TPI COMPOSITES, INC — fact timeline

TPI COMPOSITES, INC entered into ECP Purchase Agreement with ECP Blade Holdings LLC valued at $20,000,000 in cash (effective 2026-03-06).

“On March 6, 2026, the Company and certain of its direct and indirect subsidiaries (collectively, the “ECP Seller Parties”) entered into a Stock and Asset Purchase Agreement (the “ECP Purchase Agreement”) with ECP Blade Holdings LLC (“ECP Buyer”).”

TPI COMPOSITES, INC reported a default on credit facility with Oaktree Fund Administration, LLC.

“On March 1, 2026, the Company received a letter from the Administrative Agent regarding an Event of Default occurring under the Super-Priority Senior Secured Priming Debtor-in-Possession Credit Agreement and Guaranty, dated as of August 14, 2025, among the Company, as the Borrower, the subsidiary guarantors party thereto, the lenders party thereto and Oaktree as the Administrative Agent (as amended, modified or supplemented from time to time, the “DIP Credit Agreement”).”

TPI COMPOSITES, INC entered into Mexico Purchase Agreement with Vestas America Holdings, Inc. valued at $1.00 (effective 2026-03-04).

“the Company and certain of its direct and indirect subsidiaries (collectively, the “Mexico APA Sellers”) entered into an Asset Purchase Agreement with the Commitment Party (the “Mexico Purchase Agreement”), pursuant to which the Commitment Party will purchase certain limited assets of each of the Mexico APA Sellers primarily related to the manufacturing of wind turbine blades in Matamoros, Mexico, in exchange for $1.00 and the assumption of certain liabilities (the “Mexico APA Transaction”)”

TPI COMPOSITES, INC entered into Equity Commitment Agreement with Vestas America Holdings, Inc. and Vestas Wind Systems A/S valued at $13,999,999 in cash (effective 2026-03-04).

“On March 4, 2026, certain subsidiaries of the Company, TPI Mexico V, LLC (“TPI Mexico V”) and TPI Mexico VI, LLC (“TPI Mexico VI” and, together with TPI Mexico V, the “TPI Mexico Entities”), entered into an Equity Commitment Agreement (the “Equity Commitment Agreement”) with Vestas America Holdings, Inc. (the “Commitment Party”) and Buyer Parent”

TPI COMPOSITES, INC entered into India Purchase Agreement with Vestas Wind Technology India Private Limited and Vestas Wind Systems A/S valued at $10,000,000 in cash (effective 2026-03-04).

“On March 4, 2026, the Company, and certain of its direct and indirect subsidiaries entered into an Asset Purchase Agreement (the “India Purchase Agreement”) with Vestas Wind Technology India Private Limited (“Buyer”) and Vestas Wind Systems A/S (“Buyer Parent”)”

TPI COMPOSITES, INC completed a disposition involving XCS Composites L.L.C-FZ (closed 2025-09-10).

“On September 10, 2025, in accordance with the Term Sheet, following the satisfactory completion of the closing conditions, including the approval of the U.S. Bankruptcy Court for the Southern District of Texas, TPI Holdings Switzerland GmbH (“Seller”) consummated the sale and transfer to the Purchaser of the Seller’s ownership interests in two of the Company’s subsidiaries, TPI Kompozit Kanat Sanayi ve Ticaret Anonim Şirketi and TPI Kompozit Kanat 2 Üretim Sanayi ve Ticaret Limited Şirketi (together, “TPI Türkiye”).”

TPI COMPOSITES, INC faced acceleration on credit facility of €71.2 million with Turkish lenders at not specified maturing due and payable.

“cash held in its Turkish bank accounts with these lenders. The obligations of the Company’s Turkish subsidiaries due and payable under such facilities amount to approximately €71.2 million as of the Petition Date. The Company expects that the debts under the Turkish unsecured credit facilities will be addressed in connection with a liquidation of the Turkish”

TPI COMPOSITES, INC faced acceleration on convertible notes of $135.3 million with Convertible Note holders at accrued and unpaid fees and interest maturing immediately due and payable.

“The commencement of the Chapter 11 Cases constituted an event of default that accelerated all of the Company’s obligations under the documents governing the Existing Credit Agreement and the 5.25% Convertible Senior Unsecured Notes (the “Convertible Notes”), amounting to borrowings of approximately $471.8 million and $135.3 million, respectively, as of the Petition Date.”

