{"url_path":"/sec/tpcs/8-k/2026-05-19/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 **","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-05-19","source_url":"https://www.sec.gov/Archives/edgar/data/1328792/0001104659-26-063364-index.html","accession_number":"0001104659-26-063364","cik":"0001328792","ticker":"TPCS","issuer_name":"TECHPRECISION CORP","edgar_url":"https://www.sec.gov/Archives/edgar/data/1328792/0001104659-26-063364-index.html","primary_entity_key":"0001328792","primary_entity_name":"TECHPRECISION CORP"},"word_count":402,"has_tables":true,"body_markdown":"**Item 1.01**\n**Entry into a Material Definitive Agreement**\n\n \n\nAs previously disclosed, on August 25, 2021,\nRanor, Inc. (“**Ranor**”), a wholly owned subsidiary of TechPrecision Corporation (the “**Company**”),\nalong with certain affiliates of the Company (together with Ranor, the “**Borrowers**”), entered into that certain Amended\nand Restated Loan Agreement (as amended from time to time, the “**Amended and Restated Loan Agreement**”) with Beacon Bank &\nTrust, successor by merger to Berkshire Bank (“**Beacon**”) under which, among other things, Beacon provides a revolving\nline of credit loan to the Borrowers which currently has a maximum principal amount of $4,500,000 (the “**Revolver Loan**”).\nUnder the Amended and Restated Loan Agreement and related loan documents, as further amended, the Revolver Loan had a maturity date of\nMay 15, 2026. On May 13, 2026, Ranor and the other Borrowers entered into a Fourteenth Amendment to Amended and Restated Loan Agreement\nand Tenth Amendment to Second Amended and Restated Promissory Note (the “**Amendment**”) with Beacon.\n\n \n\nThe Amendment, among other\nthings, (i) extends the maturity date of the Revolver Loan from May 15, 2026 to September 15, 2026, (ii) adds covenants from the\nBorrowers to: (a) provide by July 31, 2026 (or such later date agreed by Beacon in its sole discretion) a term sheet for a refinancing\nto repay outstanding obligations under the Amended and Restated Loan Agreement by September 15, 2026; if not provided by July 31, 2026,\nthen the Borrowers shall provide access to Beacon to conduct field examinations of all assets, and appraisals of all collateral, of Borrowers\nat all locations where assets may be located; and (b) cooperate with and pay for a lender-ordered appraisal of one of the Company’s\nproperties; and (iii) adds a failure-to-perform fee of $15,000 if any amounts remain outstanding under the Amended and Restated Loan Agreement\nafter September 15, 2026, with nonpayment constituting an event of default.\n\n \n\nOther than in respect of the Amended and Restated\nLoan Agreement, the promissory notes made thereunder, the related security and guaranty documents and the previously disclosed past borrowing\nrelationship, there is no material relationship between Ranor, the Company and the other affiliates of the Company party thereto, on the\none hand, and Beacon, on the other hand. The description of the Amendment is qualified in its entirety by reference to the full text of\nthe Amendment, a copy of which is attached hereto as Exhibit 10.1 and is incorporated by reference herein."}