---
schema_version: "secwatch.filing_event.v1"
accession: "0000318833-24-000012"
form_type: "8-K"
ticker: "TISI"
cik: "0000318833"
company_name: "TEAM INC"
filed_at: "2024-03-15T23:59:59+00:00"
generated_at: "2026-06-04T18:16:37.433138+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Team, Inc. receives NYSE delisting notice for failing $50M market cap and equity thresholds

## Summary
- Notice received March 14, 2024 for non-compliance with NYSE Rule 802.01B: avg global market cap <$50M and shareholders' equity <$50M over 30 days.
- Company has 45 days to submit a plan to regain compliance within 12 months; NYSE approval required.
- Common stock (TISI) continues trading on NYSE during cure period; no immediate impact on debt agreements.
- Company considering options but cannot assure compliance or continued listing.

## SEC filing metadata
- accession: 0000318833-24-000012
- form_type: 8-K
- ticker: TISI
- cik: 0000318833
- company_name: TEAM INC
- filed_at: 2024-03-15T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/318833/000031883324000012/0000318833-24-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/318833/000031883324000012/tisi-20240314.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000318833-24-000012
- JSON: https://secwatch.observer/filing/0000318833-24-000012.json
- Plain text: https://secwatch.observer/filing/0000318833-24-000012.txt

## Key facts
- Listing & Compliance Notices
  TEAM INC received a nyse deficiency notice notice regarding market value (rules 802.01B).
  - Exchange: nyse
  - Notice: deficiency notice
  - Deficiency: market value
  - Rules: 802.01B
  source text: March 14, 2024, Team, Inc. (the “Company”) received a written notice from the New York Stock Exchange (the “NYSE”) that the Company is not in compliance with the continued listing standards set forth in Rule 802.01B of the NYSE Listed Company Manual because its average global market capitalization over a consecutive 30 trading-day period was less than $50 million and, at the same time, its last reported shareholders’ equity was less than $50 million. As required by the NYSE, the Company intends to timely notify the NYSE of its intent to cure the deficiency and restore its compliance with the N
  evidence_url: https://www.sec.gov/Archives/edgar/data/318833/000031883324000012/0000318833-24-000012-index.htm
- Listing & Compliance Notices
  TEAM INC received a nyse deficiency notice notice regarding stockholders equity (rules 802.01B).
  - Exchange: nyse
  - Notice: deficiency notice
  - Deficiency: stockholders equity
  - Rules: 802.01B
  source text: March 14, 2024, Team, Inc. (the “Company”) received a written notice from the New York Stock Exchange (the “NYSE”) that the Company is not in compliance with the continued listing standards set forth in Rule 802.01B of the NYSE Listed Company Manual because its average global market capitalization over a consecutive 30 trading-day period was less than $50 million and, at the same time, its last reported shareholders’ equity was less than $50 million. As required by the NYSE, the Company intends to timely notify the NYSE of its intent to cure the deficiency and restore its compliance with the N
  evidence_url: https://www.sec.gov/Archives/edgar/data/318833/000031883324000012/0000318833-24-000012-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.