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An update from Trinity Place Holdings ( (TPHS) ) is now available.
On February 5, 2025, Trinity Place Holdings Inc. entered into a Stock Purchase Agreement with TPHS Lender LLC and Steel IP Investments, LLC, an affiliate of Steel Partners Holdings L.P. The agreement involves the sale of 25,862,245 shares of common stock to Steel IP Investments for $2,586,200, with the aim of achieving operational synergies through Steel Partners’ corporate services and excellence programs. The completion of the transaction is subject to several conditions, including amendments to existing agreements and regulatory compliance. The agreement also outlines changes to the company’s board and governance structure, including the appointment of five board members and strategic changes to its reporting status, which could have significant implications for the company’s operational direction and stakeholder interests.
More about Trinity Place Holdings
YTD Price Performance: -36.67%
Average Trading Volume: 73,415
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $2.51M
Find detailed analytics on TPHS stock on TipRanks’ Stock Analysis page.
