Help pave the way for the launch of the 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, has filed a proposed Form S-1 Subsequent Amendment related to: We are pleased to announce that. The Company has received a $3,000,000 standby equity commitment from MacRab LLC (“MacRab”). With this amendment in effect, TPT Global Tech will have access to new capital to advance the company’s strategic initiatives, including the upcoming release of the VuMe Super app.
The standby equity commitment provides TPT with immediate access to capital to accelerate the final development stages and deployment of VuMe. VuMe is the company’s groundbreaking super app designed to unify communications, entertainment, social media, e-commerce, and financial services into a single, comprehensive platform. .
TPT CEO Stephen Thomas explained the process and its importance: “The entry into force of the Form S-1 Post-Effective Amendments was an essential step to ensure full financial transparency in our filings. We now have greater access to capital. This will be a great help as we move forward with the launch of the VuMe Super App and continue to reduce corporate debt and strengthen our balance sheet towards our goal of listing on a major US stock exchange. It is also helpful. ”
About TPT Global Tech
TPT Global Tech, Inc. is a technology holding company based in San Diego, California. The company was founded as the successor to two US companies, 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 its first super app, the VuMe Live technology platform. .
TPT Global Tech leverages a unique global digital media TV and communications infrastructure platform as a media content distribution hub. The company provides software as a service (SaaS), technology platform as a service (PAAS), and cloud-based unified communications as a service (UCaaS) solutions to enterprises around the world. The company’s UCaaS services give businesses of all sizes access to the latest voice, data, media, and collaboration capabilities.
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, which generally include “believes,” “forward-looking statements,” and “forward-looking statements.” ”, “anticipates”, and “forward-looking” terms. “estimated” and other terms of similar meaning. Specifically, statements regarding our plans to accelerate growth, improve profitability, future business partners, M&A activities, offer new services and pursue new markets are forward-looking statements. Although the Company believes that the assumptions underlying its forward-looking statements are reasonable, there can be no assurance that these assumptions will prove to be correct. Such forward-looking statements should not be construed as facts. The information contained in such statements is beyond our control, and in many cases we cannot predict what factors could cause results to differ materially from those indicated in such statements. . All forward-looking statements in this press release are expressly qualified by reference to these cautionary statements and underlying assumptions.
For more information about TPT Global Tech and its subsidiaries, please visit www.tptglobaltech.com.
For media or investment inquiries, please contact: [email protected]
Source: TPT Global Tech Co., Ltd.
