07:53 AM EDT, 10/06/2025 (MT Newswires) -- Acuren ( TIC ) said Monday it has agreed to sell $250 million worth of securities in a private placement to an existing investor.

Under the deal, the company, which will soon rebrand as TIC Solutions, will sell around 20.8 million shares at $12 per share.

The deal is expected to close around Tuesday.

The testing and inspection services provider said it intends to use proceeds from the sale for general corporate purposes.

Shares of the company were down 1% in recent premarket activity Monday.