---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-010527"
form_type: "8-K"
ticker: "GTLL"
cik: "0000932021"
company_name: "GLOBAL TECHNOLOGIES LTD"
filed_at: "2024-03-19T23:59:59+00:00"
generated_at: "2026-06-04T14:24:43.079215+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-010527
- form_type: 8-K
- ticker: GTLL
- cik: 0000932021
- company_name: GLOBAL TECHNOLOGIES LTD
- filed_at: 2024-03-19T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/932021/000149315224010527/0001493152-24-010527-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/932021/000149315224010527/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-010527
- JSON: https://secwatch.observer/filing/0001493152-24-010527.json
- Plain text: https://secwatch.observer/filing/0001493152-24-010527.txt

## Key facts
- Executive change
  Bruce Brimacombe was appointed as Director and Chairman of the Board at GLOBAL TECHNOLOGIES LTD.
  - Action: appointed
  - Role: Director and Chairman of the Board
  source text: On March 15, 2024, Bruce Brimacombe was appointed as a Director and Chairman of the Board of Directors of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/932021/000149315224010527/0001493152-24-010527-index.htm
- Material Agreements
  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
  source text: .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
  evidence_url: https://www.sec.gov/Archives/edgar/data/932021/000149315224010527/0001493152-24-010527-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.