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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): October 18, 2021

 

TINGO, INC.
(Exact Name of Registrant as Specified in its Charter)

 

Nevada 333-205835 83-0549737
(State or Other Jurisdiction (Commission File (IRS Employer
Of Incorporation) Number) Identification No.)

 

43 West 23rd Street

New York, NY

 

10010

(Address of Principal Executive Offices) (Zip Code)

 

Registrant’s telephone number, including area code: (646) 847-0144

 

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-k filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange
on which registered
None   N/A   N/A

 

 

 

 

 

 

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

 

On October 18, 2021, holders of a majority of the outstanding voting securities of Tingo, Inc. (the “Company”) approved the amendment and restatement of the Company’s Articles of Incorporation (“Restated Articles”). The purpose of the Restated Articles was to increase the number of authorized shares of capital stock of the Company from 1.5 billion shares to 2.5 billion shares, with the entire amount of the increase consisting of a change in the number of authorized shares of Class A common stock from 1.25 billion to 2.25 billion shares. A copy of the Restated Articles is attached to this Current Report as Exhibit 3(i).

 

Item 5.05 Amendments to the Registrant’s Code of Ethics, or a Waiver of a Provision of the Code of Ethics.

 

On October 18, 2021, the Board of Directors of the Company adopted a Code of Conduct and Business Ethics. The Code of Conduct and Business Ethics is attached to this Current Report as Exhibit 14.1.

 

Item 5.07 Submission of Matters to a Vote of Security Holders.

 

On October 18, 2021, holders of a majority of the outstanding common stock of Tingo, Inc. (the “Company”) approved the Restated Articles as described in Item 5.03 of this Current Report.

 

Item 8.01 Other Events.

 

On October 19, 2021, the Company issued a press release announcing its submission of an application to list its shares on the New York Stock Exchange. A copy of the press release is attached to this Current Report as Exhibit 99.1.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

3(i)       Amended and Restated Articles of Incorporation of Tingo, Inc.

 

14.1       Tingo, Inc. Code of Business Conduct and Ethics.

 

99.1       Press release issued on October 19, 2021.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    Tingo, Inc.
   
Date: October 19, 2021 By: /s/ Kenneth Denos
    Name: Kenneth Denos
    Title: Secretary

 

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Exhibit 3(i)

 

RESTATED ARTICLES OF INCORPORATION

 

Tingo, Inc., a corporation organized and existing under the laws of the State of Nevada, hereby certifies as follows:

 

1.       The corporation was originally incorporated under the name of iWeb, Inc., and the original Articles of Incorporation of the corporation were filed with the Secretary of State of Nevada on February 17, 2015.

 

2.       Pursuant to Chapter 78, Title 7 of Nevada Revised Statutes, these Restated Articles of Incorporation restate in their entirety and integrate and further amend the provisions of the Articles of Incorporation of this corporation.

 

3.       These Amended and Restated Articles have been adopted and approved by holders of a majority of the outstanding voting shares of the corporation.

 

4.       The text of the Restated Articles of Incorporation is hereby restated in its entirety to read as follows:

 

ARTICLES OF INCORPORATION

OF

TINGO, INC.

 

ARTICLE I. NAME

 

The name of the corporation is TINGO, INC. (the “Corporation”).

 

ARTICLE II. REGISTERED OFFICE

 

The name and address of the Corporation’s registered office in the State of Nevada is c/o Resident Agents of Nevada, Inc. 711 S. Carson St., Suite 4, Carson City, Nevada 89701.

 

ARTICLE III. PURPOSE

 

The purpose or purposes of the corporation is to engage in any lawful act or activity for which corporations may be organized under Nevada Law.

