Team, Inc. corrects fractional share cash-out method for reverse stock split

TEAM INC

Prior press releases incorrectly stated fractional cash would use Dec 21 closing price.
Corrected method: cash from aggregated sale of fractional shares by transfer agent.
No other changes to the previously announced one-for-ten reverse stock split.
Reverse stock split effective Dec 21, 2022; shares trade on NYSE as TISI.
Correction filed Dec 22, 2022 as 8-K/A with press release as Exhibit 99.1.

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