Stellex Capital becomes Team’s largest shareholder, lifts stake to about 35%

Reuters2026/08/10 21:45

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Stellex Capital-controlled entity bought 1,604,326 shares from Corre Partners at USD 35.5 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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Team Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608101745PRIMZONEFULLFEED9807285) on August 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Stellex Capital becomes Team’s largest shareholder, lifts stake to about 35%

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