---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-044560"
form_type: "8-K"
ticker: "TPCS"
cik: "0001328792"
company_name: "TECHPRECISION CORP"
filed_at: "2024-04-08T23:59:59+00:00"
generated_at: "2026-06-04T01:16:41.423138+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# TechPrecision terminates Votaw acquisition; owes 320k share termination fee

## Summary
- Seller Doerfer terminated the Stock Purchase Agreement on Apr 2, 2024; reinstatement negotiations failed.
- Pursuant to SPA, TechPrecision must issue 320,000 shares to Doerfer as termination fee.
- Company disclosed cleansing information related to abandoned financing via press release link.
- No financial impact beyond share issuance disclosed; cleansing info includes non-GAAP EBITDA.

## SEC filing metadata
- accession: 0001104659-24-044560
- form_type: 8-K
- ticker: TPCS
- cik: 0001328792
- company_name: TECHPRECISION CORP
- filed_at: 2024-04-08T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1328792/000110465924044560/0001104659-24-044560-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1328792/000110465924044560/tm2411297d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-044560
- JSON: https://secwatch.observer/filing/0001104659-24-044560.json
- Plain text: https://secwatch.observer/filing/0001104659-24-044560.txt

## Key facts
- Material Agreements
  TECHPRECISION CORP terminated Purchase Agreement with Doerfer Corporation valued at 320,000 shares of the Company’s common stock (effective 2024-04-02).
  - Action: termination
  - Agreement: merger
  - Counterparty: Doerfer Corporation
  - Value: 320,000 shares of the Company’s common stock
  - Effective: 2024-04-02
  source text: On April 2, 2024, the Seller delivered to the Company written notice of its election to terminate the Purchase Agreement under Section 7.01(f) effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1328792/000110465924044560/0001104659-24-044560-index.htm

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