{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-122025","form_type":"8-K","ticker":"TPCS","cik":"0001328792","company_name":"TECHPRECISION CORP","filed_at":"2023-11-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.636371+00:00","generated_at":"2026-06-07T20:14:13.753517+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"TechPrecision signs definitive agreement to acquire Votaw Precision for up to $85M","bullets":["Purchase price up to $85M: $70M at closing, $15M in semi-annual payments, plus earnout up to $25M based on FY2024 EBITDA exceeding $11.175M.","Votaw projects FY23 revenue ~$46M, net income ~$4.7M, EBITDA ~$7.7M; deal expected to more than double TPCS revenue and EBITDA.","Votaw has 156 employees and a 200,000+ sq ft facility in Santa Fe Springs, CA, serving defense/aerospace customers including Lockheed, SpaceX, and ULA.","Closing expected by March 31, 2024; TechPrecision has 45-day due diligence termination right from signing.","CEO highlights potential cost savings by merging STADCO into Votaw footprint, saving millions in overhead and CAPEX."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-122025","json":"https://secwatch.observer/filing/0001104659-23-122025.json","markdown":"https://secwatch.observer/filing/0001104659-23-122025.md","text":"https://secwatch.observer/filing/0001104659-23-122025.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1328792/000110465923122025/0001104659-23-122025-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1328792/000110465923122025/tm2331591d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T20:14:13.753517+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c06c3741262e9cdbb2d5f66433320a35238889e5","claim":"TECHPRECISION CORP entered into Stock Purchase Agreement with Doerfer Corporation valued at $70,000,000, less the amount of indebtedness and transaction expenses of Votaw, plus the amount of u (effective 2023-11-22).","evidence_excerpt":"On November 22, 2023, TechPrecision Corporation, a Delaware corporation (the “ Company ”), entered into a Stock Purchase Agreement (the “ Purchase Agreement ”) with Doerfer Corporation, an Iowa corporation (the “ Seller ”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1328792/000110465923122025/0001104659-23-122025-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Doerfer Corporation"},{"label":"Value","value":"$70,000,000, less the amount of indebtedness and transaction expenses of Votaw, plus the amount of u"},{"label":"Effective","value":"2023-11-22"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}