---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-001955"
form_type: "8-K"
ticker: "GTLL"
cik: "0000932021"
company_name: "GLOBAL TECHNOLOGIES LTD"
filed_at: "2022-01-21T23:59:59+00:00"
generated_at: "2026-06-27T16:41:42.334962+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Global Technologies issues $43,750 convertible note with 39% discount; 286.9M shares reserved

## Summary
- $43,750 convertible note issued to Sixth Street Lending, 8% interest, matures Jan 13, 2023; convertible after 180 days at 61% of lowest 10-day bid price.
- 286,885,245 shares reserved for conversion, representing six times the shares issuable at current conversion price.
- Default interest of 22% applies to unpaid amounts; note carries 4.99% beneficial ownership limitation.

## SEC filing metadata
- accession: 0001493152-22-001955
- form_type: 8-K
- ticker: GTLL
- cik: 0000932021
- company_name: GLOBAL TECHNOLOGIES LTD
- filed_at: 2022-01-21T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/932021/000149315222001955/0001493152-22-001955-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/932021/000149315222001955/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-001955
- JSON: https://secwatch.observer/filing/0001493152-22-001955.json
- Plain text: https://secwatch.observer/filing/0001493152-22-001955.txt

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