Business
TPT Global Tech's Subsidiary Completes Merger to Tap Into "Culture is the New Technology(TM)"
TPT Global Tech's Subsidiary Completes Merger to Tap Into "Culture is the New Technology(TM)".
About this update from Tpt Global Tech, Inc.
[{"type":"text","content":"A Global Marketplace Vision by Urban Icon™ SAN DIEGO, CA / ACCESSWIRE / July 25, 2024 / TPT Global Tech (OTC Pink:TPTW) announces today that its subsidiary, TPT Strategic (INOQ), has entered into a strategic merger acquisition with Urban Icon™ (UI), a Holding Company acquiring FutureTech™ companies that understand the power of social impact, technological and cultural innovation.UI's general mandate crosses multiple industries including Fintech, Electric Mobility, AI and Blockchain driven products, including a Global 360 Health Initiative (physical, mental, environmental, and finance health) that supports the social and economic growth of the New Urban™ markets. The Company has already identified several investment opportunities and has executed several LOI's with strong leadership teams, assets, and revenue strategies.As part of the merger, the stock symbol will change from INOQ to NURB (NewUrban™). Urban Icon Holdings will gain a majority interest, while TPT Global will hold a minority position in the new offering.In addition, the merger gives TPT access to Urban Icon's social media and entertainment market expertise to assist in the development, partnerships and marketing of the VüMe super app. This integration aims to enhance VüMe's capabilities, offering a comprehensive range of services and solutions across various industries, thus expanding its user base and increasing its societal impact while driving revenue for both companies on a global scale."We are thrilled to merge TPT Strategic with Urban Icon™, which shares our vision of driving social impact through technological innovation," said Stephen J. Thomas III, CEO of TPT Global Tech. "This merger not only broadens our technological capabilities but also reinforces our commitment to supporting diverse entrepreneurs and integrating impactful tech solutions into our VüMe super app and at the same time increasing our technology IP and shareholders' equity".For more information or details on the TPT Strategic and Urban Icon™ strategic Merger acquisition individuals can go to the TPT Global tech's 8k filing with SEC or TPT Global Tech website.About Urban Icon Int'l Holdings :"Culture is the New Technology™" is the ongoing mantra and values proposition of the Company. UI's Board of Di...