8-K - TPI Composites, Inc. | StockGist

AI Analysis

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TPI Composites, Inc. and certain subsidiaries entered into a Stock and Asset Purchase Agreement dated March 6, 2026, with ECP Blade Holdings LLC to sell equity interests in specified indirect subsidiaries and assets related to its wind blade manufacturing business in the US and Mexico, plus related services, for $20,000,000 in cash subject to adjustments and assumption of certain liabilities.

Key Takeaways

1Agreement signed March 6, 2026, between ECP Seller Parties (TPI Composites and subsidiaries) and ECP Blade Holdings LLC.

2Sells all equity in Transferred Entities including TPI Composites, S. de R.L. de C.V., TPI Blade Services LATAM S.A. de C.V., and TPI Blade Services Europe S.L.U.

3Transfers assets of ECP Business: wind blade manufacturing in US/Mexico, storage, inspection/repair services in US/Europe/Mexico, and engineering centers.

4Cash consideration: $20,000,000 subject to purchase price adjustments.

5Closing conditions include Bankruptcy Court approval, operational milestones, Oaktree lien release, and governmental approvals.

6Termination possible if not closed by June 30, 2026.

Current Report Details

Event Type

Material Agreement

Exhibits Only

Disclosure

Mandatory

Variant

8-K

Items Reported

1.01

. Entry into a Material Definitive Agreement. On March 6, 2026, the Company and certain of its direct and indirect subsidiaries (collectively, the “ECP Seller P

Material Agreement

$20.0M

Source Document

9.01

. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1* Stock and Asset Purchase Agreement, dated as of March 6, 2026, by and among TPI

Exhibits Only

Transaction Details

Material Agreement

Agreement: Stock and Asset Purchase Agreement
Parties: TPI Composites, Inc. and certain direct and indirect subsidiaries (ECP Seller Parties), ECP Blade Holdings LLC (ECP Buyer)

•Sale of all equity interests in Transferred Entities: TPI Composites, S. de R.L. de C.V., TPI Blade Services LATAM S.A. de C.V., TPI Blade Services Europe S.L.U.
•Sale of assets primarily related to wind blade manufacturing at US and Mexico facilities, related storage, wind blade inspection and repair services in US, Europe, Mexico, and design/technical support through engineering centers
•Consideration: $20,000,000 cash subject to adjustments and assumption of certain liabilities
•Free and clear of liens under section 363 of Bankruptcy Code (except as specified)
•Closing conditions: Bankruptcy Court order, operational/production milestones, Oaktree Fund Administration, LLC consent and lien release, governmental approvals
•Termination if not consummated by June 30, 2026

Exhibits (2)

10.1

EX-10.1

8-K