Business
Southern Plains Oil Corp. Enters Into A Merger Agreement with InnovaQor Inc. A Subsidiary of TPT Global Tech Inc.
Southern Plains Oil Corp. Enters Into A Merger Agreement with InnovaQor Inc. A Subsidiary of TPT Global Tech Inc..
About this update from Tpt Global Tech, Inc.
[{"type":"text","content":"DENVER, CO / ACCESSWIRE / July 23, 2020 / Southern Plains Oil Corp. ("SPLN, the Company or Southern Plains Oil Corp") (SPLN) announced today that the company has entered into a Merger Agreement with the publicly traded company TPT Global Tech and its subsidiary InnovaQor (OTCQB:TPTW). Subject to closing conditions which are primarily consents and approvals from SPLN's Board of Directors, the SPLN Merger moves TPT Global Tech and InnovaQor one step closer to completing the recently executed Asset Purchase Agreement with Rennova Health Inc. a Florida based company. The Merger Agreement when closed, also positions InnovaQor to trade on the OTC Market Exchange once the closing conditions are met, merger is completed, and TPT Global Tech and InnovaQor file for a name change, new trading symbol and receive final approval from the FINRA. Southern Plains Corp will also execute a 20 to 1 reverse split of its common shares before entering into the agreement with TPT Global Tech Inc.TPT Global Tech entered into an agreement with Rennova Health, Inc. ("Rennova Health") to merge Rennova Health's software and genetic testing interpretation divisions, Health Technology Solutions, Inc. ("HTS") and Advanced Molecular Services Group, Inc., ("AMSG") into a public company target, which target is now intended to be the merged companies of InnovaQor and Southern Plains Oil Corp. InnovaQor and SPLN have no current operating activity and prior to a licensing agreement being signed with TPTW, no significant assets or liabilities.TPT Global Tech recently signed a Software Licensing Agreement with InnovaQor which allows InnovaQor to utilize features from TPTW's TV and Social Media platform "Viewme Live". InnovaQor will incorporate streaming features with the two proprietary Rennova Health technology platforms or Laboratory Information System ("LIS") for a Telemedicine application.About TPT Global TechTPT 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 Communi...