Current Report Filing (8-k)
October 27 2021 - 12:25PM
Edgar (US Regulatory)
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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: October 18, 2021
TPT Global Tech, Inc.
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(Exact name of
registrant as specified in its charter)
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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 921101
(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 1.02 Termination of a Material Definitive
Agreement
A lawsuit was filed in Michigan by the one of the former owners of
SpeedConnect, LLC, John Ogren. Mr. Ogren claimed he was owed back
wages related to the acquisition agreement wherein the Company
acquired the assets of SpeedConnect, LLC and kept him on through a
consulting agreement. The Company’s position was that he ultimately
resigned in writing and was not due any back wages. In August 2021,
Mr. Ogren was awarded $334,908 in back wages by an Arbitrator. This
amount was included in accounts payable as of June 30, 2021 and
expensed in the statement of operations as other expenses in the
six months ended June 30, 2021. Mr. Ogren and the Company have
agreed to a settlement whereby the Company would pay $120,000
within 14 days of a written agreement with four monthly payments of
$20,000 starting on December 5, 2021 through March 2, 2022. The
$120,000 payment was made.
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 October 19, 2021, the Company issued a press release entitled
“TPT Global Tech [OTCQB:TPTW] Raise $2M in Bridge Funding Pays Off
Largest Toxic Debt Fund” 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.
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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By: |
/s/ Stephen J. Thomas
III |
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Stephen J. Thomas III, |
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Title: |
Chief Operating Officer |
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Date: October 18, 2021 |
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