TechPrecision closes $10M Rosenthal facility, repays $5.8M Beacon debt; flags possible 10-Q delay

TECHPRECISION CORP

$5.0M revolver plus $1.5M three-year and $3.5M five-year term loans; term loans at Prime +2.00%, revolver at Prime +0.75%/+1.25%.
Proceeds repaid ~$5.8M Beacon Bank facility, leaving $4.2M availability; closing costs ~$0.6M plus 25,000 TPCS shares issued to broker.
Covenant requires minimum tangible net worth of $5.5M; company reported $7.6M as of June 30, 2026; dividends capped at $250,000 annually.
Management says financing alleviates prior going-concern doubt; backlog was $52.7M as of June 30, 2026.
Company may miss timely filing of its Sept. 30, 2026 10-Q due to staff resources used on the financing close.

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