Global Technologies terminates Tersus Power share exchange agreement; rescinds name change and reverse stock split

GLOBAL TECHNOLOGIES LTD

Notified Tersus on May 24, 2023 of termination under section 5.1(a)(iv) of the Exchange Agreement.
Board rescinds previously announced corporate name change to Tersus Power, Inc.
Board rescinds previously announced reverse stock split of Class A Common Stock.
Exchange Agreement originally entered into March 2022; no deal value disclosed.

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