false
0001328792
0001328792
2024-05-28
2024-05-28
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities
and Exchange Act of 1934
Date of Report (Date of earliest event reported):
May 28, 2024
TECHPRECISION CORPORATION
(Exact Name of Registrant as Specified in Charter)
Delaware |
|
000-41698 |
|
51-0539828 |
(State or Other Jurisdiction
of Incorporation or Organization) |
|
(Commission File Number) |
|
(IRS Employer Identification No.) |
1 Bella Drive
Westminster, MA 01473
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(978) 874-0591
Securities registered or to be registered pursuant to Section 12(b)
of the Act:
Title of each class |
|
Trading Symbol(s) |
|
Name of each
exchange on which registered |
Common Stock, par value $0.0001 per share |
|
TPCS |
|
Nasdaq Capital Market |
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
¨ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
¨ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
¨ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange
Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01 | Entry into a Material Definitive Agreement |
As previously disclosed, on August 25, 2021, Ranor,
Inc. (“Ranor”), a wholly owned subsidiary of TechPrecision Corporation (the “Company”), along with
certain affiliates of the Company (together with Ranor, the “Borrowers”), entered into that certain Amended and Restated
Loan Agreement (as amended from time to time, the “Amended and Restated Loan Agreement”) with Berkshire Bank under
which, among other things, Berkshire Bank (i) continued a term loan made to Ranor in the original principal amount of $2,850,000 (the
“Ranor Term Loan”) and (ii) provided a revolving line of credit loan to the Borrowers in the maximum principal amount
of $5,000,000 (the “Revolver Loan”). Under the Amended and Restated Loan Agreement and related loan documents, the
Ranor Term Loan has a maturity date of December 15, 2027 and the Revolver Loan had a maturity date of May 24, 2024. On May 28, 2024, Ranor
and the other Borrowers entered into an Eighth Amendment to Amended and Restated Loan Agreement and Fourth Amendment to Second Amended
and Restated Promissory Note (the “Amendment”) with Berkshire Bank.
Effective May 24, 2024, the Amendment, among other
things, (i) extends the maturity date of the Revolver Loan from May 24, 2024 to August 30, 2024; (ii) amends the maximum principal amount
of the Revolver Loan from $5,000,000 to $4,500,000; and (iii) effective on June 1, 2024, increases the Term SOFR Margin (as defined in
the Amendment) used to calculate the interest rate from 2.25% per annum to 2.50% per annum.
Other than in respect of the Amended and Restated
Loan Agreement, the promissory notes made thereunder, the related security and guaranty documents and the previously disclosed past borrowing
relationship, there is no material relationship between Ranor, the Company and the other affiliates of the Company party thereto, on the
one hand, and Berkshire Bank, on the other hand. The description of the Amendment is qualified in its entirety by reference to the full
text of the Amendment, a copy of which is attached hereto as Exhibit 10.1 and is incorporated by reference herein.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
Exhibit
Number |
|
Description |
10.1 |
|
Eighth Amendment to Amended and Restated Loan Agreement and Fourth Amendment to Second Amended and Restated Promissory Note, executed on May 28, 2024, and effective as of May 24, 2024, by and among Ranor, Inc., Stadco New Acquisition, LLC, Stadco, Westminster Credit Holdings, LLC and Berkshire Bank |
104 |
|
Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document) |
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
|
TECHPRECISION CORPORATION |
|
|
|
Date: June 3, 2024 |
By: |
/s/ Barbara M. Lilley |
|
Name: |
Barbara M. Lilley |
|
Title: |
Chief Financial Officer |
Exhibit 10.1
EIGHTH Amendment
TO AmenDed and Restated LOAN AGREEMENT
AND
Fourth AMENDMENT
TO seCOND aMENDED AND rESTATED pROMISSORY nOTE
This Eighth
Amendment TO Amended and Restated LOAN AGREEMENT AND FOURTH AMENDMENT TO SECOND AMENDED AND RESTATED PROMISSORY NOTE (this “Agreement”)
is executed on May 28, 2024 and effective May 24, 2024, by and among RANOR, INC., a Delaware corporation (“Ranor”),
Stadco New Acquisition, LLC, a Delaware limited liability company (the “Initial
Stadco Borrower”), STADCO, a California corporation (“Stadco”),
Westminster Credit Holdings, LLC, a Delaware limited liability company (“Westminster”;
together with Ranor, Initial Stadco Borrower and Stadco, jointly and severally, each a “Borrower” and collectively,
