

Under the Amended and Restated Loan Agreement, Berkshire Bank provides a revolving line of credit with a current maximum principal amount of $4,500,000 to TechPrecision’s subsidiaries and affiliates.

Which TechPrecision entities are parties to the latest loan amendment?

The amendment is by and among Ranor, Inc., Stadco New Acquisition, LLC, Stadco, Westminster Credit Holdings, LLC, and Berkshire Bank.

Does TechPrecision have other material relationships with Berkshire Bank?

The company states there is no material relationship between its affiliates and Berkshire Bank other than the Amended and Restated Loan Agreement, related notes, security and guaranty documents, and the previously disclosed borrowing relationship.

Where can investors find the full details of TechPrecision’s loan amendment?

The complete terms of the amendment are set out in Exhibit 10.1, titled “Twelfth Amendment to Amended and Restated Loan Agreement and Eighth Amendment to Second Amended and Restated Promissory Note,” which is incorporated by reference.

What SEC form did TechPrecision use to report the loan amendment?

TechPrecision reported the loan amendment on a Form 8-K, which is used to disclose significant current events.