Thunder Energies Corp. Moves Towards Going Private
Thunder Energies Corporation, trading under OTCBB: TNRG, has recently declared its plan to voluntarily transition to a private entity by submitting a Form 25 to the U.S. Securities and Exchange Commission (SEC). This significant move indicates the company's intent to deregister its common stock in accordance with the Securities Exchange Act of 1934.
The primary aim behind this strategic decision is to alleviate the substantial regulatory burdens that come with being a publicly traded company. By going private, Thunder Energies expects to streamline its compliance processes, cut costs, and better allocate resources for its core operations.
In addition to this major transition, the company confirmed the completion of a dividend distribution to shareholders of record as of September 13, 2024. Each of these shareholders is eligible to receive common shares in Webstar Technology Group (OTCQB: WBSR) on a one-to-one basis. The company assures that verified shareholders will be able to obtain their statements from the New York-based transfer agency, Vstock Transfer, LLC, by March 7, 2025.
The company encourages anyone who meets the eligibility criteria but has yet to receive their dividend notification to get in touch via email at [contact information]. To facilitate a quick resolution, shareholders should include their details including the name the shares are held under, latest statement, and current contact information.
Implications of Going Private
While Thunder Energies Corp. has taken significant steps to ensure a smooth transition, the process of going private is not without its complexities. By deregistering its stock, the company will no longer need to file periodic reports with the SEC, freeing it from the public scrutiny associated with public listings. This shift can not only lead to cost reductions but can also allow the firm to focus more strongly on internal growth strategies without the incessant demands of public reporting.
However, it is essential to note that this decision may limit access to capital markets and impact liquidity options for current shareholders. Investors will need to assess how this transition aligns with their investment strategies, especially in light of the potential risks and uncertainties that can accompany such moves.
Forward-Looking Statements
In the official communications, Thunder Energies Corporation has included disclaimers regarding forward-looking statements. These statements offer prospects on the company's future performance but come with inherent risks and uncertainties. Investors are reminded that actual results may vary due to multiple factors beyond Thunder Energies' control.
As the company navigates this transition, stakeholders are encouraged to stay informed through official communications and understand the evolving business landscape in which Thunder Energies operates.
For further inquiries or information, interested parties can visit Thunder Energies' official website at [website link] or reach out to their Investor Relations team for assistance.
In conclusion, Thunder Energies’ initiative to go private reflects a calculated approach to streamline operations and reduce regulatory costs while continuing to engage and support its shareholders during the dividend distribution phase.
Contact Information
For additional information or inquiries, please contact:
- - Investor Relations: Thunder Energies Corp.
- - Email: [email contact]
- - Phone: 404-793-1956
Conclusion
Thunder Energies Corporation is making notable strides with its decision to become a private entity, aiming for operational efficiency and direct shareholder engagement. As they move forward, both the company and its shareholders will undoubtedly anticipate the outcomes of this pivotal transition.