{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-22-003618","form_type":"8-K","ticker":"GTLL","cik":"0000932021","company_name":"GLOBAL TECHNOLOGIES LTD","filed_at":"2022-02-09T23:59:59+00:00","discovered_at":"2026-05-14T18:04:10.436727+00:00","generated_at":"2026-06-27T09:51:26.360398+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Global Technologies issues $43,750 convertible note with 39% discount; 358.6M shares reserved","bullets":["Convertible promissory note issued to Sixth Street Lending for $43,750 at 8% interest, due Feb 4, 2023.","Conversion price set at 61% of market price (39% discount), based on lowest bid price over prior 10 trading days.","358,606,557 shares reserved for conversion, representing massive potential dilution.","Investor is accredited; securities issued under Section 4(a)(2) and Rule 506(b) exemption.","Note cannot be prepaid; default interest rate 22%."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-22-003618","json":"https://secwatch.observer/filing/0001493152-22-003618.json","markdown":"https://secwatch.observer/filing/0001493152-22-003618.md","text":"https://secwatch.observer/filing/0001493152-22-003618.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/932021/000149315222003618/0001493152-22-003618-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/932021/000149315222003618/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-27T09:51:26.360398+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}