GTLL to acquire Tersus Power in share exchange for 75% of post-closing stock

GLOBAL TECHNOLOGIES LTD

GTLL enters Share Exchange Agreement to acquire Tersus Power; Tersus shareholders receive 75% of GTLL's outstanding shares post-closing.
Closing conditions include name change to "Tersus Power, Inc." and a reverse stock split in range 1:1,000 to 1:4,000.
All Series K and L preferred stock must convert to Class A common before closing.
Tersus shareholders will appoint nominees to GTLL's board; deal may terminate if not closed by June 30, 2022.

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