TPI COMPOSITES, INC faced acceleration on term loan of $471.8 million with lenders under Existing Credit Agreement at accrued and unpaid fees and interest, plus paid-in-kind interest maturing immediately due and payable.

“The commencement of the Chapter 11 Cases constituted an event of default that accelerated all of the Company’s obligations under the documents governing the Existing Credit Agreement and the 5.25% Convertible Senior Unsecured Notes (the “Convertible Notes”), amounting to borrowings of approximately $471.8 million and $135.3 million, respectively, as of the Petition Date.”

TPI COMPOSITES, INC incurred credit facility of $82.5 million with Oaktree Fund Administration, LLC at SOFR + 9%, payable in kind; plus 2% upon default maturing nine months from the Petition Date.

“pursuant to the Chapter 11 Cases. The DIP Lenders have agreed to provide the Company with a multiple draw term loan facility in an aggregate principal amount not to exceed $82.5 million (the “DIP Facility”). Under the DIP Facility, (i) $7.5 million of new money is available pursuant to the order of the Bankruptcy Court approving the DIP Facility on an interim”

TPI COMPOSITES, INC entered chapter 11 in United States Bankruptcy Court for the Southern District of Texas (petition 2025-08-11).

“On August 11, 2025 (the “Petition Date”), TPI Composites, Inc. (the “Company”) and certain of its direct and indirect subsidiaries (collectively with the Company, the “Company Parties” or the “Debtors”) each filed voluntary petitions for relief under chapter 11 of title 11 of the United States Code (the “Bankruptcy Code” and such cases, the “Chapter 11 Cases”) in the United States Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”).”

TPI COMPOSITES, INC received a nasdaq delisting notice notice regarding other (rules 5101, 5110(b), IM-5101-1).

“August 12, 2025, the Company received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that the Nasdaq Staff has determined that the Company’s common stock, par value $0.01 per share (the “Common Stock”) will be delisted from the Nasdaq in accordance with Listing Rules 5101, 5110(b), and IM-5101-1 as a result of the Company’s commencement of the Chapter 11 Cases.. The Company does not intend to appeal this determination. Trading of the Company’s Common Stock will be suspended at the opening of business on August 19, 2025, and a”

Timothy Pohl was appointed as director at TPI COMPOSITES, INC.

“On May 8, 2025, the Board appointed Mr. Neal Goldman and Mr. Timothy Pohl to serve as directors on the Board.”

Neal Goldman was appointed as director at TPI COMPOSITES, INC.

“On May 8, 2025, the Board appointed Mr. Neal Goldman and Mr. Timothy Pohl to serve as directors on the Board.”

Jennifer Lowry resigned as director at TPI COMPOSITES, INC.

“On May 8, 2025, Edward C. Hall and Jennifer Lowry resigned from the board of directors (the “Board”) of TPI Composites, Inc.”

Edward C. Hall resigned as director at TPI COMPOSITES, INC.

“On May 8, 2025, Edward C. Hall and Jennifer Lowry resigned from the board of directors (the “Board”) of TPI Composites, Inc.”

TPI COMPOSITES, INC received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1), 5810(c)(3)(A)).

“May 2, 2025, TPI Composites, Inc. (the “Company”) received a deficiency letter from the Nasdaq Listing Qualifications Department (the “Nasdaq Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the last 30 consecutive business days, the closing bid price for the Company’s common stock (the “Common Stock”) has been below the minimum $1.00 per share required for continued listing on The Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(a)(1) (the “Nasdaq Minimum Bid Price Requirement”). The Nasdaq deficiency letter has no immediate effect on the listing of t”

TPI COMPOSITES, INC: Extended deadline for notice of director nominations for the 2025 Annual Meeting to May 30, 2025 (effective 2025-04-29).

“On April 29, 2025, the Board of Directors of the Company extended the deadline for notice of director nominations for consideration at the 2025 Annual Meeting to May 30, 2025 pursuant to the Company’s Third Amended and Restated Bylaws”

TPI COMPOSITES, INC: The Board extended the deadline for notice of director nominations for the 2025 Annual Meeting to April 30, 2025, pursuant to the Company’s Third Amended and Restated Bylaws (effective 2025-03-26).

“On March 26, 2025, the Board of Directors of the Company extended the deadline for notice of director nominations for consideration at the 2025 Annual Meeting to April 30, 2025 pursuant to the Company’s Third Amended and Restated Bylaws (the “Bylaws”).”

