8-K
filed April 22, 2024, 7:59 PM ET
CIK 0001848821
M&A
confidence high
sentiment neutral
materiality 0.85
GTAC completes change of control; HCG Opportunity acquires sponsor shares and new board appointed
Global Technology Acquisition Corp. I
- HCG Opportunity II acquired 3.5M Class B shares and 7.35M private placement warrants from sponsor.
- Sponsor retained 3.15M warrants, 1.3M non-redeemable Class A shares, and 164K Class B shares.
- All former directors and officers resigned; Thomas Hennessy named CEO/Chairman, Nicholas Geeza CFO.
- Sponsor promissory note ($1.5M max, $525K outstanding) cancelled and extinguished at closing.
- Investment period extended to July 25, 2024 via $0.10 per Class A share deposit into trust.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 1.0
Gloria Fu was appointed as Independent Director at Global Technology Acquisition Corp. I.
- Action
- appointed
- Role
- Independent Director
Exact text from the filing
Joseph Beck, Garth Mitchell, Gloria Fu, Courtney Robinson and Javier Saade were each appointed as independent directors of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Thomas D. Hennessy was appointed as Chairman and Chief Executive Officer at Global Technology Acquisition Corp. I.
- Action
- appointed
- Role
- Chairman and Chief Executive Officer
Exact text from the filing
(i) Thomas D. Hennessy - Chairman and Chief Executive Officer of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Courtney Robinson was appointed as Independent Director at Global Technology Acquisition Corp. I.
- Action
- appointed
- Role
- Independent Director
Exact text from the filing
Joseph Beck, Garth Mitchell, Gloria Fu, Courtney Robinson and Javier Saade were each appointed as independent directors of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Nicholas Geeza was appointed as Chief Financial Officer at Global Technology Acquisition Corp. I.
- Action
- appointed
- Role
- Chief Financial Officer
Exact text from the filing
(ii) Nicholas Geeza - Chief Financial Officer of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Javier Saade was appointed as Independent Director at Global Technology Acquisition Corp. I.
- Action
- appointed
- Role
- Independent Director
Exact text from the filing
Joseph Beck, Garth Mitchell, Gloria Fu, Courtney Robinson and Javier Saade were each appointed as independent directors of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Garth Mitchell was appointed as Independent Director at Global Technology Acquisition Corp. I.
- Action
- appointed
- Role
- Independent Director
Exact text from the filing
Joseph Beck, Garth Mitchell, Gloria Fu, Courtney Robinson and Javier Saade were each appointed as independent directors of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Joseph Beck was appointed as Independent Director at Global Technology Acquisition Corp. I.
- Action
- appointed
- Role
- Independent Director
Exact text from the filing
Joseph Beck, Garth Mitchell, Gloria Fu, Courtney Robinson and Javier Saade were each appointed as independent directors of the Company
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.99
Global Technology Acquisition Corp. I terminated Sponsor Promissory Note with the Sponsor.
- Action
- termination
- Counterparty
- the Sponsor
Exact text from the filing
Pursuant to the Purchase Agreement, the Sponsor Promissory Note was cancelled and extinguished in its entirety, and all amounts owed under the Sponsor Promissory Note was deemed satisfied in full as of the Closing Date.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.99
Global Technology Acquisition Corp. I amended Amendment with the Insiders and HCG Opportunity.
- Action
- amendment
- Counterparty
- the Insiders and HCG Opportunity
Exact text from the filing
Concurrent with the Closing, on the Closing Date, the Company entered into the Amendment with the Insiders and HCG Opportunity.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.97
Global Technology Acquisition Corp. I entered into Purchase Agreement with HCG Opportunity.
- Action
- entry
- Counterparty
- HCG Opportunity
Exact text from the filing
The foregoing description of the Purchase Agreement is qualified in its entirely by reference to the full text of the Purchase Agreement, a copy of which is filed with this Current Report on Form 8-K as Exhibit 10.1 and is incorporated by reference herein.
View on SEC.gov
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