Team, Inc. completes 1-for-10 reverse stock split, reduces authorized shares to 12M

TEAM INC

Effective 5:00 p.m. ET Dec 21, 2022; shares begin trading split-adjusted on NYSE Dec 22 under same ticker TISI with new CUSIP 878155 308.
Outstanding shares reduced from ~43.4M to ~4.34M; authorized shares reduced from 120M to 12M.
Fractional shares eliminated; cash payment based on aggregate sale by transfer agent Computershare, not closing price (correction issued Dec 22).
Conversion rate on 5.00% Convertible Senior Notes due 2023 adjusted from 46.0829 to 4.6083 shares per $1,000 principal.
Proportionate adjustments made to warrants, equity awards, and convertible securities.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.