TPI Composites shares fall 36.24% premarket after filing for Chapter 11 bankruptcy.

Tpi Composites, Inc. dropped 36.24% in premarket trading, following the company's announcement of voluntary Chapter 11 bankruptcy proceedings. The company has reached an agreement with senior secured lenders for up to $82.5 million in debtor-in-possession financing, subject to final documentation and court approval. This financing is intended to facilitate a comprehensive restructuring and support continued operations. The company will continue operations in the normal course.