Requests OTC QB Listing, Plans Reg A Offer
ATLANTA, GA -- January
17, 2023 -- InvestorsHub NewsWire -- THUNDER ENERGIES CORP
TNRG) announces that it has applied to be listed and
participate in the OTC Markets venture capital link software,
OTCQB. The company added that the current reports the company has filed with
the SEC have remedied delinquent Securities and Exchange Commission
10Q reports for 2022 and the annual 10K report for 2021, all
prepared by the professional auditing firm of Paris Kreit &
Chiu CPA as independent outside auditors and SEC registered
company must meet the minimum
standards for listing on the
OTCQB system, commonly referred to as the Venture Market
medium size businesses. The management of TNRG believes it
substantially complies with market requirements including minimum
trading value and the number of shareholders.
"This is an important
step in the removal of restrictions on the full trading of TNRG's common
stock," Ric Haynes, TNRG president explained. The long-term goal of
management was to fully restore TNRG's trading status. However, the
stock is still restricted as a pink sheet stock with only certain
accredited investors allowed to purchase the security. Restrictions
are less onerous with the venture market OTCQB listing,
In addition, the company
has announced it is filing a Regulation A offering for
Haynes, Thunder Energies'
president, added that the uplist application will be just one of
several actions company management intends to take in the next few
months to increase the company's value.
"We can now move forward with the issuance of
common stock through a Regulation A offering as well as other
channels. The OTCQB application is a major accomplishment that will
be able to, without a doubt, increase the company's balance sheet
and stock market value.
"Thank you to our company
managers who have devoted hundreds of hours toward achieving these
goals," Haynes said, explaining that the compliance goal could not
have been met without company management actively guiding the
process over the past several months.
For more information
about Thunder Energies, its SEC filings, and business activities,
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.
Keer, P.E., Esq.