Common Stock, par value $0.0001 per share
- Symbol
- TPCS
- Exchange
- NASDAQ
- Classification
- COMMON
Current Report · Items 1.01, 9.01 · 8-K
TechPrecision Corporation
TPCSNASDAQEQUITYCurrent
Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement As previously disclosed, on August 25, 2021, Ranor, Inc. (“Ranor”), a wholly owned subsidiary of TechPrecision Corporation (the “Company”), along with certain affiliates of the Company (together with Ranor, the “Borrowers”), entered into that certain Amended and Restated Loan Agreement (as amended from time to time, the “Amended and Restated Loa…
Company context
We are a Delaware corporation organized in February 2005 under the name Lounsberry Holdings II, Inc. On February 24, 2006, we acquired all of the issued and outstanding capital stock of our wholly owned subsidiary Ranor, Inc., or “Ranor.” Ranor, together with its predecessors, has been in continuous operation since 1956. On March 6, 2006, following the acquisition of Ranor, we changed our corporate name to TechPrecision Corporation. From February 24, 2006 until our acquisition of Stadco in August 2021, our primary business was the business of Ranor.
Current securities
Recent company filings
- Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Submission of Matters to a Vote of Security HoldersSep 29, 2026
- Entry into a Material Definitive AgreementSep 21, 2026
- DEF 14A filingSep 3, 2026
- 10-Q filingAug 13, 2026
- Results of Operations and Financial ConditionAug 13, 2026
Registered securities in this filing
TECHPRECISION CORPORATION · 8-K · Filed 2026-10-28
Disclosure sections
Item 1.01Item 1.01 - Entry into Material Agreement
Item 1.01 Entry into a Material Definitive Agreement
As previously disclosed, on August 25, 2021,
Ranor, Inc. (“Ranor”), a wholly owned subsidiary of TechPrecision Corporation (the “Company”),
along with certain affiliates of the Company (together with Ranor, the “Borrowers”), entered into that certain Amended
and Restated Loan Agreement (as amended from time to time, the “Amended and Restated Loan Agreement”) with Beacon Bank &
Trust, successor by merger to Berkshire Bank (“Beacon”) under which, among other things, Beacon provides a revolving
line of credit loan to the Borrowers which currently has a maximum principal amount of $4,500,000 (the “Revolver Loan”).
Under the Amended and Restated Loan Agreement and related loan documents, as further amended, the Revolver Loan had a maturity date of
October 16, 2026. On October 22, 2026, Ranor and the other Borrowers entered into a Sixteenth Amendment to Amended and Restated
Loan Agreement and Twelfth Amendment to Second Amended and Restated Promissory Note (the “Amendment”) with Beacon.
The Amendment, which was effective as of October 16,
2026, among other things, extends the maturity date of the Revolver Loan from October 16, 2026 to November 30, 2026.
Other than in respect of the Amended and Restated
Loan Agreement, the promissory notes made thereunder, the related security and guaranty documents and the previously disclosed past borrowing
relationship, there is no material relationship between Ranor, the Company and the other affiliates of the Company party thereto, on the
one hand, and Beacon, on the other hand. The description of the Amendment is qualified in its entirety by reference to the full text of
the Amendment, a copy of which is attached hereto as Exhibit 10.1 and is incorporated by reference herein.