05:27 AM EDT, 08/14/2025 (MT Newswires) -- TPI Composites ( TPIC ) said late Wednesday that the US Bankruptcy Court for the Southern District of Texas approved all first-day motions that it filed for its voluntary chapter 11 proceedings.

The approved motions include interim approval for debtor-in-possession financing of up to $82.5 million from senior secured lenders.

The company said the motions will allow it to continue normal business operations amid the chapter 11 process.

TPI shares were up 4% in recent premarket activity Thursday.