the “Borrowers”), and BERKSHIRE BANK, a savings bank organized and existing under the laws of the Commonwealth of
Massachusetts (“Lender” or “Bank”), successor by merger to Commerce Bank & Trust Company, in
the following circumstances:
A. Lender
has made (i) a term loan to Ranor in the original principal amount of $2,850,000.00 (the “Ranor Term Loan”), which
Ranor Term Loan is evidenced by that certain Promissory Note dated December 20, 2016, made by Ranor in favor of Lender in the stated
principal amount of $2,850,000.00 (as amended by the First Amendment, the Second Amendment, the Third Amendment, the Fourth Amendment
and the Fifth Amendment, each as hereafter defined, and as further amended, amended and restated, supplemented or otherwise modified
from time to time, the “Ranor Term Note”), (ii) a revolving line of credit loan to the Borrowers in the maximum principal
amount of $5,000,000.00 (the “Line of Credit”), which Line of Credit is evidenced by that certain Second Amended and
Restated Promissory Note dated August 25, 2021, made by the Borrowers in favor of Lender in the stated principal amount of $5,000,000.00
(as amended by the Fifth Amendment and the Sixth Amendment, as hereafter defined, and as further amended, amended and restated, supplemented
or otherwise modified from time to time, the “Line of Credit Note”) and (iii) a term loan to the Initial Stadco Borrower,
Stadco and Westminster in the original principal amount of $4,000,000.00 (the “Stadco Term Loan” and together with
the Ranor Term Loan and the Line of Credit, collectively, the “Loans”), which Stadco Term Loan is evidenced by that
certain Promissory Note dated August 25, 2021, made by the Initial Stadco Borrower, Stadco and Westminster in the stated principal amount
of $4,000,000.00 (the “Stadco Term Note” and together with the Ranor Term Note and the Line of Credit Note, collectively,
the “Notes”). The Notes are governed by the Amended and Restated Loan Agreement by and between Borrowers and Lender
dated August 25, 2021 (as amended by that certain First Amendment to Amended and Restated Loan Agreement and First Amendment to Promissory
Note (the “First Amendment”) dated as of December 17, 2021, as further amended by that certain Second Amendment to
Amended and Restated Loan Agreement and Second Amendment to Promissory Note (the “Second Amendment”) dated as of March
18, 2022, as further amended by that certain Third Amendment to Amended and Restated Loan Agreement and Third Amendment to Promissory
Note (the “Third Amendment”) dated as of June 16, 2022, as further amended by that certain Fourth Amendment to Amended
and Restated Loan Agreement and Fourth Amendment to Promissory Note (the “Fourth Amendment”) dated as of September
15, 2022, as further amended by that certain Fifth Amendment to Amended and Restated Loan Agreement, Fifth Amendment to Promissory Note
and First Amendment to Second Amended and Restated Promissory Note (the “Fifth Amendment”) dated as of December 20,
2022, as further amended by that certain Sixth Amendment to Amended and Restated Loan Agreement and Second Amendment to Second Amended
and Restated Promissory Note (the “Sixth Amendment”) dated as of December 20, 2023, as further amended by that certain
Seventh Amendment to Amended and Restated Loan Agreement and Third Amendment to Second Amended and Restated Promissory Note (the “Seventh
Amendment”) dated as of March 20, 2024, and as further amended, amended and restated, supplemented or otherwise modified from
time to time, the “Loan Agreement”). Any capitalized terms used but not expressly defined herein shall be given the
same meaning given to such term in the Loan Agreement.
B.
Borrowers have requested that Lender extend the maturity of the Line of Credit and Borrowers understand that Lender currently
seeks to reduce the maximum principal amount of the Line from $5,000,000.00 to $4,500,000.00, and to modify certain provisions of the
Loan Agreement and Line of Credit Note, and Lender has agreed to such foregoing modifications on the terms and subject to the conditions
set forth herein.
NOW, THEREFORE, in consideration
of the foregoing, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties
hereby agree as follows:
1.
Amendment to Loan Agreement. The Loan Agreement is hereby amended as follows:
1.1 The
reference to “$5,000,000.00 Revolving Line of Credit Loan” in the title of title of Section 2 of the Loan Agreement is hereby
deleted and “$4,500,000.00 Revolving Line of Credit Loan” inserted in place thereof and substituted therefor.
