Enters into Amended and Restated Restructuring Support Agreement with existing sponsor and secured lenders holding approximately 98% of funded debt to enhance financial position

Continues to provide customers with high-performance managed services

Receives commitment of $73.6 million in Debtor in Possession (“DIP”) financing to support ongoing operations and fund pre-packaged court-supervised process

AUSTIN, Texas, June 28, 2026 /PRNewswire/ — TPx (the “Company”), a nationwide managed services provider, today announced it has reached an amended and restated Restructuring Support Agreement with its existing sponsor and holders representing a significant majority of the Company’s outstanding funded debt, positioning the Company for its next phase of growth. The agreement strengthens TPx’s financial foundation by providing a commitment for recapitalization and elimination of significant debt that will allow TPx to continue to build upon positive EBITDA and free cash flow growth.

“This agreement with our lenders marks a substantial step forward for TPx,” said Shaun Andrews, Chief Executive Officer of TPx. “It gives us the flexibility to accelerate our strategy, increase investments that grow the business, and deliver exceptional managed services to our customers. We’re energized by the opportunities this creates and the path ahead.”

To implement the agreement, TPx and certain of its affiliates have filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas. Throughout the process, TPx will continue to operate in the ordinary course, delivering reliable managed services and supporting our customers’ day-to-day operations without interruption.

In connection with this process, the Company has received new financing commitments, including DIP financing and exit financing from its existing lenders to provide the Company with sufficient liquidity to support the business throughout the Chapter 11 process and beyond. TPx aims to move through this process quickly and efficiently.

TPx has filed customary “First-Day Motions” with the Court to support a seamless transition into Chapter 11 without disruption and will continue operating as usual, meeting its obligations and maintaining strong relationships with vendors and technology partners to ensure the high-quality service customers expect.

Additional Information

Additional information about TPx’s restructuring process is available at http://tpx.com/ourfuture. Bankruptcy Court filings and other information regarding the case can be found at https://restructuring.ra.kroll.com/TPx, or by contacting Kroll Inc., the Company’s noticing and claims agent, at (888) 339-7353 (toll-free) and +1(646) 825-5321 (international).

TPx is advised in this matter by Sidley Austin LLP as legal counsel, Portage Point Partners as financial advisor, with Steven Shenker serving as Chief Restructuring Officer, PJT Partners, Inc. as investment banker, and FTI Consulting, Inc. as communications advisor. An ad hoc group of lenders is advised by Davis Polk & Wardwell LLP as legal counsel, Haynes & Boone LLP as local counsel, and Guggenheim Securities, LLC as financial advisor.

About TPx

TPx is your sidekick for smart IT—helping organizations connect, secure, and grow with confidence. Leveraging decades of experience, TPx delivers managed services for cybersecurity, networks, and cloud communications that reduce risk and maximize the value of IT investments. Visit www.tpx.com to learn more.

Media Contacts

Marissa Daily / Adeel Omer
mediarelations@tpx.com

or

Rose Temple / Rachel Chesley
TPxComms@fticonsulting.com

View original content:https://www.prnewswire.com/news-releases/tpx-announces-agreement-to-strengthen-financial-position-and-accelerate-growth-302812794.html

SOURCE TPx

BERLIN and LONDON and PARIS, June 29, 2026 /PRNewswire/ — Monport announces its Mid-Year Sale across Germany, the United Kingdom, and France, offering significant discounts on CO2 laser engravers and fiber laser engraving systems, along with exclusive free gifts and accessory savings for a limited time.

The promotion includes up to 50% off selected laser engraver systems and an additional 8% discount on accessories, supporting rising demand for precision manufacturing, customization, and small-scale production across Europe.

CO2 Laser Engravers Featured in the Mid-Year Sale

Monport’s CO2 laser engraver is designed for both entry-level users and professional production environments, covering compact desktop laser through advanced smart engraving platforms.

