Global Technologies to spin off subsidiary Markets on Main as stock dividend; record date in mid-Jan 2022

GLOBAL TECHNOLOGIES LTD

Board approved conversion of Markets on Main LLC to corporation MOM; authorized 500M common, 10M preferred shares.
GTLL shareholders will receive pro rata shares of MOM; company retains 19.99%, distributes 80.01%.
Record date and ratio to be announced by mid-January 2022; spin-off is part of Tersus Power merger.
Company expects to file corporate action with FINRA after closing Tersus Power merger; will file Registration Statement for MOM shares.

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.