Teamshares Closes $225M Preferred Equity Investment To Finance Additional Acquisitions

Teamshares (NASDAQ: TMS) has secured a $225 million preferred equity investment from T. Rowe Price Investment Management, structured as Series A perpetual preferred stock. The funds will primarily be used to finance additional acquisitions as part of Teamshares' growth strategy. Additionally, the company has the option to issue up to $75 million more to other institutional investors.