Item 1.01 Entry into a Material Definitive Agreement

On October 20, 2022, TPT Strategic, Inc. ("TPT Strategic"), a majority owned subsidiary of TPT Global Tech, Inc., completed the Acquisition and Purchase Agreement ("Agreement") with Information Security and Training, LLC ("IST"), an Alabama corporation. Since 2008, IST has been a general construction and information technology services company based in Huntsville, Alabama. IST has a full-time government procurement team that dedicates resources to source State and Federal contracts such as 5G Telecommunication, IT, Data, Satellite Technology, Medical Technology, Media, Defense Systems, Cyber Security and infrastructure building.

The Agreement for the acquisition includes the assumption of all IST assets and certain liabilities which approximate $1.2M and $1.3M, respectively, as of December 31, 2021. The sole IST interest holder, Everett Lanier, will receive 500,000 Restricted Preferred Series B Shares of TPT Strategic, Inc. that will convert to a 10% ownership of TPT Strategic under certain conditions. Everett Lanier will remain as the President of IST and will become a Board Member of TPT Strategic.

With the acquisition of IST, TPT Strategic has been restructured as the new real estate construction technology and Smart City Development division of TPT Global Tech, Inc.

Item 2.03 Creation of Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

See the disclosures under Item 1.01 of this Current Report on Form 8-K, incorporated herein by this reference.

Item 7.01 Regulation FD Disclosure.





Press Release

The information in this Item 7.01 of this Current Report is furnished pursuant to Item 7.01 and shall not be deemed "filed" for any purpose, including for the purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that Section. The information in this Current Report on Form 8-K shall not be deemed incorporated by reference into any filing under the Securities Act or the Exchange Act regardless of any general incorporation language in such filing.

On October 19, 2022, the Company issued a press release entitled "TPT Global Tech Closes Merger Acquisition Between its Subsidiary TPT Strategic and IST LLC a Construction Company with $5.4 Million in Backlogged Revenue." A copy of the press release is attached hereto as Exhibit 99.1.





Item 9.01 Exhibits

The following exhibits are filed with this report on Form 8-K.





Exhibit
 Number                                    Exhibit
  2.1        Acquisition and Purchase Agreement
  2.2        First Addendum to Acquisition Agreement
  99.1       Press Release dated October 19, 2022
  104      Cover Page Interactive Data File (embedded within the Inline XBRL
           document)





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