Recent Updates — TMSWW

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.

Teamshares Inc. reported financial results for the second quarter ended June 30, 2026, announcing revenue of $148.7 million, a 20% year-over-year increase, and net income of $9.5 million. Adjusted EBITDA rose 166% to $9.6 million, while LTM Pro Forma Adjusted EBITDA reached $21.2 million. The company reaffirmed its full-year 2026 guidance for Pro Forma Adjusted EBITDA of $60 million and reported approximately $30 million in annual SME EBITDA under letter of intent for pending acquisitions. Teamshares also disclosed the repayment of $54.5 million in debt obligations during and after the quarter, alongside entering a non-binding term sheet for a senior secured warehouse facility to fund future closings. Teamshares is a tech-enabled holding company that programmatically acquires small-to-medium-sized businesses from retiring owners.