Wynnefield Partners Amends Techprecision Filing

TL;DR

Wynnefield Partners updated their Techprecision filing on 7/30/24. Watch for changes.

AI Summary

Wynnefield Partners Small Cap Value, L.P. and its affiliates, including Joshua Landes and Robert D. Straus, have filed an amendment (No. 1) to their Schedule 13D/A for Techprecision Corp, dated July 30, 2024. The filing indicates a change in beneficial ownership, though specific new holdings or percentage changes are not detailed in this excerpt. The group previously disclosed holdings in Techprecision Corp, a company in the fabricated structural metal products industry.

Why It Matters

This amendment signals a potential shift in the investment strategy or stake of a significant shareholder in Techprecision Corp, which could influence the company's future direction.

Risk Assessment

Risk Level: medium — Schedule 13D/A filings often indicate activist investor activity or significant stake changes, which can introduce volatility.

Key Players & Entities

• Wynnefield Partners Small Cap Value, L.P. (company) — Filing entity
• Joshua Landes (person) — Group member
• Robert D. Straus (person) — Group member
• Techprecision Corp (company) — Subject company
• Wynnefield Capital Management, LLC (company) — Group member
• Wynnefield Capital, Inc. (company) — Group member
• Wynnefield Capital, Inc. Profit Sharing Plan (company) — Group member
• Wynnefield Small Cap Value Offshore Fund, Ltd. (company) — Group member

FAQ

Key Financial Figures

• $0.0001 — ration (Name of Issuer) Common Stock, $0.0001 par value per share (Title of Class of

Filing Documents

• tm2420285d1_sc13da.htm (SC 13D/A) — 174KB
• tm2420285d1_ex99-4.htm (EX-99.4) — 32KB
• 0001104659-24-083759.txt ( ) — 208KB

Security and Issuer

Item 1. Security and Issuer. This Amendment No. 1 amends the Statement of Beneficial Ownership on Schedule 13D originally filed with the Securities and Exchange Commission on July 2, 2024 (the “Schedule 13D”) by the Reporting Persons (as defined in the Schedule 13D), with respect to the shares of common stock, $0.0001 par value per share, of TechPrecision Corporation (the “Issuer”), whose principal executive offices are located at 1 Bella Drive, Westminster, MA 01473. Capitalized terms used but not otherwise defined herein shall have the meanings set forth in the Schedule 13D.

Purpose of Transaction

Item 4. Purpose of Transaction.

of the Schedule 13D

Item 4 of the Schedule 13D is hereby amended by the addition of the following: On July 30, 2024, Wynnefield Partners Small Cap Value, L.P. I and its affiliates (“Wynnefield”), and Robert D. Straus (together, with Wynnefield, the “Group”), issued a public letter (the “Letter”) to the Issuer’s stockholders regarding the election of directors to the Board of Directors of the Issuer at the Issuer’s 2024 Annual Meeting of Stockholders and the launch of the Group’s campaign website at www.rebuildTPCScredibility.com. A copy of the Letter is attached hereto as Exhibit 4 and incorporated herein by reference. Wynnefield Partners Small Cap Value, L.P. I; Wynnefield Partners Small Cap Value, L.P.; Wynnefield Small Cap Value Offshore Fund, Ltd.; Wynnefield Capital, Inc. Profit Sharing Plan; Wynnefield Capital Management, LLC; Wynnefield Capital, Inc.; Nelson Obus; Joshua Landes; and Robert D. Straus (collectively, the “Group”) together with General Victor Eugene “Gene” Renuart, Jr., U.S. Air Force (Ret.) are participants in the solicitation of proxies from stockholders in connection with the 2024 Annual Meeting of Stockholders (the “Annual Meeting”) of TechPrecision Corporation (the “Company”). The Group intends to file a proxy statement (the “2024 Proxy Statement”) with the Securities and Exchange Commission (the “SEC”) in connection with the solicitation of proxies for the Annual Meeting unless it withdraws its nominations. Promptly after any filing of its definitive 2024 Proxy Statement with the SEC, the Group intends to mail the definitive 2024 Proxy Statement and an accompanying universal proxy card to some or all stockholders pursuant to applicable SEC rules. STOCKHOLDERS ARE URGED TO READ THE 2024 PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS THAT THE GROUP WILL FILE WITH THE SEC WHEN THEY B

Material to be Filed as Exhibits

Item 7. Material to be Filed as Exhibits.

of the Schedule 13D is amended by the addition

Item 7 of the Schedule 13D is amended by the addition of the following: Exhibit 99.4 Letter, dated July 30, 2024 CUSIP No. 878739101 13D/A Page 12 of 14 Pages SIGNATURE After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this Schedule 13D/A is true, complete and correct. Date: July 30, 2024 WYNNEFIELD PARTNERS SMALL CAP VALUE, L.P. I By: Wynnefield Capital Management, LLC, its General Partner By: /s/ Nelson Obus Nelson Obus, Co-Managing Member WYNNEFIELD PARTNERS SMALL CAP VALUE, L.P. By: Wynnefield Capital Management, LLC, its General Partner By: /s/ Nelson Obus Nelson Obus, Co-Managing Member WYNNEFIELD SMALL CAP VALUE OFFSHORE FUND, LTD. By: Wynnefield Capital, Inc. its Investment Manager By: /s/ Nelson Obus Nelson Obus, President WYNNEFIELD CAPITAL, INC. PROFIT SHARING PLAN By: /s/ Nelson Obus Nelson Obus, Co-Trustee CUSIP No. 878739101 13D/A Page 13 of 14 Pages WYNNEFIELD CAPITAL MANAGEMENT, LLC By: /s/ Nelson Obus Nelson Obus, Co-Managing Member WYNNEFIELD CAPITAL, INC. By: /s/ Nelson Obus Nelson Obus, President /s/ Nelson Obus Nelson Obus, Individually /s/ Joshua H. Landes Joshua H. Landes, Individually CUSIP No. 878739101 13D/A Page 14 of 14 Pages SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Schedule 13D/A is true, complete and correct. Date: July 30, 2024 /s/ Robert D. Straus Robert D. Straus, Individually

View Full Filing

View this SC 13D/A filing on SEC EDGAR