---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-018991"
form_type: "8-K"
ticker: "GTLL"
cik: "0000932021"
company_name: "GLOBAL TECHNOLOGIES LTD"
filed_at: "2023-05-25T23:59:59+00:00"
generated_at: "2026-06-14T15:28:07.965181+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-018991
- form_type: 8-K
- ticker: GTLL
- cik: 0000932021
- company_name: GLOBAL TECHNOLOGIES LTD
- filed_at: 2023-05-25T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/932021/000149315223018991/0001493152-23-018991-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/932021/000149315223018991/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-018991
- JSON: https://secwatch.observer/filing/0001493152-23-018991.json
- Plain text: https://secwatch.observer/filing/0001493152-23-018991.txt

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