HOLLYWOOD, Fla., October 07, 2025 — Acuren Corporation (the “Company”) (NYSE: TIC), which has announced its intention to rebrand as TIC Solutions, Inc., today announced that it has entered into a definitive agreement to sell $250 million of the Company’s securities in a private placement (the “Private Placement”) to an existing investor (the “Shareholder”). Pursuant to the terms of the agreement, the Company will sell approximately 20.8 million shares of its common stock (“Common Stock”) at $12.00 per share (or in lieu thereof, pre-funded warrants with an exercise price of $.0001 per share). The Private Placement is expected to close on or about October 7, 2025, subject to customary closing conditions. The Company intends to use the proceeds from the Private Placement for general corporate purposes.
Jefferies LLC acted as the sole placement agent for the Private Placement.
The securities to be sold in this Private Placement have not been registered under the Securities Act of 1933, as amended (the “Securities Act”). Accordingly, these securities may not be offered or sold in the United States, except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act. The Company and the Shareholder have agreed that the Company will file a registration statement with the U.S. Securities and Exchange Commission (“SEC”) registering the resale of the shares of Common Stock issued in the Private Placement no later than 15 days after the closing of the Private Placement. The closing of the Private Placement is not dependent on the effectiveness of such registration statement. Any offering of the securities under the resale registration statement will only be made by means of a prospectus.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.