TPI COMPOSITES, INC: The Board extended the deadline for notice of director nominations for the 2025 Annual Meeting to March 31, 2025, pursuant to the bylaws (effective 2025-02-27).

“On February 27, 2025, the Board of Directors of the Company extended the deadline for notice of director nominations for consideration at the 2025 Annual Meeting to March 31, 2025 pursuant to the Company’s Third Amended and Restated Bylaws (the “Bylaws”).”

Jennifer Lowry was appointed as Director at TPI COMPOSITES, INC.

“On November 7, 2024, TPI Composites, Inc. (the Company) announced that Jennifer Lowry will be appointed to its Board of Directors (the Board), effective as of November 13, 2024.”

TPI COMPOSITES, INC announced a impairment with charges of approximately $20 million affecting Automotive Subsidiary.

“As a result of the divestiture, the Company expects to recognize a non-cash, pre-tax impairment charge of approximately $20 million during the second quarter of fiscal 2024.”

Jerry Lavine resigned as President, Automotive at TPI COMPOSITES, INC.

“Jerry Lavine, the Company’s current President, Automotive and a named executive officer accepted an offer of employment from CCI and in connection therewith will be deemed to have resigned effective as of the Closing Date and is discharged from his duties with the Company effective as of the Closing Date.”

TPI COMPOSITES, INC reported three months ended March 31, 2024 results: revenue $299.1 million, net income -$61.8 million, EPS -$1.31. Guidance reaffirmed.

“Net sales for the three months ended March 31, 2024, decreased 26.0% to $299.1 million as compared to $404.1 million in the same period in 2023 due to the following: Net Sales of wind blades, tooling and other wind related sales (“Wind”) decreased by $98.7 million, or 25.5%, to $288.9 million for the three months ended March 31, 2024, as compared to $387.6 million in the same period in 2023. The decrease was primarily due to a decrease in the number of wind blades produced due to the number of lines that we are starting up or transitioning, expected volume declines based on market activity levels, and lower average sales prices of wind blades due to changes in the mix of wind blade models produced. This decrease was partially offset by favorable foreign currency fluctuations and an increase in tooling sales in preparation for manufacturing line startups and transitions. Automotive sales decreased $5.3 million, or 51.1%, to $5.0 million for the three months ended March 31, 2024, as comp”

Edward "Ned" Hall was appointed as Class II Director at TPI COMPOSITES, INC.

“On April 9, 2024, the Company announced that Edward “Ned” Hall has been nominated to stand for election as a Class II director at the Annual Meeting to fill one of the vacancies created by the retirements of Ms. Hudson and Mr. Deutch.”

Philip Deutch departed as Director at TPI COMPOSITES, INC.

“On April 5, 2024, Linda Hudson and Philip Deutch each notified TPI Composites, Inc. (the “Company”) of their decisions to retire and not to stand for re-election to the Board of Directors (the “Board”) of the Company at the 2024 Annual Meeting of Stockholders (the “Annual Meeting”).”

Linda Hudson departed as Director at TPI COMPOSITES, INC.

“On April 5, 2024, Linda Hudson and Philip Deutch each notified TPI Composites, Inc. (the “Company”) of their decisions to retire and not to stand for re-election to the Board of Directors (the “Board”) of the Company at the 2024 Annual Meeting of Stockholders (the “Annual Meeting”).”

Lance Marram resigned as Chief Commercial Officer – Wind at TPI COMPOSITES, INC.

“On March 6, 2024, Lance Marram notified TPI Composites, Inc. (the “Company”) of his decision to resign from his position as Chief Commercial Officer – Wind of the Company, effective March 15, 2024, to pursue other business opportunities.”

TPI COMPOSITES, INC reported the fourth quarter and full year ended December 31, 2023 results: revenue $297.0 million, net income $11.6 million, EPS $0.27.

“industry, we believe we are in excellent position to deliver for our customers and shareholders.” Fourth Quarter 2023 Results and Recent Business Highlights Net Sales totaled $297.0 million for the three months ended December 31, 2023, a decrease of 26.2% over the same period last year. Net Income from continuing operations attributable to common stockholders was”

Andrew Moir was appointed as board observer at TPI COMPOSITES, INC.

“Following his resignation, Mr. Moir will be appointed to a board observer role.”

Andrew Moir resigned as member of the board of directors at TPI COMPOSITES, INC.