1.2 The
references to “$5,000,000.00” in Paragraph B of Section 2.1 are hereby deleted and in each instance “$4,500,000.00”
is inserted in place thereof and substituted therefor:
1.3 The
definition of “Borrowing Base” as set forth in Section 2.3 of the Loan Agreement is hereby deleted in its entirety and the
following is inserted in place thereof and substituted therefor:
“Borrowing Base”
means an amount equal to the lesser of (a) $4,500,000.00 or (b) the sum of (i) 80% of the net outstanding amount of Base Accounts, plus
(ii) the lesser of (x) 25% of Eligible Raw Material Inventory, and (y) $250,000.00, plus (iii) 80% of the Appraised Value
of the Eligible Equipment.”
1.4 The
reference to “$5,000,000.00” in Section 3.4 of the Loan Agreement is hereby deleted and “$4,500,000.00” is inserted
in place thereof and substituted therefor.
1.5 Appendix
I of the Loan Agreement is hereby amended by deleting the definition of “Revolver Maturity Date” and inserting the following
definition in place thereof and substituted therefor:
“Revolver
Maturity Date” means August 30, 2024.
1.6 Appendix
I of the Loan Agreement is hereby amended by deleting the definition of “Term SOFR Margin” and inserting the following
definition in place thereof and substituted therefor:
“Term
SOFR Margin” prior to June 1, 2024, means Two and One-Quarter percent (2.25%) per annum and effective June 1, 2024 and at all
times thereafter, means Two and One-Half percent (2.50%) per annum.
2.
Amendment to Line of Credit Note. The Line of Credit Note is hereby amended as follows:
2.1 The
second paragraph on page 1 of the Line of Credit Note is hereby amended by deleting paragraph (a) in its entirety and the following is
inserted in place thereof and substituted therefor:
“(a)
The Borrowers shall pay interest only on the unpaid balance hereunder until paid in full, which interest shall be paid on each Interest
Payment Date. The aggregate unpaid principal balance of this Note shall be paid, plus any accrued and unpaid interest, on August 30,
2024. Interest on the unpaid principal balance hereof from time to time outstanding shall be a fluctuating rate equal to, at the election
of the Borrowers, either (i) the Term SOFR Rate (or, if applicable under clauses (c), (d) or (e) of this Note, the Daily Simple SOFR
Rate or the Base Rate, as applicable), or (ii) the Adjusted Prime Rate, which fluctuating rate will change when the Prime Rate changes.
The Borrowers may elect to have the interest rate converted to the Term SOFR Rate (or, if applicable under clauses (c), (d) or (e) of
this Note, the Daily Simple SOFR Rate or the Base Rate, as applicable) or to the Adjusted Prime Rate, as applicable, at any time during
the term of this Note upon notice to the Bank at least two (2) Business Days prior to the end of the existing Interest Period, if the
Term SOFR Rate is in effect, or at least two (2) Business Days prior to the end of the month if any other interest rate is in effect
hereunder.”
2.2 All
references in the Line of Credit Note to $5,000,000 are hereby deleted and “$4,500,000.00” is inserted in place thereof and
substituted therefor.
3. Operational
Assessment. Borrowers hereby covenant and agree to obtain an operational assessment of Borrowers, with focus on operations of Stadco,
provided that such operational assessment shall not have a materially adverse impact on or create a material disruption to the operations
of the Borrowers and provided further that the scope of such operational assessment shall be reasonably acceptable to the Borrowers.
Such assessment shall be performed by a third-party consultant reasonably acceptable to Lender and Borrowers shall deliver a report from
such consultant, in form and substance reasonably acceptable to Lender, on or before July 31, 2024 (or such later date as the Lender
may agree in its reasonable discretion).
4. Conditions
Precedent. The effectiveness of this Agreement is conditioned upon the occurrence of the following events, or the Lender’s
receipt of the following items, as applicable, in each case in form and content acceptable to the Lender:
4.1 a
fully-executed counterpart of this Agreement from the Borrowers and the Tech Guarantor, in form satisfactory to the Lender; and
4.2 receipt
by Lender of a modification fee in the amount of $7,500, which shall be deemed fully earned upon Lender’s receipt thereof, and
payment of all reasonable and documented fees and expenses incurred in connection with this Agreement for which invoices have been presented
to the Borrowers, including, without limitation, all reasonable legal fees and expenses.