 

ARTICLE IV. CAPITAL STOCK

 

(A)       Authorized Shares. The aggregate number of shares which the Corporation shall have authority to issue is two billion five hundred million (2,500,000,000) shares, consisting of three classes of shares to be designated, respectively, "Class A Common Stock," "Class B Common Stock" (collectively the Class A Common Stock and the Class B Common Stock are referred to herein as the "Common Stock") and "Preferred Stock." The total number of shares of Class A Common Stock that this corporation shall have authority to issue is two billion two hundred and fifty million (2,250,000,000) shares, each with a par value of $0.001. The total number of shares of Class B Common Stock that this corporation shall have authority to issue is two hundred million (200,000,000) shares, each with a par value of $0.001. The total number of shares of Preferred Stock that this corporation shall have authority to issue is fifty million (50,000,000) shares, each with a par value of $0.001. The Preferred Stock may be issued in one or more series, each series to be appropriately designated by a distinguishing letter or title, prior to the issuance of any shares thereof. The voting powers, designations, preferences, limitations, restrictions, and relative, participating, optional and other rights, and the qualifications, limitations, or restrictions thereof, of the Preferred Stock shall hereinafter be prescribed by resolution of the board of directors (hereinafter, the “Board”) pursuant to Subsection (C) of this Article IV.

 

 

 

 

(B)       Provisions Relating to Common Stock. Except as otherwise expressly provided in these Articles of Incorporation, as amended from time to time (hereinafter, the "Articles") or the Nevada Revised Statues (hereinafter, the "NRS"), shares of Class A Common Stock and shares of Class B Common Stock shall have the following rights and privileges:

 

(1)       Dividend Rate. Subject to the rights of holders of any Preferred Stock having preference as to dividends and except as otherwise provided by these Articles or the NRS, holders of Class A Common Stock shall be entitled to receive dividends when, as and if declared by the board of directors out of assets legally available therefor. Holders of Class B Common Stock shall not be entitled to dividends or distributions of any kind.

 

(2)       Voting Rights. Except as otherwise provided by the NRS, the holders of Class A Common Stock and the holders of Class B Common Stock shall vote together as a single voting group on all matters submitted to a vote of the Corporation's shareholders. No holder of shares of Common Stock shall have the right to cumulate votes. Each holder of Class A Common Stock shall be entitled to one (1) vote for each share of Class A Common Stock held as of the applicable record date on any matter that is submitted to a vote of the shareholders of the Corporation (including, without limitation, any matter voted on at a shareholders' meeting). Each holder of Class B Common Stock shall be entitled to ten (10) votes for each share of Class B Common Stock held as of the applicable record date on any matter that is submitted to a vote of the shareholders of the Corporation (including, without limitation, any matter voted on at a shareholders' meeting).

 

(3)       Liquidation Rights. In the event of liquidation, dissolution, or winding up of the affairs of the Corporation, whether voluntary or involuntary, subject to the prior rights of holders of Preferred Stock to share ratably in the Corporation's assets, the Class A Common Stock and any shares of Preferred Stock which are not entitled to any preference in liquidation shall share equally and ratably in the Corporation's assets available for distribution after giving effect to any liquidation preference of any shares of Preferred Stock. A merger, conversion, exchange or consolidation of the Corporation with or into any other person or sale or transfer of all or any part of the assets of the Corporation (which shall not in fact result in the liquidation of the Corporation and the distribution of assets to stockholders) shall not be deemed to be a voluntary or involuntary liquidation, dissolution or winding up of the affairs of the Corporation.

 

(4)       Conversion, Redemption, or Preemptive Rights. The holders of Common Stock (whether Class A or Class B) shall not have any conversion, redemption, or preemptive rights.

 

(5)       Consideration for Shares. The Common Stock authorized by this Article shall be issued for such consideration as shall be fixed, from time to time, by the Board.

 

(C)       Provisions Relating to Preferred Stock. The Board is authorized, subject to limitations prescribed by law and the provisions of this article 4, to provide for the issuance of the shares of Preferred Stock in one or more series, and by filing a certificate pursuant to the applicable law of the State of Nevada, to establish from time to time the number of shares to be included in each such series, and to fix the designation, powers, preferences and rights of the shares of each such series and the qualifications, limitations or restrictions thereof. The authority of the Board with respect to each series shall include, but not be limited to, determination of the following:

 

 

 

 

(1)       The number of shares constituting that series and distinctive designation of that series;

 

(2)       The dividend rate on the shares of that series, whether dividends shall be cumulative, and, if so, from which dates or dates, and the relative rights of priority, if any, of payment of dividends on shares of that series;

 

(3)       Whether that series shall have voting rights, in addition to the voting rights provided by law, and, if so, the terms of such voting rights;

 

