TPT Global Tech Set to Now Access $3,000,000 USD Standby Equity Commitment
TPT Global Tech (OTC PINK:TPTW) has announced the effectiveness of its Post Effective Amendment Form S-1 related to a $3,000,000 Standby Equity Commitment Agreement with MACRAB, This agreement provides the company with access to weekly financing tranches for up to 24 months, supporting its growth initiatives and the launch of the VuMe Super App. The app aims to integrate digital services like social media, multimedia streaming, and mobile payments into a single platform. CEO Stephen Thomas highlighted that this agreement reflects partners' confidence in the company's vision and provides financial flexibility to accelerate the VuMe Super App development. The financing is expected to help reduce the company's debt burden and manage cash flows while pursuing strategic objectives in the telecommunications and technology sectors.
TPT Global Tech (OTC PINK:TPTW) ha annunciato l'efficacia della sua Modifica Post Efficace del Modulo S-1 relativa a un Accordo di Impegno di Capitale di Emergenza da $3.000.000 con MACRAB. Questo accordo offre all'azienda accesso a tranche di finanziamento settimanali per un massimo di 24 mesi, supportando le sue iniziative di crescita e il lancio dell'App VuMe Super. L'app mira a integrare servizi digitali come social media, streaming multimediale e pagamenti mobili in un'unica piattaforma. Il CEO Stephen Thomas ha sottolineato che questo accordo riflette la fiducia dei partner nella visione dell'azienda e offre flessibilità finanziaria per accelerare lo sviluppo dell'App VuMe Super. Il finanziamento si prevede contribuirà a ridurre il debito dell'azienda e gestire i flussi di cassa mentre persegue obiettivi strategici nei settori delle telecomunicazioni e della tecnologia.
TPT Global Tech (OTC PINK:TPTW) ha anunciado la efectividad de su Modificación Posterior Efectiva del Formulario S-1 relacionado con un Acuerdo de Compromiso de Capital de Emergencia de $3,000,000 con MACRAB. Este acuerdo otorga a la empresa acceso a tramos de financiamiento semanales por hasta 24 meses, apoyando sus iniciativas de crecimiento y el lanzamiento de la Aplicación VuMe Super. La aplicación tiene como objetivo integrar servicios digitales como redes sociales, transmisión multimedia y pagos móviles en una única plataforma. El CEO Stephen Thomas destacó que este acuerdo refleja la confianza de los socios en la visión de la empresa y proporciona flexibilidad financiera para acelerar el desarrollo de la Aplicación VuMe Super. Se espera que el financiamiento ayude a reducir la carga de deuda de la empresa y a gestionar los flujos de efectivo mientras persigue objetivos estratégicos en los sectores de telecomunicaciones y tecnología.
TPT Global Tech (OTC PINK:TPTW)는 MACRAB와 맺은 $3,000,000 대기 자본 약정과 관련하여 S-1 수정 사항의 효력을 발표했습니다. 이 계약은 회사에 24개월 동안 주간 자금 분할금에 접근할 수 있도록 하여 성장 이니셔티브와 VuMe 슈퍼 앱의 출시를 지원합니다. 이 앱은 소셜 미디어, 멀티미디어 스트리밍 및 모바일 결제와 같은 디지털 서비스를 단일 플랫폼으로 통합하는 것을 목표로 하고 있습니다. CEO 스티븐 토마스는 이 계약이 회사의 비전에 대한 파트너들의 신뢰를 반영하며 VuMe 슈퍼 앱 개발을 가속화할 수 있는 재정적 유연성을 제공한다고 강조했습니다. 이 자금 조달은 회사의 부채 부담을 줄이는 데 도움이 되고, 통신 및 기술 분야에서 전략적 목표를 추구하면서 현금 흐름을 관리하는 데 기여할 것으로 예상됩니다.
