Every material Form 8-K Teamshares Inc has filed with the SEC since August 14, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
On October 16, 2026, Teamshares Continuity Holdings LLC, a subsidiary of Teamshares Inc, entered into a $130.0 million senior secured term loan and used it, with cash on hand, to repay in full the $150.0 million Existing Credit Agreement, with a payoff of about $152.8 million including accrued interest. The new loan carries a rate of one-month Term SOFR (3.00% floor) plus 9.50%, down from 11.00% on the old facility, but while it is outstanding the Company may not pay dividends or repurchase its equity without the agent's consent.
New $130.0 million term loan matures on the fourth anniversary of the October 16, 2026 closing date, with quarterly principal payments starting December 31, 2026
Interest rate is one-month Term SOFR (3.00% floor) plus 9.50%, versus Term SOFR (3.00% floor) plus 11.00% on the repaid facility
Company expects annual interest expense to decrease by approximately $5 million at current SOFR levels, per the press release
Credit agreement restricts dividends and equity repurchases without Agent consent, limiting shareholder payouts while the loan is outstanding
Teamshares closed the sale of 225,000 shares of a new non-voting, non-convertible Series A Preferred Stock on September 23, 2026, at $990 per share, for an aggregate $222.75 million. The buyers are affiliates of a holder of more than 10% of the common stock, and the company says the proceeds are primarily intended to fund acquisitions. The preferred ranks ahead of common stock on dividends and liquidation, carries a 16.0% cash dividend rate, and includes covenants that restrict debt and require at least $150 million of unrestricted cash until the existing credit facility is refinanced or repaid.
225,000 Series A shares sold at $990 per share, or $222.75 million in aggregate, closed September 23, 2026
Liquidation preference of $1,000 per share; cumulative dividends of 16.0% per year if paid in cash or 18.0% if paid in kind
Ranks senior to common stock; non-voting and not convertible into common stock
Company may sell up to $75 million more of the same series; must keep at least $150 million of unrestricted cash until the existing credit facility is refinanced or repaid
Teamshares reported second-quarter 2026 revenue of $148.7 million, up 20% from a year earlier, and net income of $9.5 million compared with a $12.9 million loss in the same period of 2025. The company reaffirmed its 2026 guidance of $60 million in Pro Forma Adjusted EBITDA, which assumes it completes transactions that provide additional capital for acquisitions. The net income improvement was helped by a non-cash $24.9 million gain from changes in the fair value of earnout share and deferred founder share liabilities.
Q2 2026 revenue was $148.7 million, up $25.1 million (20%) year over year; diluted EPS was $0.16 versus a $(0.26) loss a year earlier.
Adjusted EBITDA was $9.6 million, up $6.0 million (166%); Pro Forma Adjusted EBITDA was $9.8 million.
Full-year 2026 Pro Forma Adjusted EBITDA guidance of $60 million was reaffirmed, contingent on securing additional acquisition financing.
Non-binding letters of intent cover 10 businesses with about $30 million in annual EBITDA; a non-binding term sheet for a senior secured warehouse facility was entered on August 4, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
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