Monport Mega 70W CO2 Laser Engraver & Cutter – £1,499.99 (was £4,999.99)
High-performance 70W CO2 laser up to 600 mm/s engraving speed for deep cutting, batch production, and professional custom fabrication.Monport 40W Pro LightBurn-Ready CO2 Laser Engraver – £499.99 (was £859.99)
Compact entry-level CO2 laser engraver with CE approval and LightBurn compatibility.Reno Series CO2 Laser Engravers
The Reno lineup expands Monport’s CO2 offering with upgraded performance and smart vision options:Reno45 Pro – £999.99 (was £2,199.99)Reno65 – £1,199.99 (was £2,699.99)Reno65 Pro – £1,499.99 (was £2,999.99)Reno65 Pro Vision – £1,799.99 (was £3,599.99)

The Reno Series is designed for users requiring higher throughput, larger-format engraving, and optional vision-assisted precision for batch production and curved surface applications.

Fiber Laser Engraver Discounts Included

In addition, Monport is offering promotional pricing on fiber laser engravers for metal marking and industrial applications, including stainless steel, aluminum, and coated surfaces.

Monport GT 30W Split Fiber Laser Engraver – £1,799.99 (was £3,699.99)Monport GPro 30W MOPA Fiber Laser Engraver – £2,199.99 (was £4,999.99)Monport GA 20W Integrated Fiber Laser Machine – £1,299.99 (was £3,499.99)

The Mid-Year sale also includes exclusive free gifts with every laser machine purchase, along with bundled savings designed to reduce startup and expansion costs for workshops and small manufacturers.

All machines include warranty coverage, CE compliance, and regional support services across Europe.

Germany: https://www.monportlaser.de/

France: https://www.monportlaser.fr/

United Kingdom: https://www.monportlaser.uk/

Media Contact:
Email: support@monportlaser.uk 

View original content:https://www.prnewswire.co.uk/news-releases/monport-launches-mid-year-sale-across-europe-with-discount-on-laser-engravers-and-exclusive-free-gifts-302812779.html

SINGAPORE, June 29, 2026 /PRNewswire/ — Finmo today announced the appointment of Josh D’Ambrosio as Chief Commercial Officer (CCO), responsible for establishing and scaling Finmo’s global go-to-market engine, driving commercial growth and customer acquisition as the company expands into new markets and regulated jurisdictions.

Josh joins at a pivotal moment in Finmo’s growth trajectory. With newly secured licences in Dubai, the United Kingdom, and Hong Kong SAR extending its regulatory footprint to eight active jurisdictions, Finmo is entering a phase of accelerated international expansion. Josh will scale the commercial function required to match that pace, deepening strategic partnerships and driving adoption of Finmo’s Treasury Operating System and Payment Infrastructure across its key markets.

Josh brings a decade of experience building and scaling commercial functions in regulated fintech, payments, and digital assets. Most recently, he served as Chief Commercial Officer of Banxa, where he transformed the business from a consumer-facing startup into a B2B fintech infrastructure platform operating across more than nine regulated markets and was recently acquired by OSL Group. Earlier in his career, Josh held enterprise risk and compliance advisory roles at Ernst and Young, giving him the regulatory foundation that underpins his approach to building commercial functions in complex, multi-jurisdictional environments.

“We have spent the last four years building the regulatory foundation and product infrastructure that positions Finmo to grow at scale across multiple markets simultaneously. Josh understands what it takes to build and lead revenue functions in multi-jurisdictional environments where compliance, product, and commercial strategy have to move in lockstep” said David Hanna, CEO and Co-founder at Finmo. “His appointment marks the beginning of a new chapter for Finmo, and I could not be more confident in the person leading it.”

For Josh D’Ambrosio, Chief Commercial Officer at Finmo, the commercial opportunity is as clear as the problem it addresses: “Finmo is solving a problem that every CFO scaling across borders eventually runs into: the infrastructure they started with was never built for the complexity they are now managing. What excites me about this opportunity is that Finmo is not just building a better payment tool or a smarter dashboard. It is defining a new category of infrastructure, a Treasury Operating System that connects cash visibility, payments, and forecasting into one layer, and doing it in a way that is genuinely accessible to mid-market finance teams. My focus will be on bringing that story to the right partners and customers, and building the commercial engine to match the ambition of what the product team has already built.”

Media Contact

Anu Noto-Menon, Salween Group
Finmo@salweengroup.com

View original content:https://www.prnewswire.com/apac/news-releases/finmo-appoints-josh-dambrosio-as-chief-commercial-officer-302810449.html

SOURCE Finmo