Option chain shows key data for Techprecision's stock options at various strike prices and expiration dates. Traders use this information to analyze potential trades and assess market sentiment for Techprecision.

Techprecision (NASDAQ:TPCS) Stock, Option Chain

Techprecision

Techprecision Corp manufactures metal fabricated and machined precision components and systems. It offers a full range of services required to transform raw materials into precision finished products. The company's products are used in markets including defense, aerospace, nuclear, medical, and precision industries. All of its operations and customers are located in the United States. The company have two wholly owned subsidiaries that are each reportable segments: Ranor and Stadco. Each reportable segment focuses on the manufacture and assembly of specific components.

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Shares of Agenus Inc. (NASDAQ: AGEN) fell sharply during Monday’s session.

Agenus disclosed a 1-for-20 reverse stock split of common stock.

Agenus Inc. (NASDAQ: AGEN) declined 17% to $0.4181 on Monday.

Why Agenus Shares Are Trading Lower By Around 17%? Here Are Other Stocks Moving In Monday&#39;s Mid-Day Session

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Equities

TechPrecision terminated agreement to acquire Votaw Precision Technologies from Doerfer Corp, failed to reach new deal.

Why Industrial Company TechPrecision Shares Are Surging Today

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The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.

Top 3 Industrials Stocks That Could Blast Off In Q1

Techprecision Corp

Techprecision (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPCS#NASDAQ">TPCS</a>) reported quarterly losses of $(0.16) per share. This is a 166.67 percent decrease over losses of $(0.06) per share from the same period last year. The company reported $7.99 million in sales this quarter. This is a 8.34 percent increase over sales of $7.37 million the same period last year.

Earnings

Techprecision Q1 EPS $(0.16) Down From $(0.06) YoY, Sales $7.99M Up From $7.37M YoY

Management

TechPrecision Appoints Richard Roomberg As CFO

Given Until September 16, 2024, To Submit Compliance Plan, With Possible Extension To January 13, 2025; No Immediate Impact On Nasdaq Listing Or Trading

TechPrecision Corporation Receives Nasdaq Notice For Non-Compliance Due To Delayed Filing Of Quarterly Report

Guidance

TechPrecision Sees Prelim Q4 Ranor Net Sales $4.529M; STADCO Net Sales $5.015M; TechPrecision No Revenue

<h3>Gainers</h3>
<ul>
<li>Laser Photonics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LASE#NASDAQ">LASE</a>) shares rose 46.1% to $2.09 during Tuesday's pre-market session. The market value of their outstanding shares is at $17.2 million. </li>
<li>Blade Air Mobility (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLDE#NASDAQ">BLDE</a>) stock increased by 9.14% to $4.16. The company's market cap stands at $313.6 million. </li>
<li>NeoVolta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEOV#NASDAQ">NEOV</a>) shares increased by 8.62% to $2.14. The company's market cap stands at $71.1 million. </li>
<li>Zoomcar Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCAR#NASDAQ">ZCAR</a>) stock increased by 6.32% to $0.46. The company's market cap stands at $29.7 million. </li>
<li>Techprecision (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPCS#NASDAQ">TPCS</a>) stock moved upwards by 6.25% to $5.44. The company's market cap stands at $47.7 million. </li>
<li>Nuvve Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVVE#NASDAQ">NVVE</a>) shares rose 6.04% to $0.76. The market value of their outstanding shares is at $4.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Caravelle Intl Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CACO#NASDAQ">CACO</a>) stock fell 12.3% to $0.68 during Tuesday's pre-market session. The market value of their outstanding shares is at $36.0 million. </li>
<li>Globavend Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GVH#NASDAQ">GVH</a>) stock decreased by 8.65% to $1.48. The company's market cap stands at $22.2 million. </li>
<li>Quhuo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QH#NASDAQ">QH</a>) shares decreased by 8.14% to $0.58. The market value of their outstanding shares is at $3.5 million. As per the press release, FY earnings came out 4 days ago. </li>
<li>Tritium DCFC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DCFC#NASDAQ">DCFC</a>) stock fell 5.58% to $6.6. The company's market cap stands at $7.0 million. </li>
<li>Erayak Power Solution Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RAYA#NASDAQ">RAYA</a>) shares decreased by 5.37% to $0.61. The company's market cap stands at $9.1 million. </li>
<li>Mesa Air Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MESA#NASDAQ">MESA</a>) stock declined by 5.0% to $0.84. The market value of their outstanding shares is at $34.1 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Tuesday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Nauticus Robotics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KITT#NASDAQ">KITT</a>) shares increased by 26.6% to $0.33 during Monday's after-market session. The company's market cap stands at $16.5 million. </li>
<li>Shengfeng Development (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFWL#NASDAQ">SFWL</a>) stock moved upwards by 6.53% to $1.63. The market value of their outstanding shares is at $134.4 million. </li>
<li>Shoals Technologies Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHLS#NASDAQ">SHLS</a>) stock rose 3.6% to $10.64. The market value of their outstanding shares is at $1.8 billion. </li>
<li>CBAK Energy Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBAT#NASDAQ">CBAT</a>) shares increased by 3.44% to $0.88. The company's market cap stands at $79.0 million. </li>
<li>Velo3D (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLD#NYSE">VLD</a>) shares rose 3.22% to $0.46. The market value of their outstanding shares is at $120.0 million. </li>
<li>Microvast Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MVST#NASDAQ">MVST</a>) stock rose 3.18% to $0.52. The company's market cap stands at $164.7 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Caravelle Intl Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CACO#NASDAQ">CACO</a>) shares declined by 10.0% to $0.72 during Monday's after-market session. The company's market cap stands at $38.0 million. </li>
<li>Smart Powerr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CREG#NASDAQ">CREG</a>) stock declined by 5.11% to $1.3. The market value of their outstanding shares is at $10.3 million. </li>
<li>Techprecision (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPCS#NASDAQ">TPCS</a>) stock fell 4.3% to $4.9. The market value of their outstanding shares is at $43.0 million. </li>
<li>Exela Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XELA#NASDAQ">XELA</a>) stock fell 4.27% to $2.47. The market value of their outstanding shares is at $15.7 million. As per the press release, Q4 earnings came out 3 days ago. </li>
<li>FTAI Infrastructure (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIP#NASDAQ">FIP</a>) shares decreased by 3.92% to $6.14. The market value of their outstanding shares is at $624.4 million. </li>
<li>SOS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOS#NYSE">SOS</a>) stock fell 3.82% to $1.26. The market value of their outstanding shares is at $22.0 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Monday's After-Market Session

