Attached files
file | filename |
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EX-99.1 - PRESS RELEASE - TPT GLOBAL TECH, INC. | tptw_ex991.htm |
EX-10.1 - ACQUISITION AND PURCHASE AGREEMENT - TPT GLOBAL TECH, INC. | tptw_wx101.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of
1934
Date of Report: March 6, 2020
TPT Global Tech, Inc.
(Exact name of registrant as specified in its charter)
Florida
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333-222094
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81-3903357
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(IRS
Employer Identification Number)
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501 West Broadway, Suite 800, San Diego, CA 92101
(Address of Principal Executive Offices) (Zip Code)
(619)301-4200
Registrant's telephone number, including area code
(Former name or former address, if changed since last
report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
[
] Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)
[
] Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)
[
] Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))
[
] Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))
Securities
registered pursuant to Section 12(b) of the Act:
None
Title
of each Class
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Trading
Symbol
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Name of
each exchange on which registered
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N/A
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N/A
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N/A
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Indicate
by check mark whether the registrant is an emerging growth company
as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of
1934 (§240.12b-2 of this chapter)
Emerging Growth Company ☒
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended
transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the
Exchange Act. ☐
Item 1.01 Entry into a Material Definitive Agreement
On March 6, 2020, TPT Global Tech, Inc. (“the Company”)
executed an Acquisition and Purchase Agreement
(“Agreement”) dated March 6, 2020 with Bridge Internet,
LLC (“Bridge Internet”), a Delaware Limited Liability
Company. A copy of the Acquisition and Purchase Agreement is
attached hereto in its entirety as Exhibit 10.1.
The Company acquired 75% of Bridge Internet for 8,000,000 shares of
common stock of TPT Global Tech, Inc., 4,000,000 common shares
issued to Sydney “Trip” Camper immediately and
4,000,000 common shares which vest equally over two years. As
sufficient funding is raised by the Company, defined as
approximately $3,000,000, marketing funds of up to $200,000 per
quarter for the next year from date of signing Agreement will be
provided. Tower industry Veteran, Founder and CEO of Bridge
Internet, Sydney “Trip” Camper, will retain the
remaining 25% of Bridge Internet and stay on as the CEO, as well as
become the acting CEO of TPT Speed Connect LLC, the Company’s
wholly owned subsidiary TPT SpeedConnect, LLC. A formal employment
agreement and biographical information for Sydney
“Trip” Camper will be filed in a separate Form 8-K once
completed.
Bridge Internet offers a Joint Venture (JV) business model to
Municipalities, Cooperatives and Individual Territory Owners
throughout the United States. It currently has no revenues. As a
territorial, duplicatable, wireless internet service provider, this
is a unique opportunity for potential JV partners to join an
incredible revenue sharing business model. It is very easy for
Municipalities, Cooperatives or Individual Owners to start JV
businesses with Bridge Internet to provide their communities with
state-of-the-art High-Speed Internet, Voice and IPTV services. The
internet is a commodity many take for granted but for those with
limited access every day is an unnecessary struggle. With millions
of rural Americans struggling to find a reliable internet provider,
Bridge Internet will help make a difference in people’s lives
by providing access to online classes, healthcare, news and
entertainment.
Item 2.03 Creation of Direct Financial Obligation or an Obligation
under an Off-Balance Sheet Arrangement of a Registrant
The disclosures under Item 1.01 of this Current Report on Form
8-K.
Item 7.01 Regulation FD Disclosure.
Press Release
The information in this Item 7.01 of this Current Report is
furnished pursuant to Item 7.01 and shall not be deemed "filed" for
any purpose, including for the purposes of Section 18 of the
Exchange Act, or otherwise subject to the liabilities of that
Section. The information in this Current Report on Form 8-K shall
not be deemed incorporated by reference into any filing under the
Securities Act or the Exchange Act regardless of any general
incorporation language in such filing.
On March 18, 2020, the Company issued a press release. A copy of
the press release is attached hereto as Exhibit 99.1.
Item 9.01 Exhibits
The following exhibits are filed with this report on Form
8-K.
Exhibit Number
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Exhibit
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Acquisition and
Purchase Agreement dated March 6, 2020
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Press Release dated
March 17, 2020
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this Report to be signed on
its behalf by the undersigned, hereunto duly
authorized.
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TPT
GLOBAL TECH, INC.
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Date: March
19, 2020
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By:
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/s/ Stephen
J. Thomas, III
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Stephen
J. Thomas, III
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Title:
Chief
Executive Officer
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