---
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"
generated_at: "2026-06-07T20:14:13.753517+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# TechPrecision signs definitive agreement to acquire Votaw Precision for up to $85M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-122025
- JSON: https://secwatch.observer/filing/0001104659-23-122025.json
- Plain text: https://secwatch.observer/filing/0001104659-23-122025.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Doerfer Corporation
  - Value: $70,000,000, less the amount of indebtedness and transaction expenses of Votaw, plus the amount of u
  - Effective: 2023-11-22
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1328792/000110465923122025/0001104659-23-122025-index.htm

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