Shares of Agenus Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/agen#NASDAQ">AGEN</a>) fell sharply during Monday&rsquo;s session.
Agenus disclosed a 1-for-20 reverse stock split of common stock.
Agenus Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/agen#NASDAQ">AGEN</a>) declined 17% to $0.4181 on Monday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Auddia Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/auud#NASDAQ">AUUD</a>) shares jumped 231.7% to $4.72 after the company announced the USPTO awarded it with U.S. Patent 11,935,520 for the core AI technology the company uses in its flagship faidr app to deliver ad-free AM/FM radio stations to paid subscribers.</li>
<li>Longeveron Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lgvn#NASDAQ">LGVN</a>) shares climbed 93.2% to $4.2499 after the company submitted paperwork for a share offering.</li>
<li>UTime Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wto#NASDAQ">WTO</a>) gained 56.8% to $0.29 after the company completed a private placement.</li>
<li>U Power Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ucar#NASDAQ">UCAR</a>) climbed 48% to $6.96 after the company announced announced that its battery-swapping and sharing model for two-wheeled and light four-wheeled electric vehicles is poised for a formal commercial rollout in Wuhu, Anhui Province, China.</li>
<li>Arrowroot Acquisition Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/arrw#NASDAQ">ARRW</a>) rose 38.2% to $19.53.</li>
<li>Destiny Tech100 Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dxyz#NASDAQ">DXYZ</a>) jumped 33.8% to $79.30 after jumping around 77% on Friday.</li>
<li>TechPrecision Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tpcs#NASDAQ">TPCS</a>) rose 29.8% to $4.2837 after the company announced the termination of the agreement to acquire Votaw Precision Technologies.</li>
<li>Adlai Nortye Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/anl#NASDAQ">ANL</a>) gained 27.9% to $10.68.</li>
<li>Connexa Sports Technologies Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cnxa#NASDAQ">CNXA</a>) surged 26.8% to $0.3801.</li>
<li>AXT, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/axti#NASDAQ">AXTI</a>) rose 25.7% to $3.9089. AXT said it sees preliminary revenue of $22.4 million to $22.7 million for the first quarter.</li>
<li>Titan Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ttnp#NASDAQ">TTNP</a>) climbed 24.4% to $8.70.</li>
<li>Apartment Income REIT Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/airc#NYSE">AIRC</a>) gained 22.6% to $38.47. Blackstone Real Estate will take AIR Communities private for approximately $10 billion.</li>
<li>GD Culture Group Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gdc#NASDAQ">GDC</a>) rose 22% to $1.1195.</li>
<li>Outset Medical, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/om#NASDAQ">OM</a>) gained 19.4% to $2.4492. BTIG analyst Maria Thibault initiated coverage on Outset Medical with a Buy rating and announced a price target of $6.</li>
<li>Dogness (International) Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dogz#NASDAQ">DOGZ</a>) gained 18.2% to $9.53.</li>
<li>Galmed Pharmaceuticals Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/glmd#NASDAQ">GLMD</a>) rose 17.6% to $0.3999. Last week, Galmed Pharmaceuticals filed annual report on Form 20-F for the fiscal year ended Dec. 31, 2023.</li>
<li>Ducommun Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dco#NYSE">DCO</a>) surged 17.5% to $57.11 after the company confirmed that its Board of Directors received an unsolicited non-binding indication of interest from Albion River LLC.</li>
<li>Mesoblast Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meso#NASDAQ">MESO</a>) rose 13.8% to $6.60.</li>
<li>Perpetua Resources Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ppta#NASDAQ">PPTA</a>) climbed 13.5% to $5.40 after the company announced it received indication for up to $1.8 billion in financing from the Export-Import Bank of the United States for the Stibnite Gold Project.</li>
<li>AltC Acquisition Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alcc#NASDAQ">ALCC</a>) gained 13.1% to $14.82. Oklo signed a LOI to supply 50 megawatts of power to Diamondback Energy.</li>
<li>WW International, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ww#NASDAQ">WW</a>) rose 12.7% to $1.8697.</li>
<li>MicroStrategy Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mstr#NASDAQ">MSTR</a>) gained 10.9% to $1,595.72 amid a rise in Bitcoin.</li>
<li>Model N, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/modn#NYSE">MODN</a>) rose 10.7% to $30.00 after the company announced it will be acquired by Vista Equity Partners for $1.25 billion.</li>
