Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)
February 28 2023 - 3:48PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: February 28, 2023
Commission File Number: 001-39570
TIM S.A.
(Exact name of Registrant as specified in its Charter)
João
Cabral de Melo Neto Avenue, 850 – North Tower – 12th floor
22775-057 Rio de Janeiro, RJ, Brazil
(Address of principal executive office)
Indicate by check mark whether the registrant files or will
file annual reports under cover of Form 20-F or Form 40-F.
Form
20-F ☒ Form
40-F ☐
Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1).
Yes ☐ No ☒
Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7).
Yes ☐ No ☒
TIM S.A.
Publicly-Held Company
Corporate Taxpayer's ID (CNPJ/ME): 02.421.421/0001-11
Corporate Registry (NIRE): 33.300.324.631
NOTICE TO THE MARKET
5G INVESTMENT FUND
TIM S.A. ("TSA" or “Company”) (B3: TIMS3; NYSE: TIMB),
in accordance with article 157 of Law no. 6,404/1976 and with the provisions of CVM Resolution nº 44, informs its shareholders, the
market in general and other interested parties that:
TIM entered into a partnership with Upload Ventures Growth, LP (“Upload”)
– an independent venture capital manager – to create an investment fund (“5G Fund”) focused on solutions based
on 5G technology. The investments are aimed at developing companies from different sectors of the economy and at an early stage (startups
and scaleups), especially those that already have validated and consistent business models, supporting their growth plans. In addition
to financial contributions through the 5G Fund, invested companies will be able to count on access to TIM's industrial and technological
assets to leverage their growth.
The 5G Fund was designed in partnership with the investment manager
Upload, specialized in companies focused on technology and innovation and highly recognized in the Brazilian venture capital segment.
Upload's function will be to conduct the entire fundraising process for the 5G Fund, mapping, analyzing and choosing opportunities and,
subsequently, monitoring the results of the selected companies. Upload already has around 12 companies mapped as potential targets for
the first two years of operation of the 5G Fund.
It is expected that between 8 and 10 investments will be made with
average contributions between US$ 20 million and US$ 25 million each, in a period of two to three years, especially in Brazilian companies.
Through these contributions, a portfolio of investees totaling US$ 250 million will be constituted with resources from national and international
investors. TIM will be the main investor in the 5G Fund, contributing up to US$ 50 million over the next 24 months, but the objective
is for this to be an open initiative, aimed at connecting companies and projects in the main verticals of interest to the operator in
the B2B and B2B2C market – Agribusiness, Health, Transport, Logistics and Mining.
Through this initiative, the Company expects to accelerate one of
the aspects of its strategic plan communicated to the market during its investor day on May 4, 2022, promoting solutions and businesses
within the B2B/IOT ecosystem, while monetizing investments in 5G technology.
The Company will keep its shareholders and the market in general duly
informed about relevant updates related to its leadership, pursuant to CVM Resolution No. 44 and applicable legislation.
Rio de Janeiro, February 28th, 2023.
TIM S.A.
Alberto Mario Griselli
Chief Executive Officer and
Investor Relations Officer
SIGNATURES
Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
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TIM S.A. |
Date:
February 28, 2023 |
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By: |
/s/ Alberto
Mario Griselli |
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Alberto
Mario Griselli |
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Chief
Executive Officer, Chief Financial Officer and Investor Relations Officer |
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