Global Technologies acquires CRM sales platform from Jetco for Series L Preferred stock and revenue-based earn-out

GLOBAL TECHNOLOGIES LTD

At closing, issued 25 shares of Series L Preferred Stock to Seller.
Seller receives 50% net revenue from sales generated through 10 Fold using the platform, excluding GOe3, LLC.
Additional Preferred shares issuable at $500k, $1M, and $2M net sales milestones.
Transaction closed January 25, 2024.
Formed subsidiary 10 Fold Services, LLC in Wyoming on Nov 22, 2023.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

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 Asset Purchase Agreement with Jetco Holdings, LLC (the "Seller") (effective 2024-01-25).

Action: entry
Agreement: asset purchase
Counterparty: Jetco Holdings, LLC (the "Seller")
Effective: 2024-01-25

Exact text from the filing

On January 25, 2024, the Company and its wholly owned subsidiary, 10 Fold Services, LLC (“10 Fold”), (collectively, the “Buyers”) and Jetco Holdings, LLC (the “Seller”) (together, the “Parties”) entered into an Asset Purchase Agreement (the “Agreement”) for the purchase of a Customer Relationship Management Sales Platform (the “Purchased Asset”).

View on SEC.gov

283 material agreements filed in the last 30 days. Browse all material agreements →

GLOBAL TECHNOLOGIES LTD filing history →

Source: SEC EDGAR

accession 0001493152-24-004431

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.