GLOBAL TECHNOLOGIES LTD (GTLL): debt financing — Global Technologies issues $20K convertible note to Hillcrest Ridgewood Partners

GLOBAL TECHNOLOGIES LTD

$20,000 principal, 8% annual interest, maturity July 18, 2024.
Conversion price of $0.0001 per share, adjustable for stock splits/dividends.
Default interest 18% per annum; default amount equals 150% of outstanding principal plus accrued interest.
Issuance exempt from registration under Securities Act Section 4(a)(2) and Rule 506(b).
Note convertible anytime at holder's option; shares to be issued without restrictive legends after 6 months.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

GLOBAL TECHNOLOGIES LTD incurred convertible notes of $20,000 with Hillcrest Ridgewood Partners, LLC at 8% per annum maturing July 18, 2024.

Instrument: convertible notes
Principal: $20,000
Counterparty: Hillcrest Ridgewood Partners, LLC
Rate: 8% per annum
Maturity: July 18, 2024
Event: incurrence

Exact text from the filing

On July 18, 2023, the Company executed a Convertible Note payable to Hillcrest Ridgewood Partners, LLC (the “Holder”) in the principal amount of $20,000.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

GLOBAL TECHNOLOGIES LTD entered into Convertible Note with Hillcrest Ridgewood Partners, LLC valued at $20,000 (effective 2023-07-18).

Action: entry
Agreement: notes offering
Counterparty: Hillcrest Ridgewood Partners, LLC
Value: $20,000
Effective: 2023-07-18

Exact text from the filing

On July 18, 2023, the Company executed a Convertible Note payable to Hillcrest Ridgewood Partners, LLC (the “Holder”) in the principal amount of $20,000.

View on SEC.gov

103 debt financings filed in the last 30 days. Browse all debt financings →

GLOBAL TECHNOLOGIES LTD filing history →

Source: SEC EDGAR

accession 0001493152-23-025244

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.