TNRG
Industry:
Capital Markets Real Estate Development & Services

DESCRIPTION

Thunder Energies is a Florida-based pre-revenue development-stage company that is attempting to reposition itself as a diversified investment holding company. Under new management since early 2022, the company pivoted away from a prior CBD/hemp retail business and now aims to build a portfolio of cash-flowing assets across commercial real estate, entertainment venues, residential real estate, precious metals and mineral mining, and fixed-income investments. The company's most concrete effort is the Bear Village project, a planned resort and development in Commerce, Georgia, where the company signed a contract to acquire roughly 66 acres for approximately $4.9M and has engaged third parties for engineering, environmental, and feasibility studies. No resort or entertainment venue is operational. The company has funded itself primarily through convertible notes and stock issuances, including issuing large amounts of stock and preferred shares to officers, consultants, and advisors in lieu of cash. The company also entered into a marketing sponsorship with the Las Vegas Aces women's basketball team for approximately $2.7M over three years, primarily for brand-building ahead of a planned Regulation A Tier II public offering at $5.00 per share, which had not yet been authorized by the SEC as of the filing. The company has not yet generated meaningful revenue from any of its planned activities.

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