Business
TechPrecision Announces Annual Meeting Date and Advises Regarding Filing of FY25 Q1 and Q2 10-Q Reports and S-1
WESTMINSTER, MA / ACCESSWIRE / October 14, 2024 - Today, TechPrecision Corporation (Nasdaq: TPCS) ("TechPrecision" or "we," "us" or "our") announces the
About this update from Techprecision Corporation
[{"type":"text","content":"WESTMINSTER, MA / ACCESSWIRE / October 14, 2024 - Today, TechPrecision Corporation (Nasdaq: TPCS) (\"TechPrecision\" or \"we,\" \"us\" or \"our\") announces the following.2024 Annual MeetingThe Company will hold its 2024 Annual Meeting of Stockholders on Thursday December 19, 2024, at 10:00 a.m. Eastern. The meeting will be held virtually. The Board of Directors set the meeting date based on time requirements to allow for the mailing and dissemination of its proxy materials following the record date. Based upon SEC requirements for a broker search, the record date has been set by the Board as November 4, 2024, which determines which stockholders are entitled to notice of and to vote at the 2024 Annual Meeting.FY25 Q1 and Q2 filings.We expect to have the FY25 Q1 Form 10-Q by early November. and expect to file the Q2 Form 10-Q shortly thereafter. Based on the above timing, we anticipate filing an amendment to the pending Form S-1 to register the resale of shares of our common stock pursuant to previously disclosed registration rights of certain selling stockholders immediately after the FY25 Q1 Form 10-Q.The delay in filing FY25 Q1 continues to be caused primarily by over-time revenue recognition issues from our STADCO subsidiary. With the appointment of our new CFO Richard D. Roomberg, we continue to work to resolve this. The majority of the issues continue to arise from the STADCO legacy contracts.About TechPrecision CorporationThrough our wholly owned subsidiaries, Ranor, Inc. and STADCO, we manufacture large-scale, metal fabricated and machined precision components and equipment. These products are used predominantly in the defense, aerospace, and precision industrial markets. Our goal is to be an end-to-end service provider to our customers by furnishing customized solutions for completed products requiring custom fabrication and machining, assembly, inspection, and testing. To learn more about us, please visit our website at www.techprecision.com. Information on our website or any other website does not constitute a part of this press release.Safe Harbor StatementThis release contains certain \"forward-looking statements\" relating to the business of TechPrecision and its subsidiary companies. All statements other than statements of current or historical fact contained in this press release, including statements that express...