<li>A-Mark Precious Metals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amrk#NASDAQ">AMRK</a>) gained 10.3% to $36.10.</li>
<li>Coinbase Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/coin#NASDAQ">COIN</a>) surged 8.1% to $260.41 amid a rise in the price of Bitcoin.</li>
<li>BYND Cannasoft Enterprises Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bcan#NASDAQ">BCAN</a>) gained 8% to $1.1119.</li>
<li>Antelope Enterprise Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aehl#NASDAQ">AEHL</a>) shares rose 7.4% to $1.60 after declining 5% on Friday. On April 1, Antelope Enterprise announced preliminary full year 2023 revenue of $70.4 million.</li>
<li>Fastly, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fsly#NASDAQ">FSLY</a>) gained 5.9% to $13.27. Piper Sandler analyst James Fish upgraded Fastly from Neutral to Overweight and lowered the price target from $19 to $16.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>22nd Century Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/xxii#NASDAQ">XXII</a>) fell 45.4% to $1.95. 22nd Century Group shares jumped over 140% on Friday after the company signed a new contract manufacturing agreement for the production of branded conventional cigarette products.</li>
<li>Perion Network Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/peri#NASDAQ">PERI</a>) dipped 36% to $13.51 after the company slashed FY24 revenue guidance.</li>
<li>MediaCo Holding Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mdia#NASDAQ">MDIA</a>) fell 29.1% to $2.75. Shares of MediaCo Holding jumped 177% on Friday after a 13D amended filing showed Standard General L.P. reported a 95.2% stake in the company as of April 1, 2024.</li>
<li>SuperCom Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/spcb#NASDAQ">SPCB</a>) fell 24.3% to $0.2175.</li>
<li>Selina Hospitality PLC (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/slna#NASDAQ">SLNA</a>) fell 23.7% to $0.0420.</li>
<li>DatChat, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dats#NASDAQ">DATS</a>) fell 20.5% to $1.16.</li>
<li>HUB Cyber Security Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hubc#NASDAQ">HUBC</a>) dipped 18% to $1.26. HUB Cyber Security recently announced $8 million in financing via a straight debt arrangement.</li>
<li>Agenus Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/agen#NASDAQ">AGEN</a>) declined 17% to $0.4181. Agenus disclosed a 1-for-20 reverse stock split of common stock.</li>
<li>TRACON Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tcon#NASDAQ">TCON</a>) fell 16.2% to $0.2139.</li>
<li>Conifer Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cnfr#NASDAQ">CNFR</a>) dipped 15.9% to $0.8995. Cullen/Frost Bankers is scheduled to host a conference call on Thursday, April 25, 2024 to discuss first quarter 2024 earnings.</li>
<li>HWH International Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hwh#NASDAQ">HWH</a>) fell 15.6% to $1.3408.</li>
<li>Murano Global Investments Plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mrno#NASDAQ">MRNO</a>) fell 11.8% to $9.79.</li>
<li>Globavend Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gvh#NASDAQ">GVH</a>) shares fell 11.2% to $1.4567 after jumping 57% on Friday.</li>
<li>CCSC Technology International Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cctg#NASDAQ">CCTG</a>) shares fell 11.2% to $3.00 after surging around 28% on Friday.</li>
<li>Reliance Global Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/reli#NASDAQ">RELI</a>) fell 10.8% to $0.4327. Reliance Global, last week, reported FY23 earnings.</li>
<li>ZOOZ Power Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zooz#NASDAQ">ZOOZ</a>) fell 9.5% to $3.6675.</li>
<li>Douglas Dynamics, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/plow#NYSE">PLOW</a>) fell 8.2% to $22.03. Baird analyst Timothy Wojs downgraded Douglas Dynamics from Outperform to Neutral and lowered the price target from $36 to $25.</li>
<li>Trump Media &amp; Technology Group Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/djt#NYSE">DJT</a>) fell 7.4% to $37.60.</li>
<li>Paramount Global (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/para#NASDAQ">PARA</a>) fell 7.1% to $11.12.</li>
<li>Dell Technologies Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dell#NYSE">DELL</a>) fell 4.1% to $127.22.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/24/04/38141299/this-analyst-with-86-accuracy-rate-sees-more-than-16-upside-in-intel-here-are-5-stock-picks-for-last"> This Analyst With 86% Accuracy Rate Sees More Than 16% Upside In Intel - Here Are 5 Stock Picks For Last Week From Wall Street&#39;s Most Accurate Analysts</a>