TPT Global Tech (OTC PINK:TPTW) a annoncé l'efficacité de son Modèle de Modification Post-Efficace S-1 lié à un Accord de Engagement de Capital d'Urgence de 3 000 000 $ avec MACRAB. Cet accord offre à l'entreprise un accès à des tranches de financement hebdomadaires pour une durée maximale de 24 mois, soutenant ses initiatives de croissance et le lancement de l'Application VuMe Super. L'application vise à intégrer des services numériques tels que les réseaux sociaux, le streaming multimédia et les paiements mobiles sur une seule plateforme. Le PDG Stephen Thomas a souligné que cet accord reflète la confiance des partenaires dans la vision de l'entreprise et offre une flexibilité financière pour accélérer le développement de l'Application VuMe Super. Le financement devrait aider à réduire le fardeau de la dette de l'entreprise et à gérer les flux de trésorerie tout en poursuivant des objectifs stratégiques dans les secteurs des télécommunications et de la technologie.
TPT Global Tech (OTC PINK:TPTW) hat die Wirksamkeit seiner Nachträglichen Änderungsanmeldung des Formulars S-1 im Zusammenhang mit einem $3.000.000 Standby-Eigenkapital-Verpflichtungsvereinbarung mit MACRAB bekannt gegeben. Diese Vereinbarung ermöglicht dem Unternehmen den Zugang zu wöchentlichen Finanzierungsraten für bis zu 24 Monate und unterstützt seine Wachstumsinitiativen sowie den Start der VuMe Super App. Die App zielt darauf ab, digitale Dienstleistungen wie soziale Medien, Multimedia-Streaming und mobile Zahlungen auf einer einzigen Plattform zu integrieren. CEO Stephen Thomas betonte, dass diese Vereinbarung das Vertrauen der Partner in die Vision des Unternehmens widerspiegelt und finanzielle Flexibilität bietet, um die Entwicklung der VuMe Super App zu beschleunigen. Die Finanzierung wird voraussichtlich dazu beitragen, die Schuldenlast des Unternehmens zu reduzieren und den Cashflow zu steuern, während strategische Ziele in den Bereichen Telekommunikation und Technologie verfolgt werden.
- Access to $3,000,000 Standby Equity Commitment for growth initiatives
- Weekly financing tranches available for up to 24 months
- Potential debt reduction through the new financing arrangement
- Development and launch of the innovative VuMe Super App
- Potential shareholder dilution due to equity-based financing
The company's Post Effective Amendment Form S-1 goes Effective with the SEC
SAN DIEGO, CA / ACCESSWIRE / July 24, 2024 / TPT Global Tech, Inc. (OTC PINK:TPTW) (www.tptglobaltech.com, the "Company"), a leading innovator in the telecommunications and technology industries, is pleased to announce the effectiveness of its Post Effectibe Amendment Form S-1 related to a
This financing arrangement, extending for up to 24 months, provides TPT Global Tech with capital to support its growth initiatives and the launch of the innovative VuMe Super App. The VuMe Super App aims to integrate digital services such as social media, multimedia streaming, and mobile payment options into a single, seamless user experience. Additionally, it is expected to help reduce the Company's debt burden.
Stephen Thomas, CEO of TPT Global Tech, commented, "We believe this Standby Equity Commitment Agreement reflects our partners' confidence in TPT Global Tech's vision and strategic direction. With access to weekly financing tranches, we have the financial flexibility to accelerate the development and launch of our VuMe Super App, a platform we believe will redefine user engagement across multiple digital services.
The Standby Equity Commitment Agreement helps TPT Global Tech manage its cash flows while pursuing its strategic objectives. This financing underscores TPT Global Tech's dedication to innovation and excellence in the telecommunications and technology sectors.
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.tptgloabltech.com.
For media or Investment inquiries, please contact: Rick@tptglobaltech.com
SOURCE: TPT Global Tech, Inc.
View the original press release on accesswire.com
FAQ
What is the value of TPT Global Tech's new Standby Equity Commitment Agreement?
How long will TPT Global Tech have access to the financing tranches?
What is the main purpose of the VuMe Super App being developed by TPT Global Tech?
How does TPT Global Tech plan to use the funds from the Standby Equity Commitment Agreement?
