secwatch.observer — SEC 8-K summary
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Issuer:     GLOBAL TECHNOLOGIES LTD (GTLL)
CIK:        0000932021
Form:       8-K
Filed at:   2023-06-20T23:59:59+00:00
Accession:  0001493152-23-021780
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/932021/000149315223021780/0001493152-23-021780-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/932021/000149315223021780/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-021780

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