Tpt Global Tech Stock Price, News & Analysis

TPT Global Tech (OTC PINK:TPTW) has announced the effectiveness of its Post Effective Amendment Form S-1 related to a $3,000,000 Standby Equity Commitment Agreement with MACRAB, This agreement provides the company with access to weekly financing tranches for up to 24 months, supporting its growth initiatives and the launch of the VuMe Super App. The app aims to integrate digital services like social media, multimedia streaming, and mobile payments into a single platform. CEO Stephen Thomas highlighted that this agreement reflects partners' confidence in the company's vision and provides financial flexibility to accelerate the VuMe Super App development. The financing is expected to help reduce the company's debt burden and manage cash flows while pursuing strategic objectives in the telecommunications and technology sectors.

TPT Global Tech (OTC PINK:TPTW) is exploring the addition of a global sports betting feature to its VüMe Super App. This initiative aims to tap into the thriving online gambling market, projected to reach $100.9 billion in 2024 and $153.57 billion by 2030. The feature would allow users to watch live sports, interact with the community, and place bets in real-time, all within one app.

The company expects this integration to enhance user engagement, increase app usage, and open up new revenue streams through betting commissions and partnerships. It also aims to boost user retention and loyalty by providing unique value propositions. TPT Global Tech believes this feature will set VüMe apart from other super apps, attracting new users and fostering a vibrant community of sports enthusiasts.

TPT Global Tech announced that its $3,000,000 Standby Equity Commitment Agreement with MACRAB is now effective with the SEC. This agreement grants TPTW access to weekly financing tranches for up to 24 months, supporting the launch of its VüMe Super App, which integrates social media, multimedia streaming, and mobile payments. The company aims to strengthen its financial position, reduce debt, and accelerate its growth initiatives. CEO Stephen Thomas highlighted the agreement as a testament to the partners' confidence and the company's strategic direction.

TPT Global Tech and its subsidiary TPT Speedconnect have signed a Release and Settlement Agreement with American Tower, resolving disputes over telecommunications tower leases and licenses. Effective June 25, 2024, the agreement includes American Tower terminating 51 licenses and reaffirming 11. TPT Global Tech will make a $1,085,000 settlement payment covering rent, attorney fees, and tower removal costs, which may add up to an additional $1,000,000. A Confession of Judgment has been agreed upon for any unpaid amounts up to $2,085,000 by December 31, 2024. This settlement will be funded by proceeds from the company's securities issuance. CEO Stephen Thomas remarked the agreement is a positive step forward, helping to reduce the company's debt.

TPT Global Tech has filed a $3,000,000 equity financing agreement with the SEC to support the launch of its VüMe Super App and strengthen its financial position. The financing, structured under a Standby Equity Commitment Agreement with MACRAB, , extends for up to 24 months, providing a reliable source of capital. This funding will fuel the company's growth initiatives while reducing its debt burden. The VüMe Super App aims to integrate digital services, including social media, multimedia streaming, and mobile payments, into one platform. The equity financing will also enhance TPT Global Tech's financial structure by registering common shares with the SEC to ensure transparency. CEO Stephen Thomas emphasized that this agreement reflects confidence in the company's vision and strategic direction, enabling financial flexibility and sustainable growth.

TPT Global Tech (OTC PINK:TPTW) will broadcast the 'Walking in Faith Overcoming Fear' 1st Annual 2-Day Amateur Boxing Tournament live on its VuMe Live PPV platform. The event, featuring top amateur boxers and members of the U.S. Jr. Olympic Boxing Team, will be held on June 1 and 2, 2024, in Grand Prairie, Texas. Fans can watch the tournament live for $14.99 on www.vumeliveppv.com. This initiative aligns with TPT Global Tech's mission to support amateur boxing and provide global access to sporting events through technology. Roy Foreman, President of TPT Media and Entertainment Boxing Division, emphasized the commitment to delivering high-quality live sports content. CEO Stephen J. Thomas III highlighted the effort to bring premier events to a global audience.

TPT Global Tech's subsidiary, Blue Collar Productions, will premiere its award-winning documentary, Women In Fashion: 100 Years of Design, on Amazon Prime Video in the US and UK on May 31, 2024. The documentary, directed by Julie Rowen, features interviews with iconic women designers such as Diane Von Furstenberg, Donna Karan, and Carolina Herrera. The film explores the evolution of fashion and the shift towards sustainability.

Blue Collar Productions is expanding into original content, developing unscripted series and biopics. Their upcoming projects include documentaries on Marvin Gaye, Mickey Mantle, and current cults. CEO Stephen J. Thomas III highlighted the strategic positioning of Blue Collar to monetize original content through platforms like Amazon Prime Video and their own VüMe platform.

TPT Global Tech has filed its 10Q to regain compliance with the SEC and OTC Markets. Headquartered in San Diego, TPTW is a leader in technological innovations. The company is now compliant with SEC regulations for 2024, which allows it to focus on core business activities and the launch of its VuMe Platform, as stated by CEO Stephen Thomas.

TPT Global Tech (OTC: TPTW) announced that reggae artist Nigy Boy will perform live at Nation Lawn Stadium in Grenada on May 24, 2024. The event will be streamed globally via VuMe Live PPV. Fans can access the performance for $14.99 on www.vumeliveppv.com starting at 9 PM EDT. Rising star Little Jello will also perform, adding to the excitement. This initiative aims to provide an immersive experience for reggae fans worldwide.