secwatch.observer — SEC 8-K summary
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Issuer:     TPT GLOBAL TECH, INC. (—)
CIK:        0001661039
Form:       8-K
Filed at:   2023-04-03T23:59:59+00:00
Accession:  0001654954-23-004281
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TPT Global Tech acquires control of Asberry 22 via $500K preferred stock and merger
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- TPT purchased 500,000 Series A Supermajority Voting Preferred Shares of Asberry for $500,000 cash.
- Subsidiary TPT SpeedConnect merged into Asberry; TPT received 4,658,318 common shares, 85% of Asberry common.
- TPT issued a $500K convertible promissory note at 6% interest, due 180 days, convertible at 85% of 5-day VWAP.
- Asberry must file S-1 within 120 days to register resale of shares issued in the transaction.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1661039/000165495423004281/0001654954-23-004281-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1661039/000165495423004281/tptw_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-004281

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