Trutankless, Inc. agreed to Spin-Off Tankless365, Inc.
July 14, 2023
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The Board of Trutankless, Inc. (OTCPK:TKLS) announced the spin-off of Tankless365, Inc. on July 15, 2023. As per the transaction, shareholders of Trutankless, Inc having common stock as of the distribution date will be entitled to receive shares of the common stock of Tankless365, Inc. pro rata based on a 4:1 ratio. So that for each four shares of common stock of Trutankless, Inc. held by a shareholder on the record date, the shareholder will receive one share of common stock of Tankless365, Inc. Immediately following the distribution, those stockholders will own 100% of the outstanding common stock of Tankless365, Inc.
Trutankless, Inc. operates through its subsidiary, Bollente, Inc. The Company is involved in sales, marketing, research and development of whole-house, smart electric tankless water heaters. Its trutankless water heaters are designed to provide an endless hot water supply as they are designed to heat water as it flows through the system. The Companyâs trutankless water heaters are available through wholesale plumbing distributors, including Home Depot Pro, Ferguson, Hajoca, WinSupply locations, Morrison Supply, and several regional distributors. Through its app, residential and commercial users can obtain real-time status reports, adjust unit temperature settings, view water usage data, and change notification settings from anywhere in the world on their mobile device. Home.trutankless.com is available as a service to consumers of trutankless water heaters. The Company's primary markets include Florida, Texas, Arizona, and the rest of the Sunbelt region.
TRUTANKLESS, INC. 
