GTLL acquires GOe3 in share exchange; GOe3 to own 70% of diluted shares upon milestones

GLOBAL TECHNOLOGIES LTD

GTLL issues New Preferred stock to GOe3 for all 50,750 GOe3 units; GOe3 becomes wholly owned subsidiary.
At closing, 25% of New Preferred issued; milestones trigger additional 75%: GSA contract, $2.5M and $10M in charging station sales.
Upon full conversion, GOe3 will hold 70% of GTLL fully diluted common stock.
Bruce Brimacombe appointed Chairman of GTLL Board and President of GOe3; Fred Kutcher remains CEO of GTLL.
Transaction closed March 15, 2024; intellectual property remains with GOe3.

item 1.01 item 2.03 item 3.02 item 5.02 item 9.01

Executive movements

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Appointed

Bruce Brimacombe

Director and Chairman of the Board

GTLL · GLOBAL TECHNOLOGIES LTD

Effective: 2024-03-15
Filed: March 19, 2024, 7:59 PM ET

On March 15, 2024, Bruce Brimacombe was appointed as a Director and Chairman of the Board of Directors of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Bruce Brimacombe was appointed as Director and Chairman of the Board at GLOBAL TECHNOLOGIES LTD.

Action: appointed
Role: Director and Chairman of the Board

Exact text from the filing

On March 15, 2024, Bruce Brimacombe was appointed as a Director and Chairman of the Board of Directors of the Company.

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

GLOBAL TECHNOLOGIES LTD entered into Share Exchange Agreement with GOe3, LLC (effective 2024-03-15).

Action: entry
Agreement: asset purchase
Counterparty: GOe3, LLC
Effective: 2024-03-15

Exact text from the filing

.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT Share Exchange Agreement As previously disclosed on the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on March 6, 2024, the

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GLOBAL TECHNOLOGIES LTD filing history →

Source: SEC EDGAR

accession 0001493152-24-010527

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