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TPT GLOBAL TECH Subsidiary InnovaQor Enters Into a Merger Agreement with a Public Company - Southern Plains Oil Corp
TPT GLOBAL TECH Subsidiary InnovaQor Enters Into a Merger Agreement with a Public Company - Southern Plains Oil Corp.
About this update from Tpt Global Tech, Inc.
[{"type":"text","content":"SAN DIEGO, CA / ACCESSWIRE / July 22, 2020 / TPT Global Tech, Inc. ("TPTW, the Company or TPT Global Tech") (OTCQB:TPTW) announced today that its wholly owned subsidiary InnovaQor, Inc. ("InnovaQor") has entered into a Merger Agreement with the publicly traded company Southern Plains Oil Corp. (OTCQB:SPLN). Subject to closing conditions which are primarily consents and approvals from SPLN's Board of Directors, the SPLN Merger moves the Company's subsidiary 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.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."It is very exciting that one of our subsidiaries is in position to become a publicly traded company which benefits our TPTW Shareholders. It is equally exciting that with the Merger Agreement of InnovaQor with Southern Plains Oil Corp., we can now focus on closing the Rennova Health Asset Purchase Agreement. This will allow us to move closer to the release of both "Viewme Live" and our stand-alone LIS platform to deliver a state-of-the-art Mobile Telemedicine platform, and capitalize on the Ren...