# Corre Opportunities Qualified Master Fund, LP — capital_raise [announced]
Source: SEC API (secapi.ai) · situation sit_f7c254d4403ea2015013 · retrieved 2026-08-14T01:27:11.510Z

## Overview
Team Inc provides miscellaneous repair services.

On August 6, 2026, Corre Opportunities Qualified Master Fund, LP, Corre Horizon Fund, LP, and Corre Horizon II Fund, LP (collectively, the "Corre Holders") sold all their common stock in Team Inc to InspectionTech Holdings LP for aggregate consideration of $56,953,573. The sale consisted of 1,054,719 shares held by Corre Opportunities Qualified Master Fund, LP, 249,942 shares held by Corre Horizon Fund, LP, and 299,665 shares held by Corre Horizon II Fund, LP. Pursuant to the Purchase Agreement, the Corre Holders agreed to standstill restrictions through the earlier of December 31, 2027 or the date InspectionTech Holdings obtains the right to designate additional directors, and agreed to consult with the buyer regarding director nominations and to use reasonable best efforts to obtain the resignation of the Lender Director upon request. On August 6, 2026, the Corre Holders delivered an irrevocable waiver to Team Inc waiving their rights to Board Observers and Board Nomination Rights, other than with respect to the Lender Director.

## Terms
- Counterparty: InspectionTech Holdings LP · Deal value: $57.0M · Consideration: cash

## Key dates
- Announced 2026-08-10 · Expiry 2027-12-31

## Timeline
- 2026-08-10 · SCHEDULE 13D/A (0000899140-26-000796): SCHEDULE 13D/A - Corre Opportunities Qualified Master Fund, LP — *Team Inc provides miscellaneous repair services.* On August 6, 2026, Corre Opportunities Qualified Master Fund, LP, Corre Horizon Fund, LP, and Corre Horizon II Fund, LP (collectively, the "Corre Holders") sold all their common stock in Team Inc to InspectionTech Holdings LP for aggregate consideration of $56,953,573. The sale consisted of 1,054,719 shares held by Corre Opportunities Qualified Master Fund, LP, 249,942 shares held by Corre Horizon Fund, LP, and 299,665 shares held by Corre Horizon II Fund, LP. Pursuant to the Purchase Agreement, the Corre Holders agreed to standstill restrictions through the earlier of December 31, 2027 or the date InspectionTech Holdings obtains the right to designate additional directors, and agreed to consult with the buyer regarding director nominations and to use reasonable best efforts to obtain the resignation of the Lender Director upon request. On August 6, 2026, the Corre Holders delivered an irrevocable waiver to Team Inc waiving their rights to Board Observers and Board Nomination Rights, other than with respect to the Lender Director.
  https://www.sec.gov/Archives/edgar/data/1601971/0000899140-26-000796.txt

## Citations
- 0000899140-26-000796 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000089914026000796