“On January 2, 2024, Andrew Moir notified TPI Composites, Inc. (the “Company”) of his resignation as a member of the Company’s board of directors, effective immediately.”

TPI COMPOSITES, INC: Cancellation of Certificate of Designations for Series A Preferred Stock (effective 2023-12-14).

“on December 14, 2023, the Company will file a Cancellation of Certificate of Designations of the Series A Preferred Stock (the “Certificate of Cancellation”) with the Secretary of State of the State of Delaware.”

TPI COMPOSITES, INC incurred term loan of $443,000,000 with Oaktree Fund Administration, LLC at 11.00% maturing March 31, 2027.

“to time party thereto (the “Lenders”) and Oaktree Fund Administration, LLC, as administrative agent for the Lenders. The Credit Agreement establishes a term loan facility of $443,000,000 (the “Term Loan”), consisting of (i) $393,000,000 in Initial Term Loans (as defined in the Credit Agreement), which shall be deemed made on the Closing Date by the Lenders on a”

TPI COMPOSITES, INC entered into Amended and Restated Investor Rights Agreement with the Purchasers (Oaktree funds) (effective 2023-12-14).

“Contemporaneously with the execution and delivery of the Credit Agreement and the Purchase Agreement, the Company and the Purchasers entered into an Amended and Restated Investor Rights Agreement (the “A&R Investor Rights Agreement”), which amends and restates in its entirety that certain Investor Rights Agreement, dated as of November 22, 2021, by and between the Company and the Purchasers.”

TPI COMPOSITES, INC entered into Common Stock Purchase Agreement with Oaktree Power Opportunities Fund V (Delaware) Holdings, L.P., OPPS TPIC Holdings, LLC and Oaktree Phoenix Investment Fund, L.P. valued at $43,000,000 (effective 2023-12-14).

“On December 14, 2023, the Company entered into a Common Stock Purchase Agreement (the “Purchase Agreement”) with Oaktree Power Opportunities Fund V (Delaware) Holdings, L.P., OPPS TPIC Holdings, LLC and Oaktree Phoenix Investment Fund, L.P. (collectively, the “Purchasers”). Pursuant to the Purchase Agreement, the Purchasers have agreed to waive, cancel and terminate their respective rights to an aggregate of $43,000,000 of accrued and unpaid dividends on the shares of Series A Preferred Stock in exchange for, and in consideration of, the issuance by the Company of an aggregate of 3,899,903 shares of the Company’s common stock”

TPI COMPOSITES, INC entered into Credit Agreement and Guaranty with Oaktree Fund Administration, LLC, as administrative agent, and lenders including funds managed by Oaktree Capital Management, LP valued at $443,000,000 (effective 2023-12-14).

“On December 14, 2023, TPI Composites, Inc., a Delaware corporation (the “Company”), entered into the following agreements with funds managed by Oaktree Capital Management, LP (“Oaktree”) to refinance Oaktree’s outstanding Series A Preferred Stock holdings in the Company. Credit Agreement and Guaranty On December 14, 2023 (the “Closing Date”), the Company entered into a Credit Agreement and Guaranty (the “Credit Agreement”) with the subsidiary guarantors from time to time party thereto, the lenders from time to time party thereto (the “Lenders”) and Oaktree Fund Administration, LLC, as administrative agent for the Lenders. The Credit Agreement establishes a term loan facility of $443,000,000 (the “Term Loan”)”

Charles Stroo was appointed as Chief Operating Officer, Wind at TPI COMPOSITES, INC.

“On November 27, 2023, TPI Composites, Inc. (the Company), announced the appointment of Charles Stroo as the Company’s new Chief Operating Officer, Wind, effective November 27, 2023.”

TPI COMPOSITES, INC reported the three months ended September 30, 2023 results: revenue $372.9 million, net income $72.8 million, EPS $1.71.

“the globe and we are ready and look forward to increasing our role when the wind market turns for the better.” Third Quarter 2023 Continuing Operations Results Net Sales totaled $372.9 million for the three months ended September 30, 2023, a decrease of 3.0% over the same period last year Net loss from continuing operations attributable to common stockholders was $72.8”

TPI COMPOSITES, INC reported second quarter ended June 30, 2023 results: revenue $381.3 million, net income $80.8 million, EPS $1.90.

