1. TNRG plans to voluntarily go private by filing Form 25 with the SEC. 2. This move allows TNRG to deregister its stock and reduce regulatory costs. 3. Shareholders are set to receive a one-to-one dividend in Webstar Technology shares. 4. The finalization for shareholder dividend statements is due by March 7, 2025. 5. TNRG aims to streamline operations through this privatization initiative.
Going private can reduce overhead costs and encourage more strategic resource allocation. Similar transitions in firms like Dell and Burger King boosted operational efficiency and long-term growth.
The article's details about TNRG's strategic decision to go private are highly relevant. The transition allows the company flexibility and is likely to appeal to current and potential investors.
The long-term nature of the benefits from reduced compliance costs may take time to materialize. Historically, companies going private have experienced a more focused business model and enhanced investor value over time.
Thunder Energies Corp. (OTCBB: TNRG), a leader in real estate development, today announced its intention to voluntarily go private and file a Form 25 with the U.S. Securities and Exchange Commission (SEC). By filing a Form 25, Thunder Energies Corporation will officially deregister its common stock under the Securities Exchange Act of 1934, thereby removing its obligation to file periodic reports with the SEC. The company believes this transition will allow it to streamline regulatory compliance, reduce costs, and reallocate resources.
The company has also completed the transfer to all shareholders of record as of September 13, 2024, as previously released, with complete and verified information to receive the Webstar Technology Group (OTCQB: WBSR) common shares dividend on a one-to-one basis. Verified and fully complying shareholders will be available to receive statements from New York based transfer agency Vstock Transfer, LLC (www.vstocktransfer.com) no later than March 7, 2025.
Any eligible Thunder Energies shareholder who does not receive their notification of the Webstar Technology Group common shares dividend distribution and statement by the above-mentioned date is encouraged to contact the following email address for assistance: info@thunderenergiescorp.com. We ask that you include the following information in your confidential email:
Please forward the above information at your earliest opportunity to enable us to address, correct and update each qualified shareholder promptly.
For more information and media inquiries, please visit www.thunderenergiescorp.com or contact:
Investor Relations
Thunder Energies Corp.
E: investorrelations@thunderenergiescorp.com
P: (404) 793-1956
Donald R. Keer, P.E., Esq.
Corporate Counsel
Thunder Energies Corp.
P: (254) 704-2675
Forward Looking Statements Disclaimer: This release may contain statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Thunder Energies Corp.'s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Such forward-looking statements include the words "vision," "seek", "grow", "plan" and other expressions of a forward-looking nature. More information about the potential factors that could affect the business and financial results is and will be included in Thunder Energies Corp.'s filings with the OTC Markets, Securities and Exchange Commission and/or posted on the company's website.
SOURCE Thunder Energies Corp.