GLOBAL TECHNOLOGIES LTD (GTLL): debt financing — Global Technologies issues $20K convertible note to Hillcrest Ridgewood at $0.0001/share

GLOBAL TECHNOLOGIES LTD

Convertible note principal of $20,000, interest 8% per annum, maturity July 18, 2024.
Conversion price set at $0.0001 per share; note convertible at holder's option anytime before maturity.
Default interest rate 18% or legal max; default amount equals 150% of outstanding principal plus interest.
Issuance exempt from registration under Securities Act Section 4(a)(2) and Rule 506(b) to accredited investor.
Amendment corrects original filing date to July 18, 2023 (previously misstated as May 31, 2023).

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 (the “Convertible Note”) payable to Hillcrest Ridgewood Partners, LLC (the “Holder”)(together, the “Parties”) in the principal amount of $20,000 and the Parties entered into a Securities Purchase Agreement (the “SPA”).

View on SEC.gov

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

GLOBAL TECHNOLOGIES LTD entered into Securities Purchase Agreement with Hillcrest Ridgewood Partners, LLC (effective 2023-07-18).

Action: entry
Agreement: equity purchase
Counterparty: Hillcrest Ridgewood Partners, LLC
Effective: 2023-07-18

Exact text from the filing

On July 18, 2023, the Company executed a Convertible Note (the “Convertible Note”) payable to Hillcrest Ridgewood Partners, LLC (the “Holder”)(together, the “Parties”) in the principal amount of $20,000 and the Parties entered into a Securities Purchase Agreement (the “SPA”).

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 (the “Convertible Note”) payable to Hillcrest Ridgewood Partners, LLC (the “Holder”)(together, the “Parties”) 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 0001493152-23-025374

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.