---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-006515"
form_type: "8-K"
ticker: "GTLL"
cik: "0000932021"
company_name: "GLOBAL TECHNOLOGIES LTD"
filed_at: "2022-03-10T23:59:59+00:00"
generated_at: "2026-06-27T00:14:42.174014+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-22-006515
- form_type: 8-K
- ticker: GTLL
- cik: 0000932021
- company_name: GLOBAL TECHNOLOGIES LTD
- filed_at: 2022-03-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/932021/000149315222006515/0001493152-22-006515-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/932021/000149315222006515/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-006515
- JSON: https://secwatch.observer/filing/0001493152-22-006515.json
- Plain text: https://secwatch.observer/filing/0001493152-22-006515.txt

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