25 - Tingo Group, Inc. (0000854800) (Filer)
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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
MONTVALE, N.J., Nov. 29, 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 it has received a request for information from The Nasdaq Stock Market ("Nasdaq"). While the temporary suspension of trading in the Company's Securities imposed by the Securities & Exchange Commission on November 14, 2023 expired at 11:59 pm EST on November 28, 2023, Nasdaq have advised they will continue to keep the Company's securities halted pending their review of the requested information. The Company intends to make its response to Nasdaq's information request wi
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:
AFAN Launches Nationwide Marketing of the Nwassa Marketplace Platform to all its Members AFAN to Promote Nwassa Platform to its Farmers as their Recommended Method for the Purchase of Farming Inputs; Sale of Agricultural Produce; and Purchase of a Range of Value-added Services Six Million New Tingo Mobile Smartphones to be Leased by AFAN Beginning in December 2023 First Rice Harvest on Land Cultivated Through AFAN and Tingo Mobile Partnership Commenced, Plans to Increase Scope of the Program to Cultivate Larger Areas of Land Tingo Mobile, AFAN and PCX Partnership's Warehouse Network Now Being Utilized Nationwide MONTVALE, N.J., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASD
Kevin Chen to Re-Assume Duties as Group Chief Financial Officer on an Interim Basis Amir Ayalon to Move into Part-Time Consulting Role as a Result of Circumstances in Israel MONTVALE, N.J., Nov. 13, 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 a change of personnel in connection with the role of Group Chief Financial Officer. Amir Ayalon, who accepted the position of Group Chief Financial Officer on October 2, 2023, has moved into a part-time consultancy role due to a significant change in his personal circumstances. Mr. Ay
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
MONTVALE, N.J., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ:TIO) ("Tingo" or the "Company"), a profitable and fast growing fintech, agri-fintech, food and commodity trading company, today announced that it has executed a Memorandum of Understanding ("MOU") with the Khyber Pakhtunkhwa Information Technology Board ("KPITB") to launch and roll out the Company's business and service offerings into Pakistan. KPITB is a governmental body established in the Province of the Khyber Pakhtunkhwa, Pakistan, for the promotion of information technology for the public and private sector. The MOU, which was signed in Peshawar by representatives of each of the parties, defines how KPITB in
MONTVALE, N.J., Oct. 20, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ:TIO) ("Tingo" or the "Company"), a profitable and fast growing fintech, agri-fintech, food and commodity trading company, today announced the opening of a prestigious new Africa headquarters in Lagos, Nigeria. The new headquarters, which is located in the main business and financial center of Victoria Island, Lagos, becomes the Company's second office in the city, complementing its former headquarters, on Lagos Island, which has now become Tingo's commodity trading and operational support office. The new three-story 60,000 square foot headquarters building has capacity to accommodate a workforce of up to
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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
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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., Sept. 06, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ:TIO) ("Tingo" or the "Company"), a profitable and fast growing fintech, agri-fintech and food company, today issues a response to a statement made by short seller Hindenburg Research ("Hindenburg") on September 5, 2023. The Company noted that Hindenburg has once again attempted to repeat its previous allegations despite the completion of a detailed investigation into the short-seller report of June 6, 2023, which disproved all such allegations. Stockholders are reminded of Hindenburg's disclaimers in its short seller report and subsequent statements, which disclose the following: "Hindenburg R
MONTVALE, N.J., Sept. 01, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ:TIO) ("Tingo" or the "Company"), a profitable and fast growing fintech, agri-fintech and food company, today issues a response to further allegations made by short seller Hindenburg Research ("Hindenburg") on August 31, 2023. Response to further allegations issues by Hindenburg on August 31, 2023: Conduct of the Investigations We stated the following within our press release dated August 30, 2023: "At the direction of the Company's independent directors, independent counsel investigated certain of the Hindenburg allegations and provided the independent directors with an interim report summarizing evidence it ha
Net Revenues for the Second Quarter 2023 of $977.2 Million, an Increase of 8,072% Compared to Q2 2022 Removal of Certain of Nigeria's Foreign Exchange Restrictions Expected to Accelerate Dollarization of Business, However U.S. Dollar Conversion of Financial Results of Tingo Mobile and Tingo Foods for Second Quarter Adversely Impacted by Devaluation of Naira Export Business Commenced Sales in May 2023, Generating $348.0 Million of Revenues in Q2 2023 Investment Purchase of 6 Million Tingo Mobile Handsets for New All Farmers Association of Nigeria Customers, Expected to be Delivered within the Next 60 Days Announces Board Approval of Quarterly Dividends, to Set Record Data as Soon as Pra
MONTVALE, N.J., Aug. 30, 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 will hold a conference call on Thursday August 31, 2023 at 8:00 a.m. Eastern Time to present its results for the second quarter ended June 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 question-and-answer period. Questi
MONTVALE, N.J., Aug. 21, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ:TIO) ("Tingo" or the "Company") announced today that it has further postponed its second quarter 2023 earnings release and conference call and the filing of its Form 10-Q for the period ended June 30, 2023. Although progress has been made with regard to the independent review of the allegations made in the Hindenburg short-seller report, the independent review is still ongoing. As such, the Company and the independent auditors require additional time to complete the preparation of the Form 10-Q and financial statements. About Tingo Group Tingo Group, Inc. (NASDAQ:TIO) is a global Fintech and Agri-Fintech group o
MONTVALE, N.J., Aug. 21, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ:TIO) ("Tingo" or the "Company") announced today that it has briefly postponed its second quarter 2023 conference call and the filing of its Form 10-Q for the period ended June 30, 2023, to after the market closes today. The Company has rescheduled its second quarter 2023 conference call to take place at 5:00 p.m. Eastern Time today, Monday August 21, 2023, at which time the Company will present its results for the second quarter ended June 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
MONTVALE, N.J., Aug. 09, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ:TIO) ("Tingo" or the "Company") announced today that it has briefly postponed its second quarter 2023 conference call and the filing of its Form 10-Q for the period ended June 30, 2023. This is to allow independent counsel, retained by Tingo's independent directors, the additional time it requires to complete its independent review of the allegations made in the Hindenburg short-seller report. Tingo's independent directors believe it is in the best interest of both the Company and its shareholders for the independent directors to receive the report of the independent review ahead of the Company hosting its earni