secwatch.observer — SEC 8-K summary
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Issuer:     GLOBAL TECHNOLOGIES LTD (GTLL)
CIK:        0000932021
Form:       8-K
Filed at:   2022-01-05T23:59:59+00:00
Accession:  0001493152-22-000398
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Global Technologies converts subsidiary to corporation as step toward spin-off
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/932021/000149315222000398/0001493152-22-000398-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/932021/000149315222000398/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-000398

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