TPT Global Tech Inc. (OTC:TPTW) Stocks On Radar After A Major Development

Having come into sharp focus this past Friday, the TPT Global Tech Inc. (OTC:TPTW) stock is expected to continue to be on the radars of investors this morning. In such a situation, it could be a good move for investors to consider taking a closer look at the announcement made last Friday.

New Equity Commitment

On October 25, TPT Global Tech announced the filing of a Form S-1 Post-Effective Amendment with regards to the standby equity commitment from MacRab LLC worth $300,000. In the news release, the company noted that after the amendment became effective, it was now possible for the company to dip into the new capital. The availability of fresh capital would make it possible for the company to move forward with its strategic programs, like the imminent launch of the VuMe Super app.

Further Information

One of the more important things to keep in mind with regards to the amendment to the standby equity commitment is the fact that TPT Global Tech would immediately get access to the fresh capital. The funds would be crucial as the company continued to work on the launch of its path-breaking super app.

VuMe would not only integrate social media and e-commerce but also offer entertainment, communication, and financial services to the users. It could be a good time to add the TPT Global Tech stock to your watch lists.

Management Quote

Stephen Thomas, CEO of TPT, explained the process and its significance: “The Form S-1 post-effective amendment becoming effective was an essential step to ensure full financial transparency in our filings. We now have additional access to capital, which will help drive the launch of the VuMe Super App. This financing will also help us reduce corporate debt and strengthen our balance sheet as we continue towards our goal of uplisting to a major US stock exchange.”