---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-180573"
form_type: "8-K"
ticker: null
cik: "0001848821"
company_name: "Global Technology Acquisition Corp. I"
filed_at: "2023-06-30T23:59:59+00:00"
generated_at: "2026-06-13T14:21:16.449956+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# GTAC enters $1.5M promissory note with sponsor for working capital

## Summary
- Sponsor provides up to $1.5M unsecured loan, no interest, for operating expenses.
- Principal due upon business combination or liquidation; forgivable if no combination.
- Sponsor may convert up to $1.5M of principal into warrants at $1.00 per warrant, same terms as private placement.
- Note dated June 29, 2023; draws require written request, minimum $10K.
- Standard SPAC working capital bridge; no other material terms.

## SEC filing metadata
- accession: 0001193125-23-180573
- form_type: 8-K
- cik: 0001848821
- company_name: Global Technology Acquisition Corp. I
- filed_at: 2023-06-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1848821/000119312523180573/0001193125-23-180573-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1848821/000119312523180573/d517397d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-180573
- JSON: https://secwatch.observer/filing/0001193125-23-180573.json
- Plain text: https://secwatch.observer/filing/0001193125-23-180573.txt

## Key facts
- Debt Financings
  Global Technology Acquisition Corp. I incurred loan of up to $1,500,000 with Global Technology Acquisition I Sponsor at bears no interest maturing the earliest to occur of (i) the date on which the Company consummates an initial business combination or (ii) the date of the liquidation of the Company.
  - Instrument: loan
  - Principal: up to $1,500,000
  - Counterparty: Global Technology Acquisition I Sponsor
  - Rate: bears no interest
  - Maturity: the earliest to occur of (i) the date on which the Company consummates an initial business combination or (ii) the date of the liquidation of the Company
  - Event: incurrence
  source text: On June 29, 2023, Global Technology Acquisition I Sponsor, a Cayman Islands exempted limited partnership (the “Sponsor”), entered into an unsecured promissory note (the “Note”) with Global Technology Acquisition Corp. I, a Cayman Islands exempted company (“GTAC” or the “Company”), providing for an aggregate amount of loans up to $1,500,000 to fund the Company’s operating expenses.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1848821/000119312523180573/0001193125-23-180573-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.