Why Agenus Shares Are Trading Lower By Around 17%? Here Are Other Stocks Moving In Monday's Mid-Day Session

<h3>Gainers</h3>
<ul>
<li>JVSPAC Acquisition Corp. - Right (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JVSAR#NASDAQ">JVSAR</a>) stock rose 34.6% to $0.35 during Monday's regular session. </li>
<li>Techprecision (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPCS#NASDAQ">TPCS</a>) shares increased by 31.43% to $4.39. The company's market cap stands at $38.5 million. </li>
<li>AERWINS Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AWIN#NASDAQ">AWIN</a>) stock increased by 16.69% to $6.01. The market value of their outstanding shares is at $4.3 million. </li>
<li>Ducommun (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DCO#NYSE">DCO</a>) shares moved upwards by 14.37% to $55.56. The market value of their outstanding shares is at $813.4 million. </li>
<li>Solidion Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STI#NASDAQ">STI</a>) shares increased by 13.43% to $3.8. The market value of their outstanding shares is at $311.0 million. </li>
<li>JE Cleantech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JCSE#NASDAQ">JCSE</a>) stock moved upwards by 13.04% to $0.78. The company's market cap stands at $3.9 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Vast Renewables (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSTE#NASDAQ">VSTE</a>) shares fell 17.2% to $6.01 during Monday's regular session. The market value of their outstanding shares is at $180.1 million. </li>
<li>Vertical Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVTL#NYSE">EVTL</a>) stock fell 12.18% to $1.01. The market value of their outstanding shares is at $223.4 million. </li>
<li>Energy Vault Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRGV#NYSE">NRGV</a>) stock decreased by 11.57% to $1.53. The market value of their outstanding shares is at $225.0 million. </li>
<li>Shengfeng Development (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFWL#NASDAQ">SFWL</a>) shares decreased by 11.4% to $1.71. The company's market cap stands at $141.0 million. </li>
<li>Erayak Power Solution Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RAYA#NASDAQ">RAYA</a>) shares fell 9.47% to $0.64. The company's market cap stands at $9.6 million. </li>
<li>FGI Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FGI#NASDAQ">FGI</a>) shares decreased by 8.92% to $1.43. The company's market cap stands at $13.6 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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VSTE

12 Industrials Stocks Moving In Monday's Intraday Session

TechPrecision Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPCS#NASDAQ">TPCS</a>) shares are trading higher after the company announced the termination of the agreement to&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/ac38141077/techprecision-announces-termination-of-agreement-to-acquire-votaw-precision-technologies" rel="noreferrer noopener">acquire&nbsp;Votaw Precision Technologies</a>.
In particular, the company disclosed the termination of the Stock Purchase Agreement (SPA) between TechPrecision and Doerfer Corporation to acquire Votaw.
On April 2, 2024, Doerfer simultaneously notified that it was terminating the SPA effective immediately and, by a separate term sheet, offered to reinstate the SPA and extend the outside closing date in exchange for material concessions from the company.&nbsp;
After several days of negotiating the proposed reinstatement and extension terms, the company and Doerfer failed to reach an agreement, and the SPA remains terminated.
According to Section 7.02(a) (Termination Fee), Doerfer expects the company to issue 320,000 shares of TechPrecision to Doerfer and is reviewing the situation.
As part of the now terminated acquisition financing, the companies are engaged in confidential discussions with potential investors under Non-Disclosure Agreements (NDAs), under which we agreed, limited to the extent necessary, to publicly disclose certain information, including material non-public information.&nbsp;
On November 22, 2023,&nbsp;&nbsp;TechPrecision announced that it has entered into a definitive SPA to purchase all of the outstanding shares of Votaw for&nbsp;<a target="_blank" href="https://www.benzinga.com//node/36011638" rel="noreferrer noopener">$85 million on a cash and debt-free basis</a>.
Price Action: TPCS shares are up 24.84% at $4.12 on the last check Monday.

WIIM

TechPrecision shares are trading higher after the company announced the termination of the agreement to acquire Votaw Precision Technologies.

Discloses Cleansing Information Provided in Connection with Abandoned Votaw Acquisition Financing
WESTMINSTER, MA / ACCESSWIRE / April 8, 2024 / TechPrecision Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPCS#NASDAQ">TPCS</a>) ("TechPrecision" or the "Company," "we," "us" or "our") today announced the termination of the Stock Purchase Agreement ("SPA") dated November 22, 2023, between TechPrecision and Doerfer Corporation ("Doerfer") to acquire Votaw Precision Technologies, Inc. ("Votaw").
Termination of SPA
On Tuesday April 2, 2024, Doerfer simultaneously notified us that it was terminating the SPA effective immediately and by separate term sheet offered to reinstate the SPA and extend the outside closing date in exchange for material concessions from the Company. After several days of negotiating the terms of the proposed reinstatement and extension, the Company and Doerfer failed to reach agreement and the SPA remains terminated.
Pursuant to Section 7.02(a) ("Termination Fee"), Doerfer is expecting the Company to issue 320,000 shares of TechPrecision to Doerfer. The Company is presently reviewing the situation.

Contracts

TechPrecision Announces Termination Of Agreement To Acquire Votaw Precision Technologies

TechPrecision Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPCS#NASDAQ">TPCS</a>) ("TechPrecision" or "we," "us" or "our") today announced that on February 26, 2024, TechPrecision Corporation (the "Company") received a notice (the "Notice") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) because it had not timely filed its Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2023 (the "Q3 Form 10-Q") with the Securities and Exchange Commission (the "SEC") on or before February 20, 2024, the extended period provided for the filing under Rule 12b-25(b) of the Securities Exchange Act of 1934, as amended. The Notice indicated that the Company has 60 calendar days, or until April 26, 2024, to submit a plan to regain compliance and that Nasdaq can grant an exception of up to 180 calendar days from the Q3 Form 10-Q due date, or until August 12, 2024, to regain compliance.
Since receiving the Notice, the Company has filed its Q3 Form 10-Q with the SEC and expects that Nasdaq will accept this filing as curing the Company's deficiency.

TechPrecision Announces Receipt Of Nasdaq Listing Determination; Expects Deficiency To Be Cured With Filing Of Q3 Form 10-Q Today

Techprecision (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPCS#NASDAQ">TPCS</a>) reported quarterly losses of $(0.10) per share. This is a 1100 percent decrease over earnings of $0.01 per share from the same period last year. The company reported $7.65 million in sales this quarter. This is a 8.14 percent decrease over sales of $8.33 million the same period last year.

Techprecision Q3 EPS $(0.10) Down From $0.01 YoY, Sales $7.65M Down From $8.33M YoY

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Earnings Scheduled For February 29, 2024

<h3>Gainers</h3>
<ul>
<li>Sentage Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNTG#NASDAQ">SNTG</a>) shares rose 94.4% to $4.14 during Tuesday's pre-market session. The company's market cap stands at $11.6 million. </li>
<li>Laser Photonics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LASE#NASDAQ">LASE</a>) stock rose 21.73% to $1.24. The market value of their outstanding shares is at $10.2 million. </li>
<li>Techprecision (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPCS#NASDAQ">TPCS</a>) stock moved upwards by 10.98% to $4.95. The market value of their outstanding shares is at $43.3 million. </li>
<li>WANG &amp; LEE Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WLGS#NASDAQ">WLGS</a>) shares rose 10.16% to $0.65. The market value of their outstanding shares is at $9.8 million. </li>
<li>Marti Techs (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MRT#AMEX">MRT</a>) shares rose 7.7% to $0.68. The market value of their outstanding shares is at $32.8 million. </li>
<li>AERWINS Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AWIN#NASDAQ">AWIN</a>) stock moved upwards by 7.69% to $0.14. The company's market cap stands at $8.7 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>MSC Industrial Direct Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSM#NYSE">MSM</a>) stock fell 6.9% to $89.0 during Tuesday's pre-market session. The market value of their outstanding shares is at $5.0 billion. As per the press release, Q1 earnings came out today. </li>
<li>C3is (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CISS#NASDAQ">CISS</a>) stock fell 5.34% to $0.55. The market value of their outstanding shares is at $4.8 million. </li>
<li>iPower (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPW#NASDAQ">IPW</a>) shares declined by 5.14% to $0.61. The company's market cap stands at $18.2 million. </li>
<li>Volato Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SOAR#AMEX">SOAR</a>) shares declined by 5.01% to $3.51. The company's market cap stands at $98.4 million. </li>
<li>KULR Tech Gr (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/KULR#AMEX">KULR</a>) shares fell 4.71% to $0.19. The company's market cap stands at $25.2 million. </li>
<li>JetBlue Airways (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) stock fell 4.52% to $5.5. The company's market cap stands at $1.8 billion. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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<h3>Gainers</h3>
<ul>
<li>Swvl Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWVL#NASDAQ">SWVL</a>) stock moved upwards by 20.3% to $3.62 during Monday's regular session. The company's market cap stands at $24.5 million. </li>
<li>Sidus Space (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIDU#NASDAQ">SIDU</a>) stock increased by 16.81% to $15.23. The market value of their outstanding shares is at $14.9 million. </li>
<li>Sunworks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SUNW#NASDAQ">SUNW</a>) shares increased by 16.66% to $0.23. The company's market cap stands at $13.1 million. </li>
<li>Recruiter.Com Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCRT#NASDAQ">RCRT</a>) stock increased by 12.98% to $1.74. The market value of their outstanding shares is at $2.4 million. </li>
<li>Applied UV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUVIP#NASDAQ">AUVIP</a>) shares rose 12.83% to $2.55. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Techprecision (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPCS#NASDAQ">TPCS</a>) stock decreased by 16.4% to $4.37 during Monday's regular session. The market value of their outstanding shares is at $38.2 million. </li>
<li>Erayak Power Solution Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RAYA#NASDAQ">RAYA</a>) shares decreased by 13.67% to $0.91. The market value of their outstanding shares is at $10.8 million. </li>
<li>Terran Orbital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLAP#NYSE">LLAP</a>) shares fell 13.09% to $0.99. The market value of their outstanding shares is at $192.6 million. </li>
<li>Nauticus Robotics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KITT#NASDAQ">KITT</a>) shares decreased by 10.17% to $0.44. The company's market cap stands at $22.0 million. </li>
<li>WANG &amp; LEE Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WLGS#NASDAQ">WLGS</a>) stock fell 9.36% to $0.59. The market value of their outstanding shares is at $8.9 million. </li>
<li>ZIM Integrated Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>) shares decreased by 9.25% to $13.24. The company's market cap stands at $1.5 billion. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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11 Industrials Stocks Moving In Monday's Intraday Session

