Team Inc
4.99%
500,000
318833
Aug 5, 2026
Aug 10, 2026, 04:52 PM
Reporting Persons (5)
| Name | Type | % of Class | Aggregate | Sole Voting | Shared Voting |
|---|---|---|---|---|---|
| Corre Opportunities Qualified Master Fund, LP | Partnership | 4.99% | 255,058 | 0 | 255,058 |
| Corre Partners Advisors, LLC | Other | 4.99% | 500,000 | 0 | 500,000 |
| John Barrett | Individual | 4.99% | 0 | 0 | 500,000 |
| Corre Horizon II Fund, LP | 2.74% | 128,850 | 0 | 128,850 | |
| Corre Horizon Fund, LP | Partnership | 2.48% | 116,092 | 0 | 116,092 |
Disclosure Items (6)
Common Stock, $0.30 par value
Team Inc
13131 Dairy Ashford, Sugar Land, TX, 77478
Effective as of February 1, 2026, Mr. Eric Soderlund has retired from his positions with Corre Partners Advisors, LLC and Corre Partners Management, LLC and has ceased to have or share voting or dispositive power with respect to the securities that are the subject of this filing. Accordingly, Mr. Soderlund is hereby removed as a Reporting Person.
See rows (11) and (13) of the cover page to this Schedule 13D for the aggregate number of shares of Common Stock and percentage of shares of Common Stock beneficially owned by each Reporting Person, and is calculated based upon an aggregate of 4,571,382 shares of Common Stock outstanding as of May 11, 2026, as reported on the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2026 filed with the SEC on May 13, 2026 and assumes the issuance of the shares of Common Stock underlying Warrant No. 2, Warrant No. 3 and Warrant No. 4 held by the Reporting Persons.
See rows (7) through (10) of the cover page to this Schedule 13D for the number of shares of Common Stock as to which each Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition.
Item 4 of this Schedule 13D is incorporated by reference. No other transactions in the shares of Common Stock have been effected by each Reporting Person during the past sixty (60) days.
8-07-2026
The Reporting Persons' response to Item 4 of this Amendment is incorporated by reference into this Item 6.
99.1 - Securities Purchase Agreement, dated as of August 6, 2026, by and among Corre Partners Management, LLC, Corre Opportunities Qualified Master Fund, LP, Corre Horizon Fund, LP, Corre Horizon II Fund, LP and InspectionTech Holdings LP.