---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-025244"
form_type: "8-K"
ticker: "GTLL"
cik: "0000932021"
company_name: "GLOBAL TECHNOLOGIES LTD"
filed_at: "2023-07-21T23:59:59+00:00"
generated_at: "2026-06-13T05:18:07.091372+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# Global Technologies issues $20K convertible note to Hillcrest Ridgewood Partners

## Summary
- $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.

## SEC filing metadata
- accession: 0001493152-23-025244
- form_type: 8-K
- ticker: GTLL
- cik: 0000932021
- company_name: GLOBAL TECHNOLOGIES LTD
- filed_at: 2023-07-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/932021/000149315223025244/0001493152-23-025244-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/932021/000149315223025244/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-025244
- JSON: https://secwatch.observer/filing/0001493152-23-025244.json
- Plain text: https://secwatch.observer/filing/0001493152-23-025244.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/932021/000149315223025244/0001493152-23-025244-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/932021/000149315223025244/0001493152-23-025244-index.htm

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