---
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"
generated_at: "2026-06-13T22:12:02.131107+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Global Technologies to acquire Fox Trot Tango for $6.5M in cash and stock

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-021780
- JSON: https://secwatch.observer/filing/0001493152-23-021780.json
- Plain text: https://secwatch.observer/filing/0001493152-23-021780.txt

## Key facts
- Material Agreements
  GLOBAL TECHNOLOGIES LTD entered into Membership Interest Purchase Agreement with TXC Services, LLC valued at $6,500,000 (effective 2023-06-13).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: TXC Services, LLC
  - Value: $6,500,000
  - Effective: 2023-06-13
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/932021/000149315223021780/0001493152-23-021780-index.htm

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