other material
confidence high
sentiment neutral
materiality 0.50
Global Technologies converts subsidiary to corporation as step toward spin-off
GLOBAL TECHNOLOGIES LTD
- On January 3, 2022, filed Articles of Conversion to convert Markets on Main, LLC to Florida profit corporation.
- New entity named Markets on Main, Inc.; authorized common stock 500M shares at $0.001 par value.
- Preferred stock authorized 5M shares at $0.001 par value.
- Conversion part of announced plan to spin-off Markets on Main to Global Technologies shareholders.
- Principal office remains at 501 1st Ave N., Suite 901, St. Petersburg, FL.