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25 - Tingo Group, Inc. (0000854800) (Filer)
Net Revenues for the 9 Months Ended September 30, 2023 Amounted to $2.41 Billion Operating Profit for the 9 Months Ended September 30, 2023 Amounted to $492.5 Million and EBITDA1 for the 9 Months Amounted to $777.9 Million Lease of 6 Million New Phones and Corresponding Customer Onboarding to Nwassa Platform Scheduled to Commence from December 2023 International Expansion Gaining Pace with Pilot Program Launch in Malawi and MOU Signed with Government of Pakistan for Nationwide Rollout Management to Host Conference Call Today at 8:00 a.m. Eastern Time MONTVALE, N.J., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ:
MONTVALE, N.J., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ:TIO) ("Tingo" or the "Company"), a profitable multi-national fintech, agri-fintech, food processing and commodity trading company, today announced that it will hold a conference call on Tuesday November 14, 2023 at 8:00 a.m. Eastern Time to present its results for the third quarter ended September 30, 2023 and provide a business update. A press release detailing the results will be issued prior to the call. A presentation will accompany the conference call, which can be viewed during the webcast or accessed via the investor relations section of the Company's website here. The conference call will be followed by a
Conversion of Series B Preferred Stock Expected to Occur within Extended Forbearance Period Provides Update on Previously Announced Dividend MONTVALE, N.J., Sept. 29, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ:TIO) ("Tingo" or the "Company"), a profitable and fast growing fintech, agri-fintech, and food company, today announced it has entered into a new forbearance agreement with the holder of the Company's Series B Preferred Stock, under the terms of which the holder will extend the redemption period until at least December 31, 2023. Having previously entered into a forbearance agreement on July 5, 2023, whereby the holder of the Series B Preferred Stock agreed to forbear until
MONTVALE, N.J., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ:TIO) ("Tingo" or the "Company") today announced that the Company intends to voluntarily terminate the listing of its common stock on the Nasdaq Stock Market ("Nasdaq"). As previously disclosed by the Company: On November 13, 2023, the Company was notified by Nasdaq that it was not in compliance with Nasdaq Listing Rule 5550(a)(2), the minimum bid price rule, because its common stock failed to achieve a closing bid price of $1.00 or more for 30 consecutive business days. The Notification Letter provided that the Company had 180 days, or until May 13, 2024, to regain compliance, by maintaining a closing bid price o
MONTVALE, N.J., Jan. 12, 2024 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ:TIO) ("Tingo" or the "Company") today announced that on January 4, 2024, it received written notice (the "Notice") from The Nasdaq Stock Market ("Nasdaq") indicating that, as a result of the Form 8-K filed by the Company on December 26, 2023, which disclosed that its previously issued financial statements for the year ended December 31, 2022, and the Forms 10-Q for the periods ended March 31, June 30, and September 30, 2023 (the "Filings"), should no longer be relied upon pending further investigation, the Company is no longer in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of all re
MONTVALE, N.J., Dec. 20, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ:TIO) ("Tingo" or the "Company"), has today announced that Mr. Dozy Mmobuosi has temporarily stepped down as Interim Co-Chief Executive Officer and Member of the Board of Directors in connection with an order sought by the Securities & Exchange Commission (the "SEC") to prohibit him from acting as an officer or director of a public company. In addition, by mutual agreement with the Company's Board of Directors, Mr. Mmobuosi will remain stood down until cleared of the allegations made against him. Having completed a detailed investigation between June 2023 and August 30, 2023 into the allegations made against the
SEC filed fraud charges on December 18 against the Tingo CEO Dozy Mmobuosi and his companies
Tingo Group, Inc. (NASDAQ:TIO) ("Tingo" or the "Company"), has today announced that Mr. Dozy Mmobuosi has temporarily stepped down as Interim Co-Chief Executive Officer and Member of the Board of Directors in connection with an order sought by the Securities & Exchange Commission (the "SEC") to prohibit him from acting as an officer or director of a public company. In addition, by mutual agreement with the Company's Board of Directors, Mr. Mmobuosi will remain stood down until cleared of the allegations made against him. Having completed a detailed investigation between June 2023 and August 30, 2023 into the allegations made against the Company by Hindenburg Research, which was carried out b
MONTVALE, N.J., Oct. 02, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ:TIO) ("Tingo" or the "Company"), a profitable and fast growing fintech, agri-fintech, and food company, today announced a further significant strengthening of its Board of Directors and Executive Team through the appointments of Amir Ayalon as the Group's Chief Financial Officer, C. Derek Campbell as a Group Independent Director and Chairman of the Company's new Strategic Growth Committee, and Gabriel David as Chief Audit Executive. All three appointments, which are effective immediately, bring a wealth of financial, strategic and leadership expertise and experience to the Company. Having qualified as a Certified
MONTVALE, N.J., Sept. 18, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ:TIO) ("Tingo" or the "Company"), a profitable and fast growing fintech, agri-fintech, and food company, today announced the appointments of Dozy Mmobuosi and Kenneth Denos each as interim co-Chief Executive Officers, following the decision by Darren Mercer to retire to spend time with his young family and to coincide with his milestone birthday yesterday. Mr. Mercer has led the Company through numerous key developments and milestones in its recent history, including its transformational acquisitions of Tingo Mobile Limited and Tingo Foods Plc, as well as a rigorous investigation and response to allegations made by
MONTVALE, N.J., June 08, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ:TIO) ("Tingo" or the "Company"), a profitable and fast growing fintech and agri-fintech company, today announced that it has engaged White & Case LLP, a leading international law firm, to conduct an independent review reporting to its independent directors concerning allegations contained in a report published by short seller Hindenburg Research ("Hindenburg") on June 6, 2023. Prior to today's appointment of White & Case LLP, the Company had commenced its own review to confirm, among other things, the number of farmers on Tingo Mobile and the Nwassa platform, the relationships with its contracted cooperatives, the