GLOBAL TECHNOLOGIES LTD (GTLL): M&A transaction — Global Technologies closes $3.72M sale of Georgia commercial property; contingent stock obligation canceled

GLOBAL TECHNOLOGIES LTD

Sold commercial building in Sylvester, GA for aggregate cash of $3,717,778; closed March 26, 2024.
Net proceeds to be used for operational expenses, supporting 10 Fold Services and GOe3 businesses.
Contingent consideration of 680 Series L Preferred shares to TXC Services terminated as milestones not met.
Building was acquired through Foxx Trot Tango, LLC purchase in June 2023.
CEO Fredrick Cutcher calls sale another successful transaction for 2024.

item 2.01 item 2.03 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

GLOBAL TECHNOLOGIES LTD completed a disposition for $3,717,778 (closed 2024-03-26).

Action: disposition
Consideration: $3,717,778
Closing: 2024-03-26

Exact text from the filing

On March 26, 2024 (the “Closing Date”), the Company closed on the sale of its commercial building located in Sylvester, Georgia for an aggregate cash purchase price of $3,717,778, subject to certain adjustments within the Purchase Agreement.

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31 m&a transactions filed in the last 30 days. Browse all m&a transactions →

GLOBAL TECHNOLOGIES LTD filing history →

Source: SEC EDGAR

accession 0001493152-24-012914

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