(4)       Whether that series shall have conversion privileges, and, if so, the terms and conditions of such conversion, including provision for adjustment of the conversion rate in such events as the Board shall determine;

 

(5)       Whether or not the shares of that series shall be redeemable, and, if so, the terms and conditions of such redemption, including the date or dates upon or after which they shall be redeemable, and the amount per share payable in case of redemption, which amount may vary under different conditions and at different redemption dates;

 

(6)       Whether that series shall have a sinking fund for the redemption or purchase of shares of that series, and, if so, the terms and amount of such sinking fund;

 

(7)       The rights of the shares of that series in the event of voluntary or involuntary liquidation, dissolution or winding up of the corporation, and the relative rights of priority, if any, of payment of share of that series;

 

(8)       Any other relative or participation rights, preferences and limitations of that series;

 

(9)       If no shares of any series of Preferred Stock are outstanding, the elimination of the designation, powers, preferences, and right of such shares, in which event such shares shall return to their status as authorized but undesignated Preferred Stock.

 

ARTICLE V. BOARD OF DIRECTORS

 

(A)       Number. The number of directors constituting the entire Board shall be as fixed from time to time by vote of a majority of the entire Board, provided, however, that the number of directors shall not be reduced so as to shorten the term of any director at the time in office.

 

(B)       Vacancies.  Vacancies on the Board shall be filled by the affirmative vote of the majority of the remaining directors, though less than a quorum of the Board, or by election at an annual meeting or at a special meeting of the stockholders called for that purpose.

 

(C)       Election. The election of directors need not be by written ballot.

 

ARTICLE VI. BYLAWS

 

In furtherance and not in limitation of the powers conferred by statute, the Board is expressly authorized to make, alter, amend or repeal the Bylaws of the Corporation.

 

 

 

 

ARTICLE VII. LIABILITY

 

To the fullest extent permitted by Nevada law as the same exists or as may hereafter be amended, no director of the Corporation shall be personally liable to the Corporation or its stockholders for or with respect to any acts or omissions in the performance of his or her duties as a director of the Corporation. Any amendment or repeal of this Article VII will not eliminate or reduce the effect of any right or protection of a director of the Corporation existing immediately prior to such amendment or repeal.

 

ARTICLE VIII. STOCKHOLDER MEETINGS

 

Meetings of stockholders may be held within or without the State of Nevada as the Bylaws may provide. The books of the Corporation may be kept outside the State of Nevada at such place or places as may be designated from time to time by the Board or in the Bylaws of the Corporation.

 

ARTICLE IX. AMENDMENT OF ARTICLES OF INCORPORATION

 

The Corporation reserves the right to amend, alter, change or repeal any provision contained in these Articles of Incorporation, in the manner now or hereafter prescribed by statute, and all rights conferred upon stockholders herein are granted subject to this reservation.

 

ARTICLE X. STATUTORY ELECTIONS

 

(A)        Controlling Interest Acquisition. The Corporation hereby elects not to be governed by, and to otherwise opt out of, the provisions of NRS 78.378 to 78.3793, inclusive, relating to acquisition of a controlling interest in the Corporation.

 

(B)        Interested Stockholder Combinations. The Corporation hereby elects not to be governed by, and to otherwise opt out of, the provisions of NRS 78.411 to 78.444, inclusive, relating to combinations with interested stockholders.

 

 

 

 

I, THE UNDERSIGNED, being the Secretary of Tingo, Inc. pursuant to Chapter 78, Article 7 of Nevada Revised Statutes, hereby declare and certify, under penalties of perjury, that this is my act and deed and the facts herein stated are true, and accordingly have hereunto set my hand this 18th day of October, 2021.

 

  the “Corporation”
   
  TINGO, INC.
 
   
  Kenneth Denos
  Secretary

 

 

 

 

Exhibit 14.1

 

TINGO, INC.