Today, TechPrecision Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPCS#NASDAQ">TPCS</a>) ("TechPrecision" or "we," "us" or "our") announced the expiration of the 45-day diligence period during which it could have terminated its previously disclosed Stock Purchase Agreement related to the acquisition of Votaw Precision Technologies, Inc. ("Votaw"). Accordingly, we are now committed to closing the Votaw acquisition and are taking this opportunity to expand upon our prior comments while being very aware, and making sure that our shareholders know, that at this point in the process we continue to be limited by the securities laws as to what topics we can discuss.
Even prior to completing the acquisition of STADCO in August 2021, it was our intent to relocate STADCO, whether by finding a new location or acquiring a compatible company. We started actively looking in August of 2022, speaking with many companies in the area, and we continued to actively do so until September of 2023 when we signed a Letter of Intent with Votaw, which was our first choice. We believe Votaw is a powerful strategic choice for us, will fit very well with STADCO, and will raise our revenue to a level more consistent with that typically expected of a public company thereby lessening the effects that public company costs have on lower-revenue companies.
The Board is unanimous in support of the acquisition and has a significant personal financial interest in its success as the Board beneficially owns an aggregate of over 15% of the outstanding stock in TechPrecision, as disclosed in TechPrecision's August 3, 2023 Proxy Statement.
For those shareholders who are unaware, the securities laws can be very limiting as to what can be publicly stated about future financing activities. Additionally, until the availability of more fulsome financial data from Votaw's most recently completed fiscal year on October 31, 2023, we are unable to provide more information about Votaw's financial condition and results of operations. We intend and expect to be able to provide additional information to the market and our shareholders very soon.
In the meantime, now that we are committed to proceeding to closing, we are providing some additional information as set forth below.
Expected Benefits of Votaw Acquisition
We believe that value of the transaction can be summed up in seven words:
<ul>
<li>Synergy and Growth</li>
<li>Overhead Savings</li>
<li>CAPEX Savings.</li>
</ul>
SYNERGY and GROWTH. A quick review of Votaw's website and the information we previously provided shows that while Votaw performs work similar to our STADCO subsidiary, it operates in a significantly different but adjacent field. The overlap of STADCO and Votaw customers and applications is minimal.
Votaw is a leading supplier of highly engineered space, defense and aerospace mission critical components, structures and hardware. STADCO is a key supplier on various essential and high priority programs supporting flight critical components for the defense, aerospace and naval sectors that have a strong program of record with the U.S. Government with an emphasis on U.S. military helicopters, jet fighters and weapons system components that are vital to the U.S. warfighter. Demand is expected to increase for the product provided by both companies as launch and production rates ramp up on several programs.
Votaw and STADCO each have distinguished industry reputations, combining for 140+ years of continuous operations. They both have significant key capabilities with high-precision close-tolerance machining and welding &amp; fabrication processes. We anticipate that combining these elements will provide further benefits in capacity and capability against a limited universe of competitors, which is one major key to continued long term growth. By redeploying STADCO into the Votaw campus, we expect to expand the breadth and depth of our customized solutions set provided to our key customers. This combination of human and equipment resources, which are not available to these entities acting separately, will enable additive synergies and capabilities, and enhance our ability to focus on higher-margin work.
OVERHEAD SAVINGS. Our immediate plan is to start moving STADCO's operations into the Votaw facility towards the end of 2024, continuing into 2025, with the expectation of formally merging these two entities. This consolidation is one of the major expected savings we referred to in our prior release. In 2023, the aggregate cost of the STADCO plant was approximately $1.3M in rent and other related expenses. Additional cost savings, such as from insurance, taxes and consolidating positions, are projected to be about $1.2M - $1.5M, once fully implemented. This projects out to almost $3M in annual overhead cost savings once the consolidation to one location is completed.
CAPEX SAVINGS. Our shareholders are well aware of the deferred maintenance problems at STADCO. In contrast, Votaw brings strong equipment capability with a robust maintenance history. In addition, STADCO has unique custom critical equipment and Votaw has available space and options to accommodate these critical equipment moves from STADCO. This specific combination provides ready existing equipment and avoids CAPEX and facility buildout expenses that would have been needed without this combination. While always difficult to ascertain as the situation and requirements evolve, we project the CAPEX savings over the next five years will be in excess of $10M.
Closing of Votaw Acquisition
ACQUISITION FINANCING. We will be seeking both debt and equity financing, with the relative amounts of each to be subject to market conditions. Our talks with financing sources are ongoing and fluid and any capital-raising will be done in accordance with the rules of the Nasdaq Stock Market and the SEC.
VOTAW FINANCIALS. Until the availability of more fulsome financial data from Votaw's most recently completed fiscal year on October 31, 2023, we are unable to provide more information about Votaw's financial condition and results of operations.
We expect that once the entire picture is out, you will see that this is a solid acquisition which will enhance shareholder value.

