secwatch.observer — SEC 8-K summary
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Issuer:     GLOBAL TECHNOLOGIES LTD (GTLL)
CIK:        0000932021
Form:       8-K/A
Filed at:   2023-07-24T23:59:59+00:00
Accession:  0001493152-23-025374
Event type: debt
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Global Technologies issues $20K convertible note to Hillcrest Ridgewood at $0.0001/share
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/932021/000149315223025374/0001493152-23-025374-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/932021/000149315223025374/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-025374

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