5. All
security for the Loans and Notes now existing or hereafter granted to Lender, including without limitation all security evidenced, granted
or governed by the Loan Agreement as amended hereby, the Security Agreements, the Mortgage, and any guaranty given in connection with
the Loans or Notes, shall be security for the Loans, as amended hereby, and the Notes and for all obligations of Borrower under this
Agreement, under the Notes and under the Loan Agreement, as previously amended and as amended by this Agreement.
6. All
references to the Loan Agreement and the Line of Credit Note, respectively, wherever, whenever or however made or contained, are hereby
deemed to be references to the Loan Agreement and the Line of Credit Note, respectively, as previously modified and as modified by this
Agreement. By signing this Agreement in the space indicated below, each Borrower hereby affirms and restates all of the covenants and
agreements made and set forth in the Loan Agreement and does hereby warrant, represent and covenant that, after giving effect to this
Agreement, and except with respect to the Existing Defaults (as defined below), the representations and warranties in the Loan Agreement
are true, accurate and complete in all material respects on and as of the date hereof (provided, however, that such materiality qualifier
shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof,
and provided, further, that those representations and warranties expressly referring to a specific date shall be true, accurate and complete
in all material respects as of such date). ALL OF THE PROVISIONS OF THE LOAN AGREEMENT AND THE LINE OF CREDIT NOTE, EACH AS AMENDED HEREBY,
REMAIN IN FULL FORCE AND EFFECT.
7. Borrowers
acknowledge that certain Events of Default have occurred and are continuing under Section 8.2 of the Loan Agreement as a result
of Borrowers’ failure to satisfy the required minimum Debt Service Coverage Ratio for the twelve (12) month periods ending September
30, 2023, and December 31, 2023, as set forth in Section 6.10 of the Loan Agreement (the “Existing Defaults”).
Borrowers further acknowledge that this Agreement constitutes written notice pursuant to the Loan Documents of such Existing Defaults.
Regardless of entering into this Agreement or any discussions between Borrowers and Lender, Lender hereby expressly reserves any and
all rights and remedies available to it under the Loan Documents, the Collateral Documents, and under applicable law, including, without
limitation, its right to choose to accelerate and demand the outstanding indebtedness evidenced by the Loan Documents and seek immediate
repayment in full, and institute the default rate of interest as of the date of the occurrence of the default or at any time thereafter,
as a result of any default or event of default, including, without limitation, the Existing Defaults, that have arisen or may arise.
No such discussions or the entering into of this Agreement shall imply any course of conduct or any agreement on the part of Lender to
waive any of its rights and remedies or to forbear from taking any action authorized by the Loan Documents, the Collateral Documents,
or by applicable law while discussions continue. At no time shall any prior or subsequent course of conduct by Lender or the Borrowers
directly or indirectly limit, impair or otherwise adversely affect any of the Lenders rights, interests or remedies in connection with
the Loan Documents or the Collateral Documents, or obligate Lender to agree to, negotiate or consider any agreement to waive any obligation,
default or event of default by Borrowers under any Loan Document or to amend any term or condition of any Loan Document, except as expressly
set forth herein or therein. Any delay or forbearance by Lender in the enforcement or pursuit of any of its rights and remedies under
the Loan Documents, under the Collateral Documents, or under applicable law shall not constitute a waiver thereof, nor shall it be a
bar to the exercise of Lender’s rights or remedies at a later date.
8.
By signing this Agreement on behalf of the Borrowers in the space designated below, the individual so signing represents and warrants
to Lender that he or she has full power and authority to execute this Agreement and to bind such Borrower, and that all corporate actions
necessary to authorize and approve execution of this Agreement, and by such individual, have been taken prior to the execution hereof.
9. This
Agreement shall be binding upon and shall inure to the benefit of Borrowers and Lender, and their respective successors and assigns.
This Agreement has been made in the Commonwealth of Massachusetts and shall be governed, construed, applied and enforced in accordance
with the laws of said Commonwealth without resort to its conflict of laws rules. Wherever possible, each provision of this Agreement
shall be interpreted in such a manner as to be effective and valid under applicable law; should any portion of this Agreement be declared
invalid for any reason in any jurisdiction, such declaration shall have no effect upon the remaining portions of this Agreement; furthermore,
the entirety of this Agreement shall continue in full force and effect in all jurisdictions and said remaining portions of this Agreement
shall continue in full force and effect in the subject jurisdiction as if this Agreement had been executed with the invalid portions
thereof deleted.