Buybacks

TechPrecision Provides Update On Status Of Votaw Acquisition; Announces Expiration Of 45-Day Diligence Period During Which It Could Have Terminated Its Previously Disclosed Stock Purchase Agreement Related To The Acquisition

The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi"> RSI is below 30</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.
Here&rsquo;s the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3>Shengfeng Development Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sfwl#NASDAQ">SFWL</a>)</h3>
<ul>
<li>The company&rsquo;s stock fell around 80% over the past month and has a <a href="https://www.benzinga.com/quote/SFWL">52-week low of $2.24 </a>.</li>
<li>RSI Value: 24.39</li>
<li>SFWL Price Action: Shares of Shengfeng Development fell 9.5% to close at $2.66 on Tuesday.</li>
</ul>
<h3>Volato Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/soar#NYSE">SOAR</a>)</h3>
<ul>
<li>On Dec. 27, Volato said it has expanded its fleet by 50% to a total of 24 HondaJet aircraft as of Dec, 2023. &quot;Volato&#39;s measured and thoughtful approach to fleet expansion is critical to achieving our long-term plan for sustainable growth,&quot; said Matt Liotta, Co-Founder and CEO of Volato. &quot;We have been creative and judicious in acquiring HondaJets through the open market while continuing to receive new aircraft from our HondaJet factory order. The recent deliveries allow us to expand our capacity at a pivotal time in Volato&#39;s growth and increase our capacity to support our growing customer base.&quot; The company&rsquo;s stock fell around 55% over the past month. It <a href="https://www.benzinga.com/quote/SOAR"> has a 52-week low </a> of $3.38.</li>
<li>RSI Value: 28.66</li>
<li>SOAR Price Action: Shares of Volato Group gained 4.6% to close at $3.95 on Tuesday.</li>
</ul>
<h3>TechPrecision Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tpcs#NASDAQ">TPCS</a>)</h3>
<ul>
<li>On Nov. 29, Techprecision signed a definitive agreement to acquire Votaw Precision Technologies for a purchase price of $85 million on a cash and debt free basis. Alexander Shen, TechPrecision&#39;s Chief Executive Officer said, &quot;On a consolidated basis, the Votaw acquisition will immediately more than double the Company&#39;s revenue and EBITDA, and will strategically increase TechPrecision&#39;s already established defense and aerospace presence.&quot; The company&rsquo;s stock fell around 13% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/TPCS"> low of $1.88.</a></li>
<li>RSI Value: 29.26</li>
<li>TPCS Price Action: Shares of TechPrecision gained 2.8% to close at $5.30 on Tuesday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/24/01/36464016/investor-sentiment-edges-lower-nasdaq-records-worst-session-since-october"> Investor Sentiment Edges Lower; Nasdaq Records Worst Session Since October </a>

