TPT Global Tech, a media content hub and tech services provider, filed on Tuesday with the SEC to raise up to $50 million in an initial public offering.
The San Diego, CA-based company plans to raise $50 million by offering 7.7 million shares at $6.50. TPT Global Tech is currently listed on the OTC under the symbol "TPTW."
The company operates as a media content hub for domestic and international syndication technology and telecommunications companies, using its proprietary Global Digital Media TV and Telecommunications infrastructure platform. It also provides technology solutions to businesses domestically and worldwide, offering Software as a Service (SaaS), Technology Platform as a Service (PAAS), Cloud-based Unified Communication as a Service (UCaaS), and carrier-grade performance and support for businesses.
The San Diego, CA-based company was founded in 1988 and booked $5 million in revenue for the 12 months ended September 30, 2023. It plans to list on the Nasdaq under the symbol TPTW. The company has not selected a bookrunner yet.
