secwatch.observer — SEC 8-K summary
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Issuer:     GLOBAL TECHNOLOGIES LTD (GTLL)
CIK:        0000932021
Form:       8-K
Filed at:   2021-12-20T23:59:59+00:00
Accession:  0001493152-21-032042
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Global Technologies lends $500K to Tersus Power via secured promissory note
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- GTLL advanced $150K of $500K principal to Tersus Power, secured by all assets.
- Note bears 5% annual interest, amortized over 25 years, balloon payment Dec 14, 2026.
- First tranche of $37.5K advanced Dec 14, 2021; $150K advanced by filing date.
- Proceeds to be used for hydrogen fueling stations, real property, equipment, and IP.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/932021/000149315221032042/0001493152-21-032042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/932021/000149315221032042/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-032042

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer