IPO - TECHPRECISION CORP

Form Type: S-1/A

Filing Date: 2025-01-24

Corporate Action: Ipo

Type: Update

Accession Number: 000110465925005694

Filing Summary: TechPrecision Corporation filed an amended registration statement (S-1/A) to register securities under the Securities Act of 1933. This amendment involves the resale of up to 1,672,183 shares of common stock and associated warrants held by selling securityholders following a private placement and stock purchase agreement. Key points include details about the shares and warrants being offered: 320,000 shares from a terminated agreement with Doerfer Corporation, 666,100 shares from a private placement, and related warrants. The company will not receive proceeds from the sales by the selling securityholders but may obtain proceeds from the exercise of the warrants. The document clarifies that the company's common stock is traded on Nasdaq under the symbol 'TPCS'. As of January 22, 2025, the common stock price was reported at $3.225 per share. Investment risks are discussed, and key operational details are provided including background on the company's operations within defense and aerospace sectors, which comprise over 95% of revenue from the defense sector. The filing aims at ensuring compliance with SEC regulations and facilitating the sale of registered securities.

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