{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-025374","form_type":"8-K/A","ticker":"GTLL","cik":"0000932021","company_name":"GLOBAL TECHNOLOGIES LTD","filed_at":"2023-07-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.078385+00:00","generated_at":"2026-06-13T04:42:39.990916+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"confidence":"high","headline":"Global Technologies issues $20K convertible note to Hillcrest Ridgewood at $0.0001/share","bullets":["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)."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-025374","json":"https://secwatch.observer/filing/0001493152-23-025374.json","markdown":"https://secwatch.observer/filing/0001493152-23-025374.md","text":"https://secwatch.observer/filing/0001493152-23-025374.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/932021/000149315223025374/0001493152-23-025374-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/932021/000149315223025374/form8-ka.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T04:42:39.990916+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6722ef268de20e59d9df4d30b6d161013bb773ad","claim":"GLOBAL TECHNOLOGIES LTD incurred convertible notes of $20,000 with Hillcrest Ridgewood Partners, LLC at 8% per annum maturing July 18, 2024.","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/932021/000149315223025374/0001493152-23-025374-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$20,000"},{"label":"Counterparty","value":"Hillcrest Ridgewood Partners, LLC"},{"label":"Rate","value":"8% per annum"},{"label":"Maturity","value":"July 18, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"000a74d5e93d7189ca82276f71afb512d5f73ab2","claim":"GLOBAL TECHNOLOGIES LTD entered into Securities Purchase Agreement with Hillcrest Ridgewood Partners, LLC (effective 2023-07-18).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/932021/000149315223025374/0001493152-23-025374-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Hillcrest Ridgewood Partners, LLC"},{"label":"Effective","value":"2023-07-18"}],"fact_type":"material_agreement"},{"claim_id":"5491494a4f8dab716abbe518a51ec17b8a1dee1f","claim":"GLOBAL TECHNOLOGIES LTD entered into Convertible Note with Hillcrest Ridgewood Partners, LLC valued at $20,000 (effective 2023-07-18).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/932021/000149315223025374/0001493152-23-025374-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Hillcrest Ridgewood Partners, LLC"},{"label":"Value","value":"$20,000"},{"label":"Effective","value":"2023-07-18"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}