CODE OF BUSINESS CONDUCT AND ETHICS

 

(Adopted October 18, 2021)

 

In accordance with the requirements of the Securities and Exchange Commission (“SEC”) and the New York Stock Exchange (“NYSE”), the Board of Directors (the “Board”) of Tingo, Inc. (the “Company”) has adopted this Code of Business Conduct and Ethics (this “Code”) to encourage:

 

· Honest and ethical conduct, including fair dealing and the ethical handling of actual or apparent conflicts of interest;
· Full, fair, accurate, timely and understandable disclosures;
· Compliance with applicable laws and governmental rules and regulations;
· Prompt internal reporting of any violations of law or the Code;
· Accountability for adherence to the Code, including fair processes by which to determine violations;
· The protection of the Company’s legitimate business interests, including its assets and corporate opportunities; and
· Confidentiality of information entrusted to directors, officers and employees by the Company and its clients.

 

All directors, officers and employees (each a “Covered Person” and, collectively, the “Covered Persons”) of the Company and all of its subsidiaries are expected to be familiar with this Code and to adhere to the principles and procedures set forth below. This Code supplements and does not supersede other policies and procedures adopted by the Company and/or its subsidiaries relating to the conduct of its officers, directors and employees, including without limitation, the Company’s Section 16 Policy, Insider Trading Policy, and Codes of Ethics in effect in various jurisdictions.

 

I. Conflicts of Interest

 

For purposes of this Code, a conflict of interest occurs when the private interests of a Covered Person interfere, or appear to interfere, with the interests of the Company as a whole.

 

For example, a conflict of interest can arise when a Covered Person takes actions or has personal interests that make it difficult to perform his or her Company duties objectively and effectively. A conflict of interest may also arise when a Covered Person, or a member of his or her immediate family, receives improper personal benefits as a result of his or her position at the Company. For purposes of this Code, an “immediate family member” includes a person's spouse, parents, children, siblings, mothers and fathers-in-law, sons and daughters-in-law, brothers and sisters-in-law, and anyone (other than domestic employees) who shares such person's home or is financially dependent on such person.

 

 

 

 

Conflicts of interest can also occur indirectly. For example, a conflict of interest may arise when a Covered Person is also an executive officer, a major shareholder or has a material interest in an organization doing business with the Company.

 

Each Covered Person has an obligation to conduct the Company’s business in an honest and ethical manner, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships. Any situation that involves, or may reasonably be expected to involve, a conflict of interest with the Company, should be disclosed promptly to the Company’s General Counsel.

 

This Code does not attempt to describe all possible conflicts of interest that could develop. Other common actions that may give rise to a conflict of interest, and from which Covered Persons must refrain, are set out below:

 

· Covered Persons may not engage in any conduct or activities that are inconsistent with the Company's best interests or that disrupt or impair the Company's relationship with any person or entity with which the Company has or proposes to enter into a business or contractual relationship.
· Covered Persons may not accept compensation, in any form, for services performed for the Company from any source other than the Company.
· No Covered Person may take up any management or other employment position with, or have any material interest in, any firm or company that is in direct or indirect competition with the Company.

 

All transactions that would give rise to a conflict of interest involving a director, the Company’s Chief Executive Officer, Chief Financial Officer, Chief Accounting Officer or Controller, or persons performing similar functions (together, the “Senior Financial Officers”) or any other executive officer must be approved by the Board, and any such approval will not be considered a waiver of this Code.

 

II. Disclosures

 

The information in the Company's public communications, including all reports and documents filed with or submitted to the SEC, must be full, fair, accurate, timely and understandable.

 

To ensure the Company meets this standard, all Covered Persons (to the extent they are involved in the Company’s disclosure process) are required to maintain familiarity with the disclosure requirements, processes and procedures applicable to the Company commensurate with their duties. Covered Persons are prohibited from knowingly misrepresenting, omitting or causing others to misrepresent or omit, material facts about the Company to others, including the Company’s independent auditors, governmental regulators and self-regulatory organizations.

 

III. Compliance with Laws, Rules and Regulations

 

The Company is obligated to comply with all applicable laws, rules and regulations. It is the personal responsibility of each Covered Person to adhere to the standards and restrictions imposed by these laws, rules and regulations in the performance of his or her duties for the Company.

 

 

 

 

Trading on inside information is a violation of federal securities law. Covered Persons in possession of material non-public information about the Company or companies with whom the Company does business must abstain from trading or advising others to trade in the respective company’s securities from the time that they obtain such inside information until adequate public disclosure of the information. To use non-public information for personal financial benefit or to “tip” others, including family members, who might make an investment decision based on this information, is not only unethical but also illegal.

