Company: TISI
Filing Date: 2025-10-09
Form Type: S-3
Source: 0001193125-25-235868
Chunk: 14

Company: TEAM INC
Filing Date: 2025-10-09
Form: S-3
Chunk 14
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 cashless basis, we would not receive payment from the selling securityholders upon any such exercise of the Warrants.

We will bear all expenses incurred in connection with the performance of our obligations under the Registration Rights Agreement (as defined
herein). Pursuant to the Registration Rights Agreement, the selling securityholders shall pay all fees and expenses for their own legal counsel and shall pay any underwriters’ commissions and discounts in connection with this offering.

6

DESCRIPTION OF CAPITAL STOCK

The following description of our capital stock is not intended to be complete, does not describe every aspect of our securities, and is
subject to, and qualified in its entirety by reference to, all the provisions of our amended and restated certificate of incorporation, as amended (the “Charter”), our Certificate of Designation of Series A Preferred Stock, as filed with
the Delaware Secretary of State on February 2, 2022 (the “Series A Certificate of Designation”), our Certificate of Designation of Series B Preferred Stock, as filed with the Delaware Secretary of State on September 11, 2025
(the “Series B Certificate of Designation”), and our amended and restated bylaws (the “Bylaws”). We refer you to the Charter, the Series A Certificate of Designation, the Series B Certificate of Designation, and the Bylaws,
copies of which have been filed as exhibits to the Registration Statement of which this prospectus is a part.

Authorized Capital Stock

As of October 8, 2025, our authorized capital stock consists of 12,500,000 shares, including (i) 12,000,000 shares of common stock and
500,000 shares of preferred stock, $100 par value per share (“preferred stock”).

Common Stock

As of October 8, 2025, there were 4,498,854 shares of common stock outstanding.

Listing

Our common stock is
listed on the NYSE under ticker symbol “TISI.”

Dividends

Holders of shares of common stock are entitled to share equally and ratably in any dividends, subject, if preferred stock is then outstanding,
to any preferential rights of such preferred stock.

Voting

Under the terms of our Charter, each share of common stock entitles the holder of record to one vote at all meetings of stockholders, and the
votes are noncumulative. Except as required by law, holders of common stock vote together as one class.

Liquidation Preference

In the event of our dissolution,