Form 4: Corre Partners Management, LLC Increases Stake in Team, Inc. (TISI)

Corre Partners Management, LLC reports acquisition of 4,000 shares of Team, Inc. at $8.288 per share, increasing their indirect holdings.

Summary

• Corre Partners Management, LLC filed a Form 4 on June 17, 2024, reporting a transaction that occurred on June 14, 2024.
• The transaction involved the acquisition of 4,000 shares of Common Stock of Team, Inc. (TISI) at a price of $8.288 per share.
• Following the transaction, the total number of shares beneficially owned indirectly by Corre Partners Management, LLC is 1,559,520.
• The shares are held directly by Corre Opportunities Qualified Master Fund, LP (1,040,951 shares), Corre Horizon Fund, LP (249,942 shares), and Corre Horizon II Fund, LP (268,627 shares).
• Corre Partners Management, LLC is the Investment Adviser for these funds, with investment management authority delegated by Corre Partners Advisors, LLC, the general partner of the funds.
• John Barrett and Eric Soderlund are the co-owners and managing members of both the Investment Adviser and the General Partner.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard regulatory filing indicating a change in ownership. It doesn't inherently suggest positive or negative outlook.

Positives

• Corre Partners Management, LLC increased its investment in Team, Inc., signaling potential confidence in the company's future prospects.

Industry Context

This filing reflects the ongoing investment activity of institutional investors in publicly traded companies. Form 4 filings are a routine part of the regulatory landscape, providing transparency into significant ownership changes.

Stakeholder Impact

• The increased stake by Corre Partners Management, LLC could be viewed positively by shareholders, potentially signaling confidence in the company's prospects.

Key Dates