10. IN
THE EVENT THAT LENDER BRINGS ANY ACTION OR PROCEEDING IN CONNECTION HEREWITH IN ANY COURT OF RECORD OF MASSACHUSETTS OR THE UNITED STATES
IN MASSACHUSETTS, EACH BORROWER HEREBY IRREVOCABLY CONSENTS TO AND CONFERS PERSONAL JURISDICTION OF SUCH COURT OVER SUCH BORROWER BY
SUCH COURT. IN ANY SUCH ACTION OR PROCEEDING, EACH BORROWER HEREBY WAIVES PERSONAL SERVICE OF ANY SUMMONS, COMPLAINT OR OTHER PROCESS
AND AGREES THAT SERVICE THEREOF MAY BE MADE UPON SUCH BORROWER BY MAILING A COPY OF SUCH SUMMONS, COMPLAINT OR OTHER PROCESS BY CERTIFIED
MAIL TO SUCH BORROWER AT ITS ADDRESS REFERENCED IN THE LOAN AGREEMENT. EACH BORROWER AND LENDER HEREBY WAIVE TRIAL BY JURY IN ANY LITIGATION
IN ANY COURT WITH RESPECT TO, IN CONNECTION WITH, OR ARISING OUT OF THIS AGREEMENT OR ANY INSTRUMENT OR DOCUMENT DELIVERED IN CONNECTION
HEREWITH, OR THE VALIDITY, PROTECTION, INTERPRETATION, COLLECTION OR ENFORCEMENT THEREOF, OR ANY OTHER CLAIM OR DISPUTE HOWSOEVER ARISING
BETWEEN BORROWERS AND LENDER.
11. This
Agreement may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute
an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature
page of this Agreement by facsimile, email or other electronic format (.pdf or .tif) shall be effective as delivery of a manually executed
counterpart of this Agreement.
[Signatures appear on the
following page]
IN WITNESS WHEREOF, the parties
hereto, by their duly authorized representatives, have executed this Agreement on the date first above written.
|
RANOR,
INC. |
|
|
|
|
|
|
|
By: |
/s/
Barbara Lilley |
|
Name: |
Barbara Lilley |
|
Title: |
Vice President – Finance |
|
|
|
|
|
|
|
Stadco
New Acquisition, LLC |
|
|
|
|
|
|
|
By: |
/s/
Barbara Lilley |
|
Name: |
Barbara Lilley |
|
Title: |
Chief Financial Officer |
|
|
|
|
|
|
|
Westminster
Credit Holdings, LLC |
|
|
|
|
|
|
|
By: |
/s/
Barbara Lilley |
|
Name: |
Barbara Lilley |
|
Title: |
Chief Financial Officer |
|
|
|
|
|
|
|
Stadco |
|
|
|
|
|
|
|
By: |
/s/
Barbara Lilley |
|
Name: |
Barbara Lilley |
|
Title: |
Assistant Secretary |
|
|
|
|
|
|
|
BERKSHIRE BANK |
|
|
|
|
|
|
|
By: |
/s/
Matthew J. Simoneau |
|
Name: |
Matthew J. Simoneau |
|
Title: |
First Vice President |
[Signature Page to Eighth
Amendment]
CONSENT OF GUARANTORS
Each of the undersigned Guarantors
of the Obligations of the Borrowers, as applicable, as further described in the Loan Agreement, that certain Amended and Restated Unlimited
Guaranty dated as of August 25, 2021, by the Tech Guarantor in favor of the Lender (the “TechPrecision Guaranty”)
and that certain Unlimited Guaranty dated as of August 25, 2021, by the Stadco Borrowers in their respective capacities as guarantors
or Ranor’s Obligations (the “Stadco Guaranty” and together with the TechPrecision Guaranty, the “Guaranties”
and each a “Guaranty”), hereby consents to the execution of the foregoing Agreement, hereby waives any claims, offsets
or defenses which might otherwise arise by reason of the execution of the foregoing, and hereby ratifies and affirms its respective Guaranty,
and all agreements securing such Guaranties, all of which shall remain in full force and effect until Borrowers’ Obligations have
been paid and performed in full to Lender’s satisfaction. Each of the undersigned Guarantors hereby agrees that, as of the date
hereof, it has no claim or defense of any kind by way of offset or otherwise to the payment and satisfaction in full of Borrowers’
or such undersigned Guarantor’s obligations under said documents or to the extent that such a claim or defense may exist, such
undersigned Guarantor hereby waives it in consideration of the execution of the Agreement. Each of the undersigned Guarantors further
waives any and all defenses arising by reason of (a) any and all amendments or modifications of any documents or instrument, (b) any
and all alterations, accelerations, extensions or other changes in the time or manner of payment or performance of Obligations, (c) the
release, substitution or addition of any collateral or any guarantees, (d) any failure of the Lender to give notice of default to Borrowers
or such undersigned Guarantor, (e) any failure of the Lender to pursue any Borrower or any of its property with due diligence, (f) any
failure of the Lender to resort to collateral or to remedies which may be available to it, (g) any and all defenses arising out of the
relationship of the undersigned to Borrowers, and none of the defenses shall operate to release the undersigned as guarantor, (h) all
rights of Borrowers, and (i) the benefit of all other principles or provisions of law, statutory or otherwise, which are or might be
in conflict with the terms hereof.
