TPI Composites signs Section 363 sale deal with ECP Blade Holdings for USD 20 million

Reuters03-09

TPI Composites signs Section 363 sale deal with ECP Blade Holdings for USD 20 million

TPI Composites and certain subsidiaries entered into a stock and asset purchase agreement with ECP Blade Holdings to sell wind blade manufacturing and related service operations through a Section 363 bankruptcy process. The transaction includes the transfer of equity interests in certain indirect subsidiaries and related assets for USD 20 million in cash, subject to adjustments, plus assumption of certain liabilities. Closing conditions include bankruptcy court approval and required governmental approvals. The agreement can be terminated if the transaction is not consummated by June 30, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TPI Composites Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-097651), on March 09, 2026, and is solely responsible for the information contained therein.

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