M&A - WYNNEFIELD PARTNERS SMALL CAP VALUE LP I

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Form Type: CORRESP

Filing Date: 2024-11-07

Corporate Action: Acquisition

Type: Update

Accession Number: 000110465924115333

Filing Summary: Wynnefield Partners Small Cap Value, L.P. I filed a response to the SEC comment letter regarding their Proxy Statement for TechPrecision Corporation. The filing updates the Proxy Statement to revise participant identification, citation of sources for facts and figures, directs shareholders to the Commission's website for information about the Company’s nominees, and corrects a potential typo in the dates related to stockholder nominations. Notably, the Proxy Statement notes the Company's acquisition of Votaw Precision Technologies, Inc. for a total purchase price of $110 million as part of its background.

Document Link: View Document

Additional details:

Participant Name: Wynnefield Partners Small Cap Value, L.P. I

Proxy Statement Date: 2024-10-28

Acquisition Target: Votaw Precision Technologies, Inc.

Acquisition Price: $110 million

Closing Payment: $70 million

Seller Financing: $15 million

Earnout: up to $25 million

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