---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-21-032397"
form_type: "8-K"
ticker: "GTLL"
cik: "0000932021"
company_name: "GLOBAL TECHNOLOGIES LTD"
filed_at: "2021-12-23T23:59:59+00:00"
generated_at: "2026-06-27T22:47:26.414256+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-21-032397
- form_type: 8-K
- ticker: GTLL
- cik: 0000932021
- company_name: GLOBAL TECHNOLOGIES LTD
- filed_at: 2021-12-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/932021/000149315221032397/0001493152-21-032397-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/932021/000149315221032397/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-21-032397
- JSON: https://secwatch.observer/filing/0001493152-21-032397.json
- Plain text: https://secwatch.observer/filing/0001493152-21-032397.txt

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