{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-021780","form_type":"8-K","ticker":"GTLL","cik":"0000932021","company_name":"GLOBAL TECHNOLOGIES LTD","filed_at":"2023-06-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.916139+00:00","generated_at":"2026-06-13T22:12:02.131107+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Global Technologies to acquire Fox Trot Tango for $6.5M in cash and stock","bullets":["Purchase price includes assumption of $1.5M note, $1.6M convertible secured note, and 680 Series L Preferred shares valued at $3.4M.","Target owns ~25 acres of land and a 250,000 sq ft warehouse in Sylvester, GA.","Closing expected within 60 days after satisfaction of conditions; $15,000 cash deposit paid at signing.","Seller has right to reclaim membership units if Buyer defaults on payment obligations."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-021780","json":"https://secwatch.observer/filing/0001493152-23-021780.json","markdown":"https://secwatch.observer/filing/0001493152-23-021780.md","text":"https://secwatch.observer/filing/0001493152-23-021780.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/932021/000149315223021780/0001493152-23-021780-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/932021/000149315223021780/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T22:12:02.131107+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ff78831c37499b9b22e8d721b9da2c62e954addf","claim":"GLOBAL TECHNOLOGIES LTD entered into Membership Interest Purchase Agreement with TXC Services, LLC valued at $6,500,000 (effective 2023-06-13).","evidence_excerpt":"On June 13, 2023, the Company (the “Buyer”) and TXC Services, LLC (the “Seller”) (together, the “Parties”) entered into a Membership Interest Purchase Agreement (the “MIPA”) for the purchase of all 2,500,000 issued and outstanding Membership Units (the “Membership Units”) of Fox Trot Tango, LLC (“FTT”), a Delaware limited liability company. The purchase price for the purchase of all Membership Units shall be $6,500,000 payable from the Buyer to the Seller as follows:","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/932021/000149315223021780/0001493152-23-021780-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"TXC Services, LLC"},{"label":"Value","value":"$6,500,000"},{"label":"Effective","value":"2023-06-13"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}