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Major Media Outlets Share News of Joint Venture – BOE Report

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Top Turkish News Sources Circulate Coverage of the Imminent Presence of MagneGas in Turkey

PHOENIX, AZ, Jan. 17, 2020 (GLOBE NEWSWIRE) — Taronis Technologies, Inc., (“Taronis” or “the Company”) (NASDAQ: TRNX), a sustainability technologies company, announced that the Company’s former subsidiary, Taronis Fuels, has gained major regional media attention as a variety of top Turkish news sources launch digital coverage of the joint venture between Taronis and the Republic of Turkey that will make MagneGas the premier metal cutting fuel of the country. Among the media outlets that covered the partnership are two of the country’s most widely circulated publications, Sabah and Habertürk. Coverage also came from Yenienerji, ChemLife, ICT Media, Para & Borsa, and PiyasaninDurumu. Additionally, GasWorld released an article on the joint venture.

With a daily circulation of more than 300,000, Sabah is one of the most recognized newspapers in Turkey. Two articles reflecting the expansion of Taronis to Turkey were published by the media conglomerate, “Amerikalı ve Almanlar başkenti seçti,” and “ABD’li devden 200 milyon $’lık yatırım kararı.”

Established in 2009, Habertürk is one of the widest reaching media outlets in Turkey. This influential publisher released two articles on the partnership between Taronis and the Republic of Turkey, “Tarons, Ankara’da ortak grşm kurdu,” and “Tarons, Türkye’de şrket kurdu.”

Yenienerji has been publishing magazines, catalogs, corporate magazines and technical books for over 20 years. Their recent article on Taronis, “Taronis Techonologies’ten Türkiye Yatırımı,” outlined the details of the joint venture and highlighted the safety benefits that the partnership will bring to Turkey.

ChemLife reaches readers across of a variety of platforms, influencing the rapidly developing technological and scientific segments. With over 10,000 monthly downloads, and a mailing list of 30,000 people, they are highly influential as a content provider. Their article, “ABD’li yenilebilir yakıt devi Taronis Techonologies, Türkiye’ye üretim tesisi kuruyor,” provided key details of the collaboration between Taronis and Turkey, including the economic impacts and sustainability features.

ICT Media, the producers of ICT Media Magazine and www.ictmedia.com.tr provide expert information on a variety of topics including GSM, software, hardware, telecommunications, security and online services, multimedia, value added services, R&D, and energy. Recently, they announced the completion of the legalization of the joint venture between Taronis and MC Consulting in their article, “Taronis Techonologies Türkiye yatırım tesisi kuruyor.”

Para & Borsa, a media source dedicated to sharing information related to financial markets published the article “Taronis Technologies’den Turkiye’ye Yatırım” on their platform. The piece emphasized the imminent presence of Taronis in Turkey as well as the positive impacts the joint venture will have on the country.

PiyasaninDurumu, a Turkish news and media outlet published “Taronis Technologies Türkiye yatırımı.” The article highlighted key details of the joint venture as well as the benefits that Taronis will bring to the country in regards to safety and sustainability.

GasWorld’s website is the market-leading news portal for the global industrial gas sector. Their recently published article, “New joint venture offers alternative to acetylene for metal cutting,” outlined the efforts to make MagneGas the metal cutting fuel to serve the Turkish domestic metal cutting market.

About Taronis Technologies, Inc.

Taronis Technologies, Inc. (TRNX) owns a patented plasma arc technology that enables two primary end use applications for fuel generation and water decontamination. The Company holds a 7% royalty on the global use of its fuel generation intellectual property through a licensing agreement with Taronis Fuels, Inc. Given the potential scale of this royalty agreement and the potential material impact to the financial profile of Taronis Technologies, the Company shall continue to provide updates on material developments within Taronis Fuels.

The Company’s technology can also be implemented for the decontamination of waste water, including sterilizing water, eradicating all pathogens. The technology is being tested to determine if it can completely eliminate pharmaceutical contaminants such as antibiotics, hormones and other soluble drugs suspended in contaminated water. Lastly, the technology process is capable of reducing or eliminating other contaminants, such as harmful metals, as well as nitrogen, phosphorus, and potassium levels. The technology has prospective commercial applications in the agricultural, pharmaceutical, and municipal waste markets. For more information on Taronis, please visit the Company’s website at http://www.TaronisTech.com.

Taronis also owns a controlling interest in Water Pilot, LLC. The WATER PILOT® System immediately reduces water consumption and provides you with live remote consumption monitoring for long term leak protection and water asset management. An integral, client based alarm and notification system that reports to any mobile device. Water Pilot may be appropriate for a wide range of businesses or properties with a water meter. For more information, please visit our website at www.gowaterpilot.com/

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events, including our ability to raise capital, or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

For a discussion of these risks and uncertainties, please see our filings with the Securities and Exchange Commission. Our public filings with the SEC are available from commercial document retrieval services and at the website maintained by the SEC at http://www.sec.gov.

