Teamshares Inc (LOKV) Form 424B3 — Oct 19, 2026
Teamshares Inc. filed Prospectus Supplement No. 3 to its S-1 prospectus, incorporating an 8-K disclosing a $130.0 million senior secured term loan closed October 16, 2026 with Sound Point Agency LLC as agent. The new facility matures in four years, bears interest at one-month Term SOFR (3.00% floor) plus 9.50%, and amortizes quarterly from $6.25M rising to $10.0M per quarter through 2030.
Key figures
- Debt Amount
- 130000000
- Interest Rate
- one-month Term SOFR (3.00% floor) + 9.50% per annum
- Maturity Date
- October 16, 2030 (fourth anniversary of Closing Date)
- Warrant close
- $0.82 (Oct 16, 2026)
- Primary shares
- 16000000
- Secondary shares
- 19663254
- Warrants offered
- 4500000
- Common stock close
- $5.37 (Oct 16, 2026)
- Existing facility rate
- Term SOFR (3.00% floor) + 11.00%, cash interest capped at 16.00%
- Quarterly amortization
- ["$6.25M through Sep 2027","$7.50M through Sep 2028","$8.75M (stated $8,75 million) through Sep 2029","$10.0M through Sep 2030"]
- Warrant exercise price
- $11.50
- Cross default threshold
- $5.0 million
- Existing credit payoff amount
- $152.8 million (including $150.0M principal and $2.8M accrued interest)
AI analysis
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