Form 4: Corre Partners Management, LLC Reports Purchase of TEAM Inc. Shares

Corre Partners Management, LLC reports the acquisition of 12,857 shares of TEAM Inc. common stock at $7.1043 per share on March 28, 2024.

Summary

• On March 28, 2024, Corre Partners Management, LLC acquired 12,857 shares of TEAM Inc. common stock at a price of $7.1043 per share.
• Following this transaction, the total number of shares beneficially owned by Corre Partners Management, LLC and related entities is 1,542,367.
• The shares are held directly by Corre Opportunities Qualified Master Fund, LP (1,026,832 shares), Corre Horizon Fund, LP (249,942 shares), and Corre Horizon II Fund, LP (265,593 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. It's a routine disclosure of a stock purchase. The size of the purchase is not large enough to indicate a strong positive or negative sentiment.

Positives

• The purchase indicates confidence in TEAM Inc.'s prospects by a significant shareholder.

Industry Context

This filing reflects ongoing investment activity by a significant shareholder in TEAM Inc., which could be indicative of broader investor sentiment towards the company or the industry it operates in.

Stakeholder Impact

• The purchase could have a slightly positive impact on shareholder confidence.

Key Dates