TPT Global Tech Form S-1 Post-Effective Amendment Filing Activates $3 Million Standby Equity Commitment from MACRAB, LLC Immediately
TPT Global Tech (OTC PINK:TPTW) announces the effectiveness of Form S-1 Post-Effective Amendment, activating a $3 million standby equity commitment from MacRab This capital access will support the final development and launch of the company's VuMe Super app, a comprehensive platform integrating communication, entertainment, social media, e-commerce, and financial services. The funding will also help reduce corporate debt and strengthen the balance sheet as the company aims for uplisting to a major US stock exchange.
TPT Global Tech (OTC PINK:TPTW) annuncia l'efficacia della Modifica Post-Efficace del Modulo S-1, attivando un
TPT Global Tech (OTC PINK:TPTW) anuncia la efectividad de la Enmienda Post-Efectiva del Formulario S-1, activando un compromiso de capital standby de 3 millones de dólares por parte de MacRab. Este acceso al capital apoyará el desarrollo final y el lanzamiento de la VuMe Super app de la empresa, una plataforma integral que integra comunicación, entretenimiento, redes sociales, comercio electrónico y servicios financieros. La financiación también ayudará a reducir la deuda corporativa y a fortalecer el balance general mientras la empresa se prepara para cotizar en una bolsa de valores importante de EE. UU.
TPT 글로벌 테크 (OTC PINK:TPTW)는 Form S-1 후효력 수정안의 효력을 발표하며, MacRab로부터 300만 달러의 대기 자본 약속을 활성화했습니다. 이 자본 접근은 회사의 VuMe 슈퍼 앱의 최종 개발 및 출시를 지원할 것입니다. 이 앱은 커뮤니케이션, 엔터테인먼트, 소셜 미디어, 전자 상거래 및 금융 서비스를 통합한 포괄적인 플랫폼입니다. 자금 지원은 또한 기업 부채를 줄이고 재무 상태를 강화하는 데 도움이 될 것이며, 회사는 주요 미국 증권 거래소에 상장할 계획입니다.
TPT Global Tech (OTC PINK:TPTW) annonce l'effectivité de l'amendement post-effet du formulaire S-1, activant un engagement en capital standby de 3 millions de dollars de MacRab. Cet accès au capital soutiendra le développement final et le lancement de la VuMe Super app de la société, une plateforme complète intégrant communication, divertissement, réseaux sociaux, e-commerce et services financiers. Le financement aidera également à réduire la dette de l'entreprise et à renforcer le bilan, alors que la société vise une cotation sur une grande bourse américaine.
TPT Global Tech (OTC PINK:TPTW) gibt die Wirksamkeit der nachträglichen Änderung des Formulars S-1 bekannt und aktiviert ein Standby-Eigenkapitalengagement von 3 Millionen Dollar von MacRab. Dieser Kapitalzugang wird die finale Entwicklung und den Start der VuMe Super App des Unternehmens unterstützen, einer umfassenden Plattform, die Kommunikation, Unterhaltung, soziale Medien, E-Commerce und Finanzdienstleistungen integriert. Die Finanzierung wird auch dazu beitragen, die Unternehmensschulden zu reduzieren und die Bilanz zu stärken, während das Unternehmen eine Notierung an einer wichtigen US-Börse anstrebt.
- Secured $3 million standby equity commitment
- Access to immediate capital for VuMe Super app development
- Potential debt reduction improving balance sheet
- Working towards uplisting to major US stock exchange
- Potential shareholder dilution from equity commitment
Will Help Pave the Way for Launch of VuMe Super App
SAN DIEGO, CA / ACCESSWIRE / October 25, 2024 / TPT Global Tech, Inc. (OTC PINK:TPTW), a leader in innovative technology and telecommunications solutions, is pleased to announce that the Form S-1 Post-Effective Amendment related to the company's
The standby equity commitment provides TPT with immediate access to capital to accelerate the final development phase and rollout of VuMe, the company's groundbreaking Super app designed to integrate communication, entertainment, social media, e-commerce, and financial services into a single, comprehensive platform.
Stephen Thomas, CEO of TPT, explained the process and its significance: "The Form S-1 Post-Effective Amendment becoming effective was an essential step to ensure full financial transparency in our filings. We now have additional access to capital, which will help drive the launch of the VuMe Super App. This financing will also help us reduce corporate debt and strengthen our balance sheet as we continue towards our goal of uplisting to a Major US Stock Exchange."
About TPT Global Tech
TPT Global Tech, Inc. is a technology holding company based in San Diego, California. It was formed as the successor of two U.S. corporations, Ally Pharma US and TPT Global, Inc. The Company operates in various sectors including media, telecommunications, Smart City Real Estate Development, and the launch of the first super App, VuMe Live technology platform.
As a media content delivery hub, TPT Global Tech utilizes its own proprietary global digital media TV and telecommunications infrastructure platform. They offer software as a service (SaaS), technology platform as a service (PAAS), and cloud-based unified communication as a service (UCaaS) solutions to businesses worldwide. Their UCaaS services enable businesses of all sizes to access the latest voice, data, media, and collaboration features.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of various provisions of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Specifically, statements about the Company's plans for accelerated growth, improved profitability, future business partners, M&A activity, new service offerings, and pursuit of new markets are forward-looking statements. Although the company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Such forward-looking statements should not be construed as fact. The information contained in such statements is beyond the ability of the Company to control, and in many cases, the Company cannot predict what factors would cause results to differ materially from those indicated in such statements. All forward-looking statements in the press release are expressly qualified by these cautionary statements and by reference to the underlying assumptions.
For more information about TPT Global Tech and its subsidiaries, please visit www.tptglobaltech.com.
For media or Investment inquiries, please contact: Rick@tptglobaltech.com
SOURCE: TPT Global Tech, Inc
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