secwatch.observer — SEC 8-K summary
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Issuer:     GLOBAL TECHNOLOGIES LTD (GTLL)
CIK:        0000932021
Form:       8-K
Filed at:   2024-01-31T23:59:59+00:00
Accession:  0001493152-24-004431
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/932021/000149315224004431/0001493152-24-004431-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/932021/000149315224004431/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-004431

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