Thunder Energies Retains Law Group For Major Debt Issue

Rhea-AI Summary

Thunder Energies Corp (OTC: TNRG) has engaged George Law Group as special bond counsel for a significant debt issuance of investment-grade instruments, potentially worth several hundred million dollars. The issuance will comprise collateralized tranches A, B, and C. The new management aims to uplist to NASDAQ or OTC Q market shortly, following the completion of audited financials. No specific issue date has been set, but it is anticipated for late 2022 or early 2023. Thunder Energies is focusing on building itself into a major entity after a recent change in control.

Positive

• Engagement of George Law Group for substantial debt issuance indication of growth potential.
• Audited financials completed, facilitating plans to uplist to NASDAQ or OTC Q.
• New management is focused on expanding the company's infrastructure and market presence.

Negative

• No specific timeline set for the debt issuance may indicate uncertainty.
• Recent management change could pose risks during the transition period.

ATLANTA, GA, Sept. 15, 2022 (GLOBE NEWSWIRE) -- THUNDER ENERGIES CORP (OTC: TNRG) has announced the engagement of George Law Group, Columbus, Ohio, as special bond counsel for a large, several hundred-million-dollar, debt issuance of investment grade instruments for the publicly traded entity.

George Law is a national boutique law firm with specialized practice areas including private debt financing. The debt may be collateralized or not. For Thunder Energies, George anticipates three issuances – collateralized tranches A, B, and C.

Thunder Energies new management anticipates that with audited financials that have now been substantially completed, the company will be able to shortly uplist to the NASDAQ national market or the OTC Q market trading platform, and to issue investment grade debt instruments.

Ricardo Haynes, Thunder Energies company President, stated:  “Thunder Energies is aggressively moving to capitalize on its strengths, such as our recently audited financial statements. Bringing the firm into SEC compliance is just part of the picture, but undeniable is the fact that the pieces are now coming together.

A specific issue date for the debt has not been determined, although 4^th quarter 2022 or first, second, quarter of 2023 is anticipated as the likely timing.

The entity, Thunder Energies, recently changed control, with a new investor group based out of Atlanta taking a leadership role in the business’ new direction. The appointment of the new auditors, which was recently announced, capitalizes on several months of infrastructure work to build TNRG into a major entity. There were no other issues – nor any disagreements – with the existing outside accountants.

For more information about Thunder Energies, its SEC filings, and business activities, please visit: www.thunderenergiescorp.com

Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements to reflect events or circumstances that may arise after the date of this release.

CONTACT

Investor Relations 
Rick Freeman
CMO
MAJORMEDIA INC
E: majormediasales@comcast.net
P: 570.468.2205                                                         

Donald R. Keer, P.E., Esq.
Corporate Counsel
Thunder Energies Corp.
3663 Greenwood Circle
Chalfont, PA 18914
215-962-9378

FAQ

What is Thunder Energies Corp's recent announcement regarding debt issuance?

Thunder Energies Corp announced the engagement of George Law Group as bond counsel for a significant debt issuance of investment-grade instruments.

When does Thunder Energies plan to uplist to NASDAQ?

Thunder Energies aims to uplist to NASDAQ or the OTC Q market shortly after completing its audited financials.

What type of debt instruments is Thunder Energies planning to issue?

Thunder Energies plans to issue several hundred million dollars in collateralized debt instruments, organized into tranches.

What changes have occurred in Thunder Energies' management?

Thunder Energies recently underwent a change in control with a new investor group taking a leadership role.

What is the expected timing for the debt issuance?

The specific issue date for the debt has not been determined, but it is anticipated to occur in late 2022 or early 2023.