GTLL raises $30K via Series L Preferred sale to Jetco Holdings

GLOBAL TECHNOLOGIES LTD

Jetco Holdings bought 6 shares of Series L Preferred for $30,000; closed Nov 21, 2023.
Proceeds earmarked for general working capital purposes.
Securities issued via Rule 506(b) to accredited investor; restricted legend applies.
Series L Preferred convertible into common stock (GTLL); conversion terms per designation.
Company covenants to maintain 1934 Act reporting and avoid OTC Markets negative designations.

Key facts

Extracted from this filing and checked against the source text.

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

GLOBAL TECHNOLOGIES LTD entered into Securities Purchase Agreement with Jetco Holdings, LLC valued at $30,000 (effective 2023-11-17).

Action: entry
Agreement: equity purchase
Counterparty: Jetco Holdings, LLC
Value: $30,000
Effective: 2023-11-17

Exact text from the filing

On November 17, 2023, the Company entered into a Securities Purchase Agreement (the “Agreement”) with Jetco Holdings, LLC (the “Purchaser”). Under the terms of the Agreement, the Purchaser acquired six shares of the Company’s Series L Preferred Stock for the purchase price of $30,000.

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GLOBAL TECHNOLOGIES LTD filing history →

Source: SEC EDGAR

accession 0001493152-23-042782

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