TMS 424B3: Secondary offering
Teamshares Inc.
Filed with the SEC on · accession 0002048951-26-000022
TMS filed a 424B3 (prospectus (offering)) with the SEC on Sep 23, 2026. Teamshares Inc. filed a prospectus supplement for a primary offering of 16,000,000 shares of common stock and a secondary offering of 19,663,254 shares, along with warrants. The stock moved +3.2% by the first close after the filing.
Summary of the filing
Teamshares Inc. filed a prospectus supplement for a primary offering of 16,000,000 shares of common stock and a secondary offering of 19,663,254 shares, along with warrants. Concurrently, the company entered into a Preferred Stock Purchase Agreement, issuing 225,000 shares of Series A Preferred Stock at $990 per share for aggregate proceeds of $222,750,000.
Key details
How TMS stock reacted
Close before
$8.24
Sep 22, 2026
First close after
+3.16%
$8.50
5 trading days
-6.07%
$7.74
Since filing
-42.17%
$4.76
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Click hereFrequently asked questions
What did TMS file with the SEC on Sep 23, 2026?
TMS filed a 424B3 (Secondary offering). Teamshares Inc. filed a prospectus supplement for a primary offering of 16,000,000 shares of common stock and a secondary offering of 19,663,254 shares, along with warrants. Concurrently, the company entered into a Preferred Stock Purchase Agreement, issuing 225,000 shares of Series A Preferred Stock at $990 per share for aggregate proceeds of $222,750,000.
What does a secondary offering mean for TMS stock?
New shares dilute existing holders and are often sold at a discount to the market price.
How do I read a 424B3?
The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.
Why are SEC filings important?
Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B3 (prospectus (offering)): The final terms of an offering of shares or bonds.
How did TMS stock react to this filing?
TMS closed at $8.24 before the filing and $8.50 on Sep 23, 2026 (+3.16%). Five trading days later: $7.74 (-6.07%).
Other TMS SEC filings
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