Trutankless, Inc. announced a financing transaction
May 28, 2020
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Trutankless, Inc. (OTCPK:TKLS) announced that it will receive $3,000,000 in funding on May 29, 2020. The company will issue convertible equity, convertible debt and option, warrant or other right to acquire another security in the transaction. The company will issue securities pursuant to exemption provided under Regulation D.
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.