Teamshares Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $364.0M
- Price
- $4.92
- % Change (Daily % change from the live per-ticker quote feed.)
- -6.99%
- Volume
- 70.1K
About
Teamshares is a tech-enabled acquiror of small and medium-sized businesses from retiring owners that transitions them to employee ownership. Part holding company and part fintech, it provides new leadership, financial education, and software, with the goal of being a permanent home for the businesses.
Quick stats
Shares outstanding74.0M
Computed float64.3M
Float / shares87.0%
Cash runway (months)130.4
Key info
SectorFinancial Services
IndustryFinancial - Conglomerates
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0002048951
Websitehttps://www.teamshares.com
AI Summary
AI-generated1/9
standardbullishdebt offering
Teamshares Retires Legacy Credit Facility with Term Loan Maturing 4Q 2030
Teamshares repaid its $150 million legacy credit facility in full with a new $130 million four-year term loan from Sound Point Capital affiliates maturing in 4Q 2030, funded partly with cash on hand.
The new loan carries a 9.5% floating spread above SOFR — a 1.5-point absolute (14% relative) improvement — cutting annual interest expense by about $5 million; an early $17 million mezzanine repayment adds another $3 million in savings.
Management framed the refinancing as removing a material short-term maturity and preserving flexibility for acquisition financing as it pursues a $40 million EBITDA acquisition plan for 2026 and a $100 million Pro Forma Adjusted EBITDA forecast for 2027.
Red flags
- Term loan still carries a high 9.5% floating spread over SOFR; management itself calls the private credit financing 'a bridge' to cheaper public debt markets
- Forward-looking statements flag going-concern and covenant-compliance risks; limited operating history and Nasdaq listing maintenance risk