Wynnefield Capital and its affiliates, collectively the largest institutional stockholder of TechPrecision Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPCS#NASDAQ">TPCS</a>), with a 4.5% beneficial ownership interest, today issued the following public letter to the Company's Board of Directors.
&#x2A;&#x2A;&#x2A;
Wynnefield Capital: Demands TechPrecision Hold Public Conference Call to Explain Proposed Acquisition of Votaw Precision Technologies to Stockholders.
Dear Board of Directors,
Wynnefield Capital and its affiliates (collectively, "Wynnefield") own 393,857 shares of common stock, or 4.5%, of TechPrecision Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPCS#NASDAQ">TPCS</a>) ("TechPrecision" or the "Company") as of September 30, 2023. Wynnefield is TechPrecision's largest institutional stockholder, according to Bloomberg.
On Friday, December 1, 2023, Wynnefield's counsel called TechPrecision's outside counsel to express our dismay at TechPrecision's announcement of a definitive agreement to purchase Votaw Precision Technologies, Inc. ("Votaw") without holding a public conference call to explain its rationale for the proposed acquisition or how it would finance this huge acquisition of a company more than twice the size of TechPrecision. This announcement accelerated TPCS's recent share price decline to below $6.00, resulting in an end-of-day 52-week low of $6.06 per-share and a year-to-date decline of 26.8% as of November 30, 2023. Wynnefield has allowed multiple days for TechPrecision to announce a public conference call, but the TechPrecision Board of Directors has remained silent.
The reported Votaw purchase price of $85 million is on a cash and debt free basis, plus an additional $25 million as an earnout payment, resulting in a potential total purchase price of $110 million, excluding significant transaction costs and other unknown quantities. In comparison, TechPrecision's market capitalization totals approximately $53 million. The Company has just $0.1 million in cash and $12.5 million in long-term debt and long-term lease liabilities as of September 30, 2023.
Wynnefield, like other stockholders, is concerned about how the Board of Directors and management intend to pay for this transaction in a challenging capital-raising marketplace. We fear significant dilution of existing stockholders and an unsupportable increase in the Company's debt leverage.
We seek to understand better for ALL stockholders the following:
<ul>
<li>EXPLAIN the strategic direction and reasoning behind this transaction.</li>
<li>DETAIL claimed synergies amounting to "annual savings of several million dollars in overhead and millions of dollars in CAPEX over the coming years".</li>
<li>DISCUSS current financing details for this transaction.</li>
<li>COMMIT to allow existing TechPrecision stockholders to vote on the Votaw acquisition.</li>
</ul>
Stockholders know TechPrecision's last acquisition, STADCO, is still not fully integrated after more than two years and remains a failed turnaround. This precedent suggests poor execution and judgement.
We consider our public conference call request to be "Stockholder Investor Relations -101" and good corporate governance. This unusual dereliction of duty may further build upon stockholder frustration regarding the Company's lack of transparency that culminated in significant withheld votes and broker non-votes votes AGAINST current non-employee directors at the Company's 2023 Annual Meeting of Stockholders held on September 12, 2023. The Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on September 13, 2023, clearly discloses voting results illustrating an unfavored Board of Directors:
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">Board nominee</td>
<td colspan="1" rowspan="1">For</td>
<td colspan="1" rowspan="1">Withheld</td>
<td colspan="1" rowspan="1">Broker Non-Votes</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Robert A. Crisafulli</td>
<td colspan="1" rowspan="1">1,711,823</td>
<td colspan="1" rowspan="1">1,318,177</td>
<td colspan="1" rowspan="1">3,199,123</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Andrew A. Levy</td>
<td colspan="1" rowspan="1">1,766,035</td>
<td colspan="1" rowspan="1">1,263,965</td>
<td colspan="1" rowspan="1">3,199,123</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Richard S. McGowan</td>
<td colspan="1" rowspan="1">1,736,491</td>
<td colspan="1" rowspan="1">1,293,509</td>
<td colspan="1" rowspan="1">3,199,123</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Walter M. Schenker</td>
<td colspan="1" rowspan="1">1,721,243</td>
<td colspan="1" rowspan="1">1,308,757</td>
<td colspan="1" rowspan="1">3,199,123</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Alexander Shen</td>
<td colspan="1" rowspan="1">2,738,298</td>
<td colspan="1" rowspan="1">291,702</td>
<td colspan="1" rowspan="1">3,199,123</td>
</tr>
</tbody>
</table>
</figure>
The unfavorable vote against the Board of Directors undoubtedly reflects the Company's stockholders' belief that STADCO's underperformance was never fully explained.
On Wednesday, November 29, 2023, Robert D. Straus, Portfolio Manager at Wynnefield, left a voicemail for Alex Shen, CEO of TechPrecision. A returned call was not received.
Wynnefield is asking for the Company's Board of Directors and management to greatly enhance the transparency of this proposed acquisition and the Company's operations in general so that TechPrecision's stockholders – the OWNERS – are allowed to understand this transaction and its effect on the Company's capital structure. Curious minds want to know why the Board of Directors and management would want to alienate their stockholder base through their insulting behavior at a point in time when they likely need the support of its stockholders to consummate its proposed acquisition of Votaw.
Beyond simply requesting a public conference call, Wynnefield offers deep expertise on strategic and operations messaging as well as governance matters.
Respectfully yours,
Nelson J. Obus, Founder&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Robert D. Straus, Portfolio Manager&nbsp;

Wynnefield Capital Compelled To Send Open Letter To TechPrecision Board; Demands Techprecision Hold Public Conference Call To Explain Proposed Acquisition Of Votaw Precision Technologies To Stockholders

TechPrecision Corporation Shares Resume Trade

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