TPT Global Tech [OTCQB:TPTW] Files 8k Disclosing Authorization of Additional Shares In Anticipation of Future Funding Round for Goal of Uplisting to Major Exchange and to Meet Warrant Commitments
TPT Global Tech (OTCQB:TPTW) announced on February 14, 2021, the filing of an 8-K revealing authorization for an additional 1 billion common shares. This move positions the company for future funding aimed at uplisting to a major US stock exchange and meeting warrant commitments. The newly authorized shares are currently held in corporate treasury and have not been issued. TPT Global Tech specializes in technology solutions spanning telecommunications, medical technology, and SaaS offerings.
- Authorization of an additional 1 billion common shares can facilitate future funding.
- Plans to uplist to a major US stock exchange indicate potential for increased investor interest.
- The authorization of additional shares could lead to shareholder dilution if issued.
- No immediate financial metrics or details on the impact of future funding were provided.
SAN DIEGO, CA / ACCESSWIRE / February 15, 2022 / TPT Global Tech, Inc. ("TPTW or the Company") (OTCQB:TPTW) announced today that the company Filed a 8k on February 14, 2021 disclosing authorization of an additional 1 billion common shares to be held in corporate treasury. The authorization of additional common shares puts the company in position for future funding as part of the Company's goal of uplisting onto a major US stock exchange and to meet warrant commitments. These newly authorized shares held in Treasury have not been issued to anyone.
About TPT Global Tech
TPT Global Tech Inc. (TPTW) based in San Diego, California, is a technology-based company with divisions providing telecommunications, medical technology and product distribution, media content for domestic and international syndication as well as technology solutions. TPT Global Tech offers Software as a Service (SaaS), Technology Platform as a Service (PAAS), Cloud-based Unified Communication as a Service (UCaaS). It offers carrier-grade performance and support for businesses over its private IP MPLS fiber and wireless network in the United States. TPT's cloud-based UCaaS services allow businesses of any size to enjoy all the latest voice, data, media and collaboration features in today's global technology markets. TPT Global Tech also operates as a Master Distributor for Nationwide Mobile Virtual Network Operators (MVNO) and Independent Sales Organization (ISO) as a Master Distributor for Pre-Paid Cell phone services, Mobile phones Cell phone Accessories, and Global Roaming Cell phones.
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.
PR-Shep Doniger
sdoniger@bdcginc.com
561-637-5750
IR-Frank Benedetto
619-915-9422
SOURCE: TPT Global Tech, Inc.
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FAQ
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