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

Company: TEAM INC
Filing Date: 2025-10-09
Form: S-3
Chunk 25
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 not required to consummate a Delayed Draw more than once per calendar quarter. Undrawn amounts of Delayed Draw Preferred Shares will be subject to an undrawn commitment fee of 1.0% per annum, payable quarterly (and on the date of each draw (in respect of accrued amounts related to the amount so drawn)), by adding such amounts to the Stated Value of the Series B preferred stock. Upon each issuance of 5,000 Delayed Draw Preferred Shares, we will issue to the Stellex Holder an additional 65,491 Tranche A Warrants and an additional 31,393 Tranche B Warrants on substantially similar terms, except that upon each issuance of Delayed Draw Preferred Shares on or after December 10, 2025, any Additional Tranche A Warrants issued shall have an initial exercise price the lesser of (x) $30.00 and (y) 110% of the 30-day volumeweighted average price of the common stock, subject to adjustments. Any Additional Tranche B Warrants issued shall have an initial exercise price of $50.00 per share, subject to adjustments. 13

PLAN OF DISTRIBUTION The selling securityholders may offer and sell shares of our common stock on any stock exchange, market or trading facility on which the shares are traded or in private transactions. Such sales may be made on one or more exchanges or otherwise, at prices and under terms then-prevailing or at prices related to the then-current market price, at fixed prices, at varying prices determined at the time of sale or at negotiated prices. The selling securityholders may use any one or more of the following methods when selling shares pursuant to this prospectus:

| • |     | through agents; |

| • |     | to or through underwriters, brokers or dealers; |

| • |     | ordinary brokerage transactions and transactions in which the broker solicits purchasers; |

| • |     | purchases by a broker-dealer or market maker, as principal, and resale by the broker-dealer for its account; |

| • |     | directly to one or more other purchasers; |

| • |     | an exchange or market distribution in accordance with the rules of the NYSE; |

| • |     | “at the market” offerings, within the meaning of Rule 415(a)(4) of the Securities Act, to or through 
 a market maker or into an existing trading market on an exchange or otherwise;                       |

| • |     | through a block trade in