Streamlined Process and Stockholder Benefits
PHOENIX – Trutankless, Inc. made a significant announcement today, revealing its plans to spin off its wholly-owned subsidiary, Tankless365, Inc.
Shareholders of Trutankless, Inc. will receive shares of Tankless365, Inc. based on a pro-rata distribution ratio of 4:1.
On a date to be determined by the Board of Directors, known as the “Distribution Date,” each shareholder holding common stock as of that date will be entitled to receive one share of Tankless365, Inc. common stock for every four shares of Trutankless, Inc. common stock owned.
This distribution will result in the shareholders collectively owning 100% of the outstanding common stock of Tankless365, Inc.
Remarkably, Trutankless, Inc. stockholders need not take any action to participate in the distribution and receive their shares of Tankless365, Inc.’s common stock.
Trutankless, Inc.: Pioneering Home Automation and Efficiency Systems
Energy-efficient Water Heaters Driving Environmental Sustainability
Trutankless is a technology-driven company specializing in accessible, next-generation home automation and efficiency systems. The company’s primary product line consists of electric tankless water heaters, which outperform traditional tank water heaters in terms of energy efficiency, output, dependability, and environmental sustainability.
With a customer base comprising plumbing wholesale distributors and dealers nationwide, Trutankless, Inc. has established itself as a leading provider of innovative home solutions since its inception in 2008.
The company’s headquarters are located in Scottsdale, Arizona.
Tankless365, Inc.: Revolutionizing Lead Generation in Home Services
Enhancing Trade Professionals’ Efficiency in Lead Capture and Monetization
Tankless365, Inc., incorporated as a Nevada corporation on October 21st, 2021, operates as a wholly-owned subsidiary of Trutankless, Inc. Focusing on the mission to innovate lead generation within the home services industry, Tankless365 aims to augment the efficiency with which trade professionals capture and monetize leads in real-time.
To support its operations, Tankless365, Inc. has enlisted the services of Pacific Stock Transfer as its transfer agent.
With a streamlined process and the opportunity for stockholders to benefit from their ownership in both Trutankless, Inc. and Tankless365, Inc., this spin-off represents an exciting development for investors and stakeholders alike.
The strategic move enables Trutankless, Inc. to further concentrate on advancing its technology-driven home automation and efficiency systems, while Tankless365, Inc. positions itself as a leading force in revolutionizing lead generation within the home services sector.
More About Trutankless
Trutankless, Inc., founded in 2008 and headquartered in Scottsdale, Arizona, has established itself as a technology-driven developer of accessible, next-generation home automation and efficiency systems.
The company’s primary focus lies in the production and distribution of a line of electric tankless water heaters, which surpass traditional tank water heaters in terms of energy efficiency, output, dependability, and environmental sustainability.
Trutankless, Inc. has built strong business connections with plumbing wholesale distributors and dealers throughout the United States, positioning itself as a trusted provider of innovative home solutions.
Under the guidance of its dedicated management team, Trutankless, Inc. has achieved notable success in the industry, constantly striving to push boundaries and drive advancements in home automation and efficiency technology.
Sources: THX News & Trutankless Inc.
