Form 4: Corre Partners Management, LLC Reports Acquisition of 2,800 Shares of TEAM Inc.

Corre Partners Management, LLC reported the acquisition of 2,800 shares of TEAM Inc. common stock at a price of $7.3179 per share on June 3, 2024, increasing their indirect holdings.

Summary

• On June 3, 2024, Corre Partners Management, LLC acquired 2,800 shares of TEAM Inc. common stock at $7.3179 per share.
• Following the transaction, the total number of shares beneficially owned indirectly by Corre Partners Management, LLC is 1,555,520.
• These shares are held directly by Corre Opportunities Qualified Master Fund, LP (1,037,691 shares), Corre Horizon Fund, LP (249,942 shares), and Corre Horizon II Fund, LP (267,887 shares).
• Corre Partners Management, LLC serves as 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: 6

Explanation: The sentiment is neutral as it reports a routine transaction. There are no explicit positive or negative implications for TEAM Inc.'s performance.

Positives

• The acquisition of additional shares demonstrates continued investment in TEAM Inc. by Corre Partners Management, LLC.

Industry Context

This filing reflects ongoing investment activity by a significant shareholder in TEAM Inc., which is typical in the financial markets as investment firms adjust their positions in publicly traded companies.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder confidence due to the increased investment by Corre Partners Management, LLC.

Key Dates