 

The Senior Financial Officers are also required to promote compliance by all employees with the Code and to abide by Company standards, policies and procedures.

 

IV. Reporting, Accountability and Enforcement

 

The Company promotes ethical behavior at all times and encourages Covered Persons to talk to supervisors, managers and other appropriate personnel when in doubt about the best course of action in a particular situation.

 

Employees should promptly report suspected violations of laws, rules, regulations or the Code or any other unethical behavior by any director, officer, employee or anyone purporting to be acting on the Company’s behalf to a senior officer or other supervisor, or, in the employee’s discretion, to the General Counsel. Such person will, if appropriate, communicate the reported violation to the Audit Committee. Officers and directors should report suspected violations to the Board, any member of the Audit Committee of the Board or the General Counsel, as appropriate. Reports may be made anonymously. If requested, confidentiality will be maintained, subject to applicable law, regulatory requirements and legal proceedings.

 

The Audit Committee of the Board will investigate and determine, or will designate appropriate persons to investigate and determine, the legitimacy of such reports. The Audit Committee will then determine the appropriate disciplinary action. Such disciplinary action includes, but is not limited to, reprimand, termination with cause, and possible civil and criminal prosecution.

 

To encourage employees to report any and all violations, the Company will not tolerate retaliation for reports made in good faith. Retaliation or retribution against any Covered Person for a report made in good faith of any suspected violation of laws, rules, regulations or this Code is cause for appropriate disciplinary action. However, any Covered Person who knowingly files a false report under this Code will be subject to appropriate disciplinary action.

 

V. Corporate Opportunities

 

All Covered Persons owe a duty to the Company to advance the legitimate interests of the Company when the opportunity to do so arises. Covered Persons are prohibited from directly or indirectly (a) taking personally for themselves opportunities that are discovered through the use of Company property, information or positions; (b) using Company property, information or positions for personal gain; and (c) competing with the Company.

 

 

 

 

VI. Confidentiality

 

In carrying out the Company's business, Covered Persons may learn confidential or proprietary information about the Company, its clients, suppliers, or business collaborators. Confidential or proprietary information includes all non-public information relating to the Company, or other companies, that would be harmful to the relevant company or useful or helpful to competitors if disclosed. Covered Persons must maintain the confidentiality of all information entrusted to them, except when disclosure is authorized, required by regulatory agencies or legally mandated.

 

VII. Fair Dealing

 

Each Covered Person should endeavor to deal fairly with the Company's clients, service providers, suppliers, competitors and employees. No Covered Person may take unfair advantage of anyone through manipulation, concealment, abuse of privileged information, misrepresentation of material facts, or any unfair dealing practice.

 

VIII. Protection and Proper Use of Company Assets

 

All Covered Persons should protect the Company’s assets and ensure their efficient use. Theft, carelessness and waste have a direct impact on the Company’s profitability. All Company assets should be used for legitimate business purposes.

 

IX. Waivers

 

Any waiver of this Code for a director, a Senior Financial Officer or other executive officer may be made only by the Board and will be disclosed to the public as required by law or the rules of the New York Stock Exchange, when applicable. Waivers of this Code for other employees and their immediate family members may be made only by our General Counsel and will be reported to the Audit Committee.

 

X. No Rights Created

 

This Code is a statement of certain fundamental principles, policies and procedures that govern the Company’s Covered Persons in the conduct of the Company’s business. It is not intended to and does not create any rights in any employee, customer, client, visitor, supplier, competitor, shareholder or any other person or entity. It is the Company’s belief that the policy is robust and covers most conceivable situations.

 

 

 

 

Exhibit 99.1 

 

 

 

TINGO, INC. ANNOUNCES SUBMISSION OF LISTING APPLICATION

TO THE NEW YORK STOCK EXCHANGE

 

Company Seeks to Enhance Profile and Investor Reach

 

NEW YORK – (GLOBE NEWSWIRE) – (October 19, 2021) via InvestorWire – Tingo Inc, OTC Markets (IWBB) (“Tingo” or the “Company”) announced today that it has submitted an application to list its shares for trading with the New York Stock Exchange (NYSE). The application to the NYSE is part of the Company’s efforts to broaden its appeal to U.S. and international investors.  

