TechPrecision Corporation Secures $10.0M Financing Agreement with Rosenthal Capital Group, Strengthening Capital Structure (Form 8-K)

TechPrecision Corporation Secures $10.0M Financing Agreement with Rosenthal Capital Group, Strengthening Capital Structure

TechPrecision signs $10.0M three-year financing agreement

Line of Credit supports double-digit revenue growth

Underpins historic backlog of $52.7M (as of June 30, 2026)

WESTMINSTER, MA / ACCESS Newswire / November 9, 2026 / TechPrecision Corporation (NASDAQ:TPCS) ("TechPrecision" or "the Company"), a custom manufacturer of precision, large-scale fabrication components and precision, large-scale machined metal structural components, today announces that it has secured a new non-dilutive $10.0 million financing agreement with Rosenthal Capital Group. The three-year agreement was finalized on November 3, 2026.

At the time of closing, the Company utilized the Rosenthal Capital Group financing to pay off and close out its prior credit facility, consisting of two term loans and a Revolving Line of Credit ("RLOC") with Beacon Bank & Trust totaling approximately $5.8 million, leaving $4.2 million in availability.

"We appreciate Rosenthal Capital Group's support for the long-term growth prospects of our commercialization strategy," said Alexander Shen, TechPrecision's Chief Executive Officer. "This financing agreement is a strategic step that strengthens our balance sheet and helps to safeguard shareholder value as we carefully manage our long-term financial plans. The smooth amortization schedule for the loans also provides the Company with ample liquidity, enabling us to invest in key business initiatives. Notably, this added financial flexibility not only promises to deliver value to all of our shareholders, but also reinforces their confidence in the top-line growth strategies of our Ranor and Stadco segments."

The three-year, non-dilutive $10.0 million loan agreement consists of a $3.5 million Term Loan amortized over five years, a $1.5 million Term Loan amortized over three years, and a $5.0 million RLOC. Both the $3.5 million and $1.5 million Term Loans have an interest rate of the JP Morgan Chase Prime rate plus 2.0%. The RLOC has an interest rate of the JP Morgan Chase Prime rate plus 0.75% when backed by accounts receivable, and plus 1.25% when backed by work-in-progress ("WIP") contract assets. The term loans can be prepaid without penalty, subject to an early termination fee.

The agreement contains one financial covenant, which requires the Company to maintain a tangible net worth of $5.5 million or greater. As of June 30, 2026, the Company's tangible net worth was $7.6 million. The Company continues to make steady progress toward achieving double-digit growth rates in both revenue and EBITDA, in line with its established plan to grow its strategic portfolio of clients and projects. Management expects that this financing will alleviate the substantial doubt of continuing as a going concern as previously identified in prior reporting periods.

Because of the demand for staff resources allocated to the closing of this financing, the Company may be unable to file its Quarterly Report on Form 10-Q for the period ended September 30, 2026 within the prescribed time period without unreasonable effort and expense to the Company.

About TechPrecision Corporation

TechPrecision Corporation, through its wholly owned subsidiaries, Ranor, Inc. and Stadco, is a custom manufacturer of precision, large-scale fabrication components and precision, large-scale machined metal structural components, with both ITAR-registered and compliant subsidiaries generating over 95% of their revenue in the U.S. defense sector. Situated on approximately 65 acres with 145,000 square feet of facilities in North Central Massachusetts, ISO 9001:2015-certified Ranor provides a full range of custom solutions-including manufacturing engineering, materials management and traceability, high-precision heavy fabrication, heavy high-precision CNC machining, portable CMM and NonDestructive Testing QC inspection, and final packaging-to produce precision finished welded and machined components up to 100 tons. Operating across an approximately 183,000-square-foot industrial multi-building complex in Los Angeles, California, Stadco (an AS 9100 D, ISO 9001:2015, and NADCAP NonDestructive Testing certificate holder) supplies large mission-critical components and production tooling for high-profile military aircraft, helicopter, and space programs to major defense and aerospace OEMs and prime contractors, leveraging end-to-end custom fabrication, machining, fixed and portable CMM inspection, a large electron beam welding cell, and two NonDestructive Testing work cells. To learn more about the Company, please visit the corporate website at http://www.techprecision.com. Information on the Company's website or any other website does not constitute a part of this press release.