Investor Contacts:
Michael Khorassani
IR@TaronisTech.com

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Trump's social media venture says it has raised $1B – Vancouver Sun

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He is working to launch a social media app called TRUTH Social that is at least several weeks away.

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Donald Trump’s new social media venture said on Saturday it had entered into agreements to raise about $1 billion from a group of unidentified investors as it prepares to float in the U.S. stock market.

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The capital raise, details of which were first reported by Reuters on Wednesday, underscored the former U.S. president’s ability to attract strong financial backing thanks to his personal and political brand. He is working to launch a social media app called TRUTH Social that is at least several weeks away.

Digital World Acquisition Corp, the blank-check acquisition firm that will take Trump Media & Technology Group Corp public by listing it in New York, said it will provide up to $293 million to the partnership with Trump’s media venture, taking the total proceeds to about $1.25 billion.

The $1 billion will be raised through a private investment in public equity (PIPE) transaction from “a diverse group of institutional investors,” Trump Media and Digital World said in a statement. They did not respond to requests to name the investors.

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Trump Media inked its deal with Digital World to go public in October at a valuation of $875 million, including debt. The social media venture is now valued at almost $4 billion based on the price of Digital World shares at the end of trading on Friday. Trump supporters and day traders snapped up the stock.

Many Wall Street firms such as mutual funds and private equity firms snubbed the opportunity to invest in the PIPE. Among those investors who participated were hedge funds, family offices and high net-worth individuals, Reuters reported on Wednesday. Family offices manage the wealth of the very rich and their kin.

Some Wall Street investors are reluctant to associate with Trump. He was banned from top social media platforms after the Jan. 6 attack by his supporters on the U.S. Capitol amid concerns he would inspire further violence. The Capitol attack was based on unsubstantiated claims of widespread fraud in last year’s presidential election.

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“As our balance sheet expands, Trump Media & Technology Group will be in a stronger position to fight back against the tyranny of Big Tech,” Trump said in a statement on Saturday.

The deal also faces regulatory risk. U.S. Senator Elizabeth Warren asked Securities and Exchange Commission Chairman Gary Gensler last month to investigate the planned merger for potential violations of securities laws around disclosure. The SEC has declined to comment on whether it plans any action.

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Trump Media and Digital World said the per-share conversion price of the convertible preferred stock PIPE transaction represents a 20% discount to Digital World’s volume-weighted average closing price for the five trading days to Dec. 1, when Reuters broke news of the capital raise.

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If that price averages below $56 in the 10 days after the merger with Digital World has been completed, the discount will grow to 40% with a floor of $10, the companies added. Digital World shares ended trading on Friday $44.97.

Trump had 89 million followers on Twitter, 33 million on Facebook and 24.5 million on Instagram at the time he was blocked, according to a presentation on his company’s website.

Investors attending the confidential investor road shows were shown a demo from the planned social media app, which looked like a Twitter feed, Reuters reported.

FIRST-QUARTER ROLLOUT

Since Trump was voted out of office last year, he has repeatedly dropped hints that he might seek the presidency in 2024.

Special purpose acquisition companies such as Digital World had lost much of their luster with retail investors before the Trump media deal came along. Many of these investors were left with big losses after the companies that merged with SPACs failed to deliver on their ambitious financial projections.

TRUTH Social is scheduled for a full rollout in the first quarter of 2022. It is the first of three stages in the Trump Media plan, followed by a subscription video-on-demand service called TMTG+ that will feature entertainment, news and podcasts, according to the news release.

In a slide deck on its website, the company envisions eventually competing against Amazon.com’s AWS cloud service and Google Cloud.

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Trump social media company claims to raise $1bn from investors – The Guardian

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Trump social media company claims to raise $1bn from investors  The Guardian



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Trump's new social media company says it has $1 billion in funding lined up – National | Globalnews.ca – Global News

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Donald Trump‘s new social media company and its special purpose acquisition company partner say the partner has agreements for $1 billion in capital from institutional investors.

The former president launched his new company, Trump Media & Technology Group, in October. He unveiled plans for a new messaging app called “Truth Social” to rival Twitter and the other social media platforms that banned him following the Jan. 6 insurrection at the U.S. Capitol.

TMTG’s plan is to become a publicly listed company through a merger with the publicly traded Digital World Acquisition Corp., a special purpose acquisition company whose sole purpose is to acquire a private company and take it public.

Read more:

Trump tested positive for COVID-19 days before Biden debate, ex aide says

The institutional investors were not identified in a press release issued Saturday by Trump Media and Digital World. The money would come from “a diverse group” of investors after the two companies are combined, it said.

Digital World said in the release that the $1 billion is above the $293 million (minus expenses) that it may invest.

“I am confident that TMTG can effectively deploy this capital to accelerate and strengthen the execution of its business, including by continuing to attract top talent, hire top technology providers, and roll out significant advertising and business development campaigns,” Digital World CEO Patrick Orlando said in the release.

Trump is listed as chair of TMTG. He will get tens of millions in special bonus shares if the combined company performs well, handing the former president possibly billions of dollars in paper wealth.

© 2021 The Canadian Press

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