 

Following unanimous approval at a meeting of The Tingo Board of Directors on October 18, 2021, the Company submitted an application to list its shares on the NYSE. Although there can be no guarantees that its listing application will be accepted, the Company believes that it will satisfy the NYSE’s initial listing criteria.

 

Tingo is a leading Agri-Fintech business in Africa and has delivered significant impact with its unique rural communities-based business model. Our goal is to become Africa’s leading Agri-Fintech business delivering significant social impact to many rural communities providing a unique platform to enable financial inclusion, social upliftment, wealth creation and a sophisticated marketplace to promote their produce to markets both domestic and international. Tingo has have over 4,000 women agents that support the rollout of our services in Nigeria alone. The Company remains very active to promote women entrepreneurs to support gender equality and opportunity to this underserved segment of the market. As of December 31, 2020, Tingo had 9,344,000 subscribers. The Company is confident that these figures will grow through its planned expansion across Africa and natural progression of business in Nigeria.

 

The Company believes that an uplisting on the NYSE will provide a platform to enhance the Tingo brand and provide the market with a unique opportunity to invest in an enterprise that will deliver significant social change and impact across Africa . Tingo’s optimal market model goes a long way towards solutions to Food Security – a major challenge in Africa and beyond – through its Agri-Fintech marketplace powered through use of smartphones known as NWASSA. This strategy of ‘device as a service’ allows millions of people to gain access to multiple social, financial and agri-services the Company intends to roll out over time.

 

 

 

 

The Company’s goals are aligned to the United Nations Sustainable Development Goals and ESG principles, creating true impact for people across Africa. Tingo is a unique market offering with its fintech solutions which will deliver significant value and is arguably at the top of its comparators having proven a fair but very profitable business model with significant recurring revenues already established.

 

Dozy Mmobuosi, Tingo CEO remarked that “I have dedicated the past 20 years, leading Tingo to become a highly profitable company that focuses on making a genuine impact to people in rural communities. My vision has always been to bring technology and opportunity to our customers through financial inclusion, poverty reduction and food security.

 

I am delighted to announce our plans to uplist on the NYSE. This is an important step forward for Tingo. The NYSE is the premier exchange in the United States and one that will raise our profile to the broader investment community. The uplist will both increase liquidity in our shares, and ultimately create shareholder value in line with our international peer groups.

 

I am excited to announce expansion plans and partnerships that will further highlight our commitment to UN SDG’s which will deliver greater returns for our investors.”

 

Also commenting on the listing application, John J. Brown, Co-Chairman of Tingo stated: “Tingo is a company that is bringing the future into the present in the African marketplace. It is now time for the rest of the investing world to discover this unique company, there is no better place to do this than the New York Stock Exchange.”  

 

Christope Charlier, Co-Chairman of Tingo highlighted: “I am delighted to be part of Tingo and this is a landmark transaction for an African company on international capital markets. I believe this will pave the way for this and other African technology companies to attract global investors and the valuations they deserve.”

 

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About Tingo

 

Tingo is is the leading Agri fintech company operating in Africa, with a marketplace platform that empowers social upliftment through mobile, technology and financial access for rural farming communities. Our unique ‘device as a service’ model allows us to add market leading applications to enable customers to trade, buy top ups, pay bills, access insurance and lending services.  With approximately 9 million customers and over 30 million mobile devices sold, Tingo is seeking to expand its operations across select markets in Africa.  The Company’s strategic plan is to become the eminent Pan African Agri-Fintech business delivering social upliftment and financial inclusion to millions of SME farmers and women-led businesses. Additional information about the Company can be found at www.tingoinc.com.

 

Safe Harbor and Forward-Looking Statements

 

This press release contains certain forward-looking statements regarding possible future circumstances. These forward-looking statements are based upon the Company’s current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements including, in particular, any risks and uncertainties with respect to the Company’s operations, as well as those contained in the Company’s quarterly, annual, and periodic filings with the Securities and Exchange Commission. Actual results, events, and performance may differ. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. The Company undertakes no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of any statement in this release does not constitute an admission by the Company or any other person that the events or circumstances described in such statements are material. 

 

Contacts

 

Corporate and Media Contacts:

Tingo, Inc.

(646) 847-0144

 

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