---
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"
generated_at: "2026-06-27T09:51:26.360398+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Global Technologies issues $43,750 convertible note with 39% discount; 358.6M shares reserved

## Summary
- 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%.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-003618
- JSON: https://secwatch.observer/filing/0001493152-22-003618.json
- Plain text: https://secwatch.observer/filing/0001493152-22-003618.txt

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