---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-012914"
form_type: "8-K"
ticker: "GTLL"
cik: "0000932021"
company_name: "GLOBAL TECHNOLOGIES LTD"
filed_at: "2024-04-03T23:59:59+00:00"
generated_at: "2026-06-04T03:14:02.919612+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Global Technologies closes $3.72M sale of Georgia commercial property; contingent stock obligation canceled

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-012914
- form_type: 8-K
- ticker: GTLL
- cik: 0000932021
- company_name: GLOBAL TECHNOLOGIES LTD
- filed_at: 2024-04-03T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/932021/000149315224012914/0001493152-24-012914-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/932021/000149315224012914/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-012914
- JSON: https://secwatch.observer/filing/0001493152-24-012914.json
- Plain text: https://secwatch.observer/filing/0001493152-24-012914.txt

## Key facts
- M&A Transactions
  GLOBAL TECHNOLOGIES LTD completed a disposition for $3,717,778 (closed 2024-03-26).
  - Action: disposition
  - Consideration: $3,717,778
  - Closing: 2024-03-26
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/932021/000149315224012914/0001493152-24-012914-index.htm

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