Thursday, October 06, 2016 2:27:13 PM
Baron to restructure TGGI and then file Tier I Reg A offering for future projects
Coconut Creek, FL -- October 6, 2016 -- InvestorsHub NewsWire -- Baron Capital Enterprises, Inc. (OTCPK: BCAP) has acquired majority control of Trans Global Group Inc. (OTCPK: TGGI) from TGGI’s former sole officer and director.
TGGI is a DTC eligible publicly traded entity that has had a handful of false starts in recent years. TGGI has no current or pending lawsuits, and has its own shareholder base.
BCAP is currently a large debt holder in TGGI and has held almost 600 million free trading TGGI shares since 2014. The terms of the transaction enabled Baron to acquire a further 1.2 million shares of convertible Preferred stock, or 12 billion shares of Common stock upon conversion, making it the majority shareholder.
TGGI will undergo a name and ticker change, along with a reverse split of its Common stock. Once all corporate actions are completed, a Tier I Reg A offering will be filed for the new entity allowing it to raise funds which will be used to service Baron's clients and other opportunities.
By being the largest shareholder in TGGI and using TGGI as the vehicle to file a Reg A offering, Baron gives itself timing certainty as well as the means to raise growth capital without diluting Baron's current shareholder base. Access to fresh capital allows continued growth of Baron's assets and revenues.
While shareholders of TGGI and Baron will benefit from this plan, Baron shareholders will be protected from any dilution resulting from capital raises as all funds will come from the Reg A offering in TGGI.
Baron has filed a Supplemental Report on OTCMarkets, a copy of which may be found here:https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=160974
Recent LGMK News
- Form S-1 - General form for registration of securities under the Securities Act of 1933 • Edgar (US Regulatory) • 05/06/2024 01:30:02 PM
- LogicMark, Inc. Reports Fourth Quarter and Full Year 2023 Results • GlobeNewswire Inc. • 04/18/2024 01:00:00 PM
- LogicMark, Inc. Postpones Release of Fourth Quarter and Full Year 2023 Financial Results • GlobeNewswire Inc. • 04/01/2024 08:05:00 PM
- LogicMark, Inc. Reschedules Release of Fourth Quarter and Full Year 2023 Financial Results to April 1, 2024 • GlobeNewswire Inc. • 03/27/2024 01:00:00 PM
- LogicMark, Inc. to Announce Fourth Quarter and Full Year 2023 Financial Results on March 27, 2024 • GlobeNewswire Inc. • 03/13/2024 09:01:05 PM
- Form 5 - Annual statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/26/2024 09:10:21 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/26/2024 09:05:39 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/23/2024 09:18:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/23/2024 09:14:33 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/23/2024 09:14:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/23/2024 09:12:58 PM
- Maxim Group LLC to Host the 2024 Healthcare IT Virtual Conference on Wednesday, January 24th & Thursday, January 25th at 9:00 A.M. ET • GlobeNewswire Inc. • 01/22/2024 09:15:00 PM
- LogicMark to Participate in the 2024 Healthcare IT Virtual Conference, Presented by Maxim Group LLC on Wednesday, January 24th • GlobeNewswire Inc. • 01/22/2024 02:00:00 PM
- LogicMark Unveils First Personal Safety Software App, Aster • GlobeNewswire Inc. • 01/17/2024 02:00:00 PM
- Form S-3/A - Registration statement under Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 01/04/2024 10:25:59 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/22/2023 09:05:23 PM
- LogicMark Expands Product Suite with the Launch of Freedom Alert Mini • GlobeNewswire Inc. • 12/20/2023 08:30:00 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 11/28/2023 02:45:15 AM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 11/21/2023 09:07:49 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/21/2023 01:25:55 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/15/2023 09:05:33 PM
- LogicMark Empowers Veterans and Their Families this Veterans Day with Donation to the Bob Woodruff Foundation • GlobeNewswire Inc. • 11/09/2023 09:40:19 PM
- LogicMark, Inc. Reports Third Quarter Results Highlighted by Five Percentage Point Increase in Gross Margin • GlobeNewswire Inc. • 11/09/2023 09:05:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/09/2023 06:45:33 PM
FEATURED Cannabix Technologies Launches New Compact Breath Logix Workplace Series and Prepares for Delivery to South Africa • May 7, 2024 8:51 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM