Thunder Energies to Transfer Assets and Shareholders to an OTCQB Company

Rhea-AI Summary

Thunder Energies (OTC: TNRG) has announced a strategic move to transfer its assets and shareholders to a fully reporting OTCQB company. This transfer is part of a larger strategy aimed at driving significant growth opportunities and ensuring shareholder value. The agreement allows Thunder Energies shareholders to receive new shares on a one-to-one basis, with the transaction expected to complete in early June 2024. The company will remain domiciled in Georgia and aims to qualify as an investment company, aligning with its growth and value creation goals. CEO Ricardo Haynes highlighted the transformative nature of the agreement and the commitment to transparency during the transition.

Positive

• Shareholders to receive new shares on a one-to-one basis.
• Transaction completion anticipated for early June 2024.
• Company to remain domiciled in Georgia for potential tax and operational benefits.
• Strategic realignment aimed at qualifying as an investment company.
• Potential for increased growth opportunities and value creation for shareholders.
• Commitment to transparency and smooth transition process for shareholders.

Negative

• Uncertainty and potential risks associated with the transition to a new company.
• No detailed financial data or performance metrics provided in the PR.
• Dependence on successful completion of the strategic agreement.

ATLANTA, May 30, 2024 /PRNewswire/ -- Thunder Energies (OTC: TNRG), a leading player in commercial real estate development sector, announces a strategic agreement for the management teams' acquisition of control shares in a fully reporting OTCQB company which will allow for significant change in the company.  This transformative step not only promises enhanced opportunities for growth but also ensures that existing Thunder Energies shareholders can transition their holdings into the open market.

Under the terms of the agreement, Thunder Energies shareholders will be granted shares on a one-to-one basis following the completion of the transaction anticipated for early June 2024. Moreover, as part of the strategic realignment, Thunder Energies will continue its efforts to qualify as an investment company.

The company, to be domiciled in the state of Georgia, is poised to capitalize on synergies and unlock new avenues for expansion. This strategic alignment underscores the commitment to creating long-term value for shareholders and stakeholders alike.

"Today marks a pivotal moment in Thunder Energies' journey," commented Ricardo Haynes, CEO at Thunder Energies. "This strategic agreement not only positions us for accelerated growth but also reinforces our commitment to delivering value to our shareholders. We are excited about the opportunities that lie ahead and remain steadfast in our pursuit of excellence."

Following the completion of the agreement, Thunder Energies will release further instructions to shareholders to facilitate a smooth transition into the new company. These instructions will ensure a seamless process and uphold transparency throughout the transition period.

About Thunder Energies Corporation:

Thunder Energies Corporation is a real estate development company that prides itself on identifying and capitalizing on unique and lucrative opportunities in various diversified sectors. With a strategic focus on innovation and value creation, Thunder Energies is committed to delivering sustainable growth and shareholder value.

For more information and media inquiries, please visit www.thunderenergiescorp.com or contact:

Investor Relations
Thunder Energies Corp
E: Info@thunderenergiescorp.com
P: (844) 601-1956

Donald R. Keer, P.E., Esq.
Corporate Counsel
Thunder Energies Corp.
P: (254) 704-2675

Disclaimer:  Information in this press release contains forward-looking statements that involve risks and uncertainties. Statements containing words such as "could," "believe," "expect," "intend," "anticipate," "will," or similar expressions are forward-looking statements. Such statements involve known and unknown risks, uncertainties, and other factors, which may cause the actual results, performance, or achievements of Thunder Energies Corporation to be materially different from those expressed or implied by such forward-looking statements.

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SOURCE Thunder Energies Corp

FAQ

What is the ticker symbol for Thunder Energies?

The ticker symbol for Thunder Energies is TNRG.

What is the strategic move announced by Thunder Energies in May 2024?

Thunder Energies announced a strategic agreement to transfer its assets and shareholders to a fully reporting OTCQB company.

When is the expected completion date for the Thunder Energies transaction?

The transaction is expected to be completed in early June 2024.

What will Thunder Energies shareholders receive in the new company?

Thunder Energies shareholders will receive shares on a one-to-one basis in the new company.

Where will the new company be domiciled?

The new company will be domiciled in the state of Georgia.

What are the expected benefits of the Thunder Energies strategic agreement?

The strategic agreement aims to provide enhanced growth opportunities, value creation for shareholders, and a seamless transition process.

What is Thunder Energies' goal following the strategic agreement?

Thunder Energies aims to qualify as an investment company following the strategic agreement.