The failure or refusal
of any of the undersigned Guarantors to execute this Consent of Guarantors shall not void such Guarantor’s Obligations, nor shall
such failure or refusal be grounds for any relief of such undersigned Guarantor from its Obligations.
Guarantor:
TechPrecision Corporation
By: |
/s/
Barbara Lilley |
|
Name: |
Barbara Lilley |
|
Title: |
Chief Financial Officer |
|
(Signatures continue on the following page)
Stadco
New Acquisition, LLC |
|
|
|
|
|
By: |
/s/
Barbara Lilley |
|
Name: |
Barbara Lilley |
|
Title: |
Chief Financial Officer |
|
|
|
|
|
Westminster
Credit Holdings, LLC |
|
|
|
|
|
By: |
/s/
Barbara Lilley |
|
Name: |
Barbara Lilley |
|
Title: |
Chief Financial Officer |
|
|
|
|
|
Stadco |
|
|
|
|
|
By: |
/s/
Barbara Lilley |
|
Name: |
Barbara Lilley |
|
Title: |
Assistant Secretary |
|
v3.24.1.1.u2
X |
- DefinitionBoolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
+ Details
Name: |
dei_AmendmentFlag |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionFor the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
+ Details
Name: |
dei_DocumentPeriodEndDate |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:dateItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
+ Details
Name: |
dei_DocumentType |
Namespace Prefix: |
dei_ |
Data Type: |
dei:submissionTypeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAddress Line 1 such as Attn, Building Name, Street Name
+ References
+ Details
Name: |
dei_EntityAddressAddressLine1 |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
dei_EntityAddressCityOrTown |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCode for the postal or zip code
+ References
+ Details
Name: |
dei_EntityAddressPostalZipCode |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionName of the state or province.
+ References
+ Details
Name: |
dei_EntityAddressStateOrProvince |
Namespace Prefix: |
dei_ |
Data Type: |
dei:stateOrProvinceItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionA unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityCentralIndexKey |
Namespace Prefix: |
dei_ |
Data Type: |
dei:centralIndexKeyItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicate if registrant meets the emerging growth company criteria.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityEmergingGrowthCompany |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCommission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
+ Details
Name: |
dei_EntityFileNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:fileNumberItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTwo-character EDGAR code representing the state or country of incorporation.
+ References
+ Details
Name: |
dei_EntityIncorporationStateCountryCode |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarStateCountryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityRegistrantName |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityTaxIdentificationNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:employerIdItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionLocal phone number for entity.
+ References
+ Details
Name: |
dei_LocalPhoneNumber |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 13e -Subsection 4c
+ Details
Name: |
dei_PreCommencementIssuerTenderOffer |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 14d -Subsection 2b
+ Details
Name: |
dei_PreCommencementTenderOffer |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTitle of a 12(b) registered security.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b
+ Details
Name: |
dei_Security12bTitle |
Namespace Prefix: |
dei_ |
Data Type: |
dei:securityTitleItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionName of the Exchange on which a security is registered.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection d1-1
+ Details
Name: |
dei_SecurityExchangeName |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarExchangeCodeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Section 14a -Number 240 -Subsection 12
+ Details
Name: |
dei_SolicitingMaterial |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTrading symbol of an instrument as listed on an exchange.
+ References
+ Details
Name: |
dei_TradingSymbol |
Namespace Prefix: |
dei_ |
Data Type: |
dei:tradingSymbolItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Securities Act -Number 230 -Section 425
+ Details
Name: |
dei_WrittenCommunications |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
TechPrecision (NASDAQ:TPCS)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
TechPrecision (NASDAQ:TPCS)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024