DLT Resolution terminates joint venture with GMTI; potential 12.8M share issuance unresolved

DLT Resolution Inc.

JV with GMTI entered April 13, 2025, to establish auto trade business; mutually terminated as of Sept 5, 2025, with no consideration exchanged.
Up to 12,763,000 shares of DLT common stock were contemplated; 6,013,000 shares previously issued under rescinded SPA and JV remain disputed.
GMTI failed to advance operations, did not make $5M credit facility available, and trade name license not delivered.
Charles Brofman resigned from board on Aug 24, 2025; company continues to negotiate new JV but no agreement reached.
JV termination resolves uncertainty for SEC filings, but leaves revenue growth plan without GMTI.

item 1.01item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.