Teamshares closes USD 225 million preferred stock private placement led by T. Rowe Price accounts

• Teamshares priced a USD 225 million private placement of Series A perpetual, non-voting, non-convertible preferred stock led by T. Rowe Price.
• Security ranks senior to common stock, junior to indebtedness; proceeds earmarked mainly for acquisitions tied to 2026-2027 growth targets.
• Terms include a 16% cash dividend, stepping down to 14.5% if deleveraging and EBITDA thresholds are met; PIK available at a premium.
• Deal allows up to an additional USD 75 million of the same series to other institutional investors; funded amount net of a 1% OID.
• Preferred is callable at any time, subject to make-whole through year two; holders can require redemption starting in year seven.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Teamshares Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609231615PRIMZONEFULLFEED9832782) on September 23, 2026, and is solely responsible for the information contained therein.