“to navigate the near-term headwinds and put us on a path to achieve our sales and adjusted EBITDA targets.” Second Quarter 2023 Continuing Operations Results Net Sales totaled $381 million for the three months ended June 30, 2023, a decrease of 2.9% over the same period last year Net loss from continuing operations attributable to common stockholders was $80.8”

TPI COMPOSITES, INC reported second quarter ended June 30, 2023 results: revenue Approximately $380 million, net income Range of $78 million to $83 million loss. Guidance lowered.

“footprint,” added Mr. Siwek. Second Quarter 2023 Selected, Preliminary Estimated Results For the second quarter ended June 30, 2023, we expect: Net Sales Approximately $380 million Net Loss Attributable to Common Stockholders Range of $78 million to $83 million loss Adjusted EBITDA (1) Range of $36 million to $41 million loss (1) See the attached table for”

Ramesh Gopalakrishnan departed as President and Chief Operating Officer – Wind at TPI COMPOSITES, INC.

“TPI Composites, Inc. (the “Company”) notified Ramesh Gopalakrishnan, the Company’s President and Chief Operating Officer – Wind, that his last day of employment with the Company was July 18, 2023.”

TPI COMPOSITES, INC shareholders rejected Approve an Amendment to the Company's Amended and Restated Certificate of Incorporation to eliminate supermajority voting requirements at the 2023-06-22 meeting.

“Proposal Five: Approve an Amendment to the Company's Amended and Restated Certificate of Incorporation to eliminate supermajority voting requirements Votes For Votes Against Abstentions Broker Non-Votes 31,278,302 146,068 41,270 2,607,083 This proposal was not approved because it required the affirmative vote of at least 75% of the outstanding shares of capital stock of the Company.”

TPI COMPOSITES, INC shareholders rejected Approve an Amendment to the Company's Amended and Restated Certificate of Incorporation to declassify the Board of Directors of the Company at the 2023-06-22 meeting.

“Proposal Four: Approve an Amendment to the Company's Amended and Restated Certificate of Incorporation to declassify the Board of Directors of the Company Votes For Votes Against Abstentions Broker Non-Votes 31,079,473 81,054 305,113 2,607,083 This proposal was not approved because it required the affirmative vote of at least 75% of the outstanding shares of capital stock of the Company.”

TPI COMPOSITES, INC shareholders approved Non-Binding Advisory Vote on Named Executive Officer Compensation at the 2023-06-22 meeting.

“Proposal Three: Non-Binding Advisory Vote on Named Executive Officer Compensation Votes For Votes Against Abstentions Broker Non-Votes 25,974,557 5,153,723 337,360 2,607,083”

TPI COMPOSITES, INC shareholders approved Ratification of the Appointment of our Independent Registered Public Accounting Firm at the 2023-06-22 meeting.

“Proposal Two: Ratification of the Appointment of our Independent Registered Public Accounting Firm Votes For Votes Against Abstentions Broker Non-Votes 32,838,849 1,179,631 54,253 —”

TPI COMPOSITES, INC shareholders approved Election of Directors at the 2023-06-22 meeting.

“Proposal One: Election of Directors The stockholders elected Steven Lockard, William Siwek and Philip Deutch as Class I directors to hold office until the 2026 Annual Meeting of Stockholders or until their successors are duly elected and qualified, subject to their earlier resignation or removal.”

TPI COMPOSITES, INC reported financial results for the first quarter ended March 31, 2023.

“On May 3, 2023, TPI Composites, Inc. (the Company) issued a press release announcing its financial results for the three months ended March 31, 2023.”

TPI COMPOSITES, INC entered into Capped Call Transactions with certain initial purchasers of the Notes or their respective affiliates and certain other financial institutions (effective 2023-02-28).

“On February 28, 2023, in connection with the pricing of the Notes, the Company entered into privately negotiated capped call transactions (the “Base Capped Call Transactions”) with certain initial purchasers of the Notes or their respective affiliates and certain other financial institutions (the “Option Counterparties”).”

TPI COMPOSITES, INC entered into Indenture with U.S. Bank Trust Company, National Association valued at $132,500,000 (effective 2023-03-03).

“The Notes were issued pursuant to an Indenture, dated March 3, 2023 (the “Indenture”), between the Company and U.S. Bank Trust Company, National Association, as trustee.”

TPI COMPOSITES, INC reported the year ended December 31, 2022 results: net income $124.2 million. Guidance initiated.

“Net loss attributable to common stockholders was $124.2 million for the year ended December 31, 2022, and $57.8 million for the three months ended December 31, 2022.”