Team, Inc. Announces Correction To Press Release Of Its Completed One-For-Ten Reverse Stock Split
Team, Inc. Announces Correction To Press Release Of Its Completed One-For-Ten Reverse Stock Split
Team, Inc. (NYSE:TISI) ("TEAM" or the "Company"), a global leading provider of integrated, digitally-enabled asset performance assurance and optimization solutions, today announced a correction of its prior press releases "Team, Inc. Announces One-For-Ten Reverse Stock Split" issued on December 9, 2022, and its later press release "Team, Inc. Completes One-For-Ten Reverse Stock Split" issued on December 21, 2022. Each press release incorrectly stated that each stockholder that otherwise would receive fractional shares would receive, in lieu of such fractional shares, cash in an amount determined on the basis of the closing price of the Common Stock on the NYSE on December 21, 2022. However, as approved by the Company's stockholders on November 8, 2022 and consistent with the Certificate of Amendment to the Amended and Restated Certificate of Incorporation of the Company filed with the Delaware Secretary of State on December 21, 2022, each stockholder that otherwise would receive fractional shares will receive, in lieu of such fractional shares, cash in an amount equal to the proceeds attributable to the sale of such fractional interest following the aggregation and sale by Team's transfer agent of all fractional shares otherwise issuable.
Team, Inc. (NYSE: TISI)（“TEAM” 或 “公司”）是全球领先的数字化资产绩效保障和优化解决方案提供商，今天宣布更正其先前于2022年12月9日发布的新闻稿 “Team, Inc. 宣布十比十反向股票拆分”，以及随后于2022年12月21日发布的新闻稿 “Team, Inc. 完成十比十的反向股票拆分”。每份新闻稿都错误地指出，每位原本将获得零分股的股东将获得现金代替此类部分股份，其金额根据2022年12月21日纽约证券交易所普通股的收盘价确定。但是，经公司股东于2022年11月8日批准，并根据2022年12月21日向特拉华州国务卿提交的经修订和重述的公司注册证书修正证书，每位原本将获得部分股份的股东将获得代替此类零分股的现金，金额等于通过Team转账汇总和出售此类部分利息所得的收益所有其他可发行部分股份的代理人。
Other than this correction to each press release, there are no other changes to the press releases.
除了对每份新闻稿的更正外，新闻稿没有其他变化。