UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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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:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
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. ☐
Item 7.01 Regulation FD Disclosure.
On April 9, 2024, Trutankless, Inc. (the “Company”) issued a press release regarding the conversion of convertible debt to equity by some of its investors. A copy of the press release issued by the Company is attached as Exhibit 99.1 to this Current Report on Form 8-K, which is incorporated by reference solely for purpose of this Item 7.01 disclosure.
Exhibit 99.1 contains forward-looking statements. These forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are based upon assumptions as to future events that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed in these forward-looking statements.
The information set forth under this Item 7.01, including Exhibit 99.1, is being furnished and, as a result, such information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of such Section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
| TRUTANKLESS, INC. |
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Dated: April 12, 2024 | /s/ Guy Newman |
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| Guy Newman |
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| Principal Executive Officer |
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EXHIBIT 99.1
FOR IMMEDIATE RELEASE
Media Contact:
investors@trutankless.com
480-275-7572
Trutankless, Inc. Improves Balance Sheet
Transforms Approximately $3 Million in Debt Conversions into Equity
(PHOENIX) April 9, 2024 – PHOENIX, /PRNewswire/ -- Trutankless, Inc. (OTC: TKLS), the Company recently announced the launch of its new GEN3-series of products with design upgrades to its flagship Trutankless products. Today, the Company announces the conversion of convertible debt-to-equity by investors.
“This, and other strategic moves have reduced our future annual expenses by over $750,000.00 and are part of a plan to capitalize the company while realigning the investors to benefit from the growth of the brand.” stated CEO, Guy Newman.
About Trutankless, Inc.:
Trutankless, Inc. (OTC: TKLS) is a technology-driven developer of accessible, next-generation home automation and efficiency systems. The Company's primary products are a line of electric tankless water heaters that outperform other water heaters that are sold exclusively through to plumbing wholesale distributors and dealers. Trutankless, Inc. was founded in 2008 and is headquartered in Scottsdale, Arizona.
Please visit www.trutankless.com
Forward-Looking Statement: The statements in this press release regarding any implied or perceived benefits from the release are forward-looking statements. Such statements involve risks and uncertainties, including, but not limited to, risks of the key strategic sales and distribution partners ability to sell our product, and effects of legal and administrative proceedings and governmental regulation, especially in a foreign country, future financial and operational results, competition, general economic conditions, and the ability to manage and continue growth.
Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents we file from time to time with the SEC. We undertake no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. There is no guarantee that any specific outcome will be achieved. Past performance is not indicative of future results.
SOURCE Trutankless, Inc.
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Cover |
Apr. 09, 2024 |
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| Cover [Abstract] | |
| Entity Registrant Name | Trutankless, Inc. |
| Entity Central Index Key | 0001429393 |
| Document Type | 8-K |
| Amendment Flag | false |
| Entity Emerging Growth Company | false |
| Document Period End Date | Apr. 09, 2024 |
| Entity File Number | 000-54219 |
| Entity Incorporation State Country Code | NV |
| Entity Tax Identification Number | 26-2137574 |
| Entity Address Address Line 1 | 15900 North 78th Street |
| Entity Address Address Line 2 | Suite 200 |
| Entity Address City Or Town | Scottsdale |
| Entity Address State Or Province | AZ |
| Entity Address Postal Zip Code | 85260 |
| City Area Code | 480 |
| Local Phone Number | 275-7572 |
| Written Communications | false |
| Soliciting Material | false |
| Pre Commencement Tender Offer | false |
| Pre Commencement Issuer Tender Offer | false |