TNRG Signs Reg A
Offering Agreement
ATLANTA, GA -- February
3, 2023 -- InvestorsHub NewsWire -- THUNDER ENERGIES
CORP (OTCBB:
TNRG)
announces that it has executed an agreement this week with Dalmore
Group, a broker-dealer, New York, NY, regarding the company's Reg A
Offering.
Terms and provisions of
the agreement were not released. Dalmore will be assisting TNRG
with the FINRA broker-dealer letter required as part of the Reg A
offering process.
As a broker-dealer, Dalmore is widely
acknowledged to be a leading financial firm. They cite a client
roster on their website that shows they are providing broker dealer
services to hundreds of public company entities with Reg A
Offerings.
TNRG's proposed offering
is 15 million common shares at $5 each, for a total of $75 million
– the maximum allowed under a Tier II SEC Reg A offering. The
offering will be open, per SEC guidelines, for 12 months once it is
qualified. Net proceeds to Thunder Energy are anticipated to be
slightly more than $71 million if the offering is fully subscribed.
Securities may be sold by the company, as issuer, or by licensed
underwriters, or broker-dealers, such as Dalmore.
The filing of the Reg A
Offering text is available at this link.
Ric Haynes, TNRG
President, stated the agreement is just one of many steps that TNRG
is taking to execute on its new business plan. Haynes, and other
members of the new leadership took control of TNRG in April of
2022. Since then, the company has executed agreements for $40
million in cryptocurrency assets; for development of a
multimillion-dollar mineral property with substantial reserves in
Nevada; and, entered into an agreement and marketing partnership
with the WNBA team owned by Mark Davis, the Las Vegas Aces.
Additionally, it has:
-
Brought TNRG into full
compliance on SEC required financial reporting, with all filings
audited by its independent public accountants.
-
Announced the planned
uplisting of the stock from pink sheets to OTCQB.
-
Filed a Reg A Offering
for $75 million, as stated above.
-
Anticipates a major debt
issuance that its Ohio-based bond counsel is preparing.
"TNRG is now the
proverbial rock rolling down a hillside," Haynes said, "and the
public investor community will see that – just like the rock – our
momentum is increasing.
This announcement does
not supersede or otherwise alter or modify the Reg A filing. The
company intends for proceeds to be used for general corporate
purposes. Please refer to the filing and issuing prospectus for
complete information.
For more information
about Thunder Energies, its SEC filings, and business activities,
please visit: www.thunderenergiescorp.com
Contents of this press
release are provided for general information purposes only and do
not constitute an offer to sell or a solicitation of an offer to
buy any security of Thunder Energies Corporation ("TNRG") or its
affiliates ("Security") in any jurisdiction. TNRG does not intend
to solicit and IS not soliciting, any action with respect to any
Security or any other contractual relationship with TNRG. Nothing
in this press release or the Contents thereof, individually or
taken in the aggregate, constitutes an offer of securities for sale
or a solicitation of an offer to buy any security in the United
States, the United Kingdom, Hong Kong, Singapore or Japan or to US
persons, or in any other jurisdiction in which such an offer or
solicitation is unlawful.
Safe Harbor Act: This
release includes forward-looking statements made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995 that involves risks and uncertainties including, but
not limited to, the impact of competitive products, the ability to
meet customer demand, the ability to manage growth, acquisitions of
technology, equipment, or human resources, the effect of economic
business conditions, and the ability to attract and retain skilled
personnel. The Company is not obligated to revise or update any
forward-looking statements to reflect events or circumstances that
may arise after the date of this release.
CONTACT
Investor
Relations
Rick Freeman
CMO
MAJORMEDIA INC
E: majormediasales@comcast.net
P:
570.468.2205
Donald R.
Keer, P.E., Esq.
Corporate
Counsel
Thunder
Energies Corp.
3663
Greenwood Circle
Chalfont,
PA 18914
215-962-9378