Financing ·
Teamshares closes $225M preferred equity investment from T. Rowe Price for acquisitions
TMSWWTeamshares Inc
Teamshares Inc. closed a $225 million preferred equity investment on September 23, 2026, issuing 225,000 shares of Series A Preferred Stock to purchasers affiliated with T. Rowe Price Investment Management. The company received net proceeds of approximately $222.75 million after a 1% original issue discount, with funds designated for programmatic acquisitions of small and medium-sized enterprises. The perpetual, non-voting, non-convertible shares carry a liquidation preference of $1,000 per share and accrue cumulative dividends at an annual rate of 16.0% if paid in cash or 18.0% if paid in kind. Teamshares retains the right to issue up to an additional $75 million in Series A Preferred Stock under identical terms. The company operates as a tech-enabled acquiror of high-quality small and medium-sized businesses.