Business
TPT Global Tech Files 8-K, Announces Postponement of Reverse Stock Split
TPT Global Tech Files 8-K, Announces Postponement of Reverse Stock Split.
About this update from Tpt Global Tech, Inc.
[{"type":"text","content":"SAN DIEGO, CALIFORNIA / ACCESS Newswire / March 10, 2025 / TPT Global Tech, Inc. (OTC PINK:TPTW) announced today that it has filed a Form 8-K with the Securities and Exchange Commission (SEC), disclosing the company's decision to postpone its previously announced reverse stock split. This decision reflects the company's ongoing assessment of market conditions and its commitment to executing a strategy that maximizes shareholder value."We believe this decision allows us to better align with current market dynamics and position the company for long-term success," said Stephen J. Thomas III, CEO of TPT Global Tech. "Our focus remains on driving growth and executing key strategic initiatives."TPT Global Tech will continue to evaluate market conditions and provide updates as necessary.About TPT Global Tech, Inc.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, VüMe 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 StatementsThis 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 ...