secwatch.observer — SEC 8-K summary
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Issuer:     GLOBAL TECHNOLOGIES LTD (GTLL)
CIK:        0000932021
Form:       8-K
Filed at:   2023-11-27T23:59:59+00:00
Accession:  0001493152-23-042782
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/932021/000149315223042782/0001493152-23-042782-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/932021/000149315223042782/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-042782

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer