other material
confidence medium
sentiment neutral
materiality 0.30
Global Technologies forms subsidiary Tersus Power for planned name change via merger
GLOBAL TECHNOLOGIES LTD
- Board elected on March 12, 2022 to form Tersus Power, Inc. as a new subsidiary.
- Purpose is to enter into an Agreement and Plan of Merger to effect a name change.
- Articles of Incorporation for Tersus Power filed with Delaware Secretary of State on March 15, 2022.
- No financial terms or shareholder impact disclosed in the filing.