---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-015934"
form_type: "8-K"
ticker: null
cik: "0001848821"
company_name: "Global Technology Acquisition Corp. I"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T08:12:56.721829+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# GTAC secures up to $2.5M promissory note from sponsor; draws $225K to extend deadline to July 25, 2024

## Summary
- Issued unsecured promissory note to sponsor HCG Opportunity II, LLC for up to $2.5M working capital and trust deposits.
- Initial draw of $225K; $209K deposited into trust to extend Business Combination deadline by three months to July 25, 2024.
- Note bears no interest; repayable upon Business Combination or trust liquidation, or earlier upon default.
- Sponsor may convert principal into private placement warrants at $1.00 per warrant upon a Business Combination.

## SEC filing metadata
- accession: 0001493152-24-015934
- form_type: 8-K
- cik: 0001848821
- company_name: Global Technology Acquisition Corp. I
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1848821/000149315224015934/0001493152-24-015934-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1848821/000149315224015934/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-015934
- JSON: https://secwatch.observer/filing/0001493152-24-015934.json
- Plain text: https://secwatch.observer/filing/0001493152-24-015934.txt

## Key facts
- Debt Financings
  Global Technology Acquisition Corp. I incurred loan of $225,000 with HCG Opportunity II, LLC at does not bear interest maturing upon the earlier of: (i) the date that the Company consummates a Business Combination and (ii) the date on which the Company liquidates the Trust Account upon t.
  - Instrument: loan
  - Principal: $225,000
  - Counterparty: HCG Opportunity II, LLC
  - Rate: does not bear interest
  - Maturity: upon the earlier of: (i) the date that the Company consummates a Business Combination and (ii) the date on which the Company liquidates the Trust Account upon t
  - Event: incurrence
  source text: On April 25, 2024, the Company borrowed $225,000 under the Note and deposited $209,000 into the Trust Account to fund the initial three-month extension of the Company’s termination date until July 25, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1848821/000149315224015934/0001493152-24-015934-index.htm
- Debt Financings
  Global Technology Acquisition Corp. I incurred loan of up to an aggregate of $2,500,000 with HCG Opportunity II, LLC at does not bear interest maturing upon the earlier of: (i) the date that the Company consummates a Business Combination and (ii) the date on which the Company liquidates the Trust Account upon t.
  - Instrument: loan
  - Principal: up to an aggregate of $2,500,000
  - Counterparty: HCG Opportunity II, LLC
  - Rate: does not bear interest
  - Maturity: upon the earlier of: (i) the date that the Company consummates a Business Combination and (ii) the date on which the Company liquidates the Trust Account upon t
  - Event: incurrence
  source text: On April 24, 2024, Global Technology Acquisition Corp. I (the “Company”) issued an unsecured promissory note (the “Note”) to HCG Opportunity II, LLC, the Company’s sponsor (“Sponsor”), which provides for borrowings from time to time of up to an aggregate of $2,500,000 for working capital purposes and/or to finance additional deposits into the Company’s trust account
  evidence_url: https://www.sec.gov/Archives/edgar/data/1848821/000149315224015934/0001493152-24-015934-index.htm
- Material Agreements
  Global Technology Acquisition Corp. I entered into Note with HCG Opportunity II, LLC valued at up to an aggregate of $2,500,000 (effective 2024-04-24).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: HCG Opportunity II, LLC
  - Value: up to an aggregate of $2,500,000
  - Effective: 2024-04-24
  source text: On April 24, 2024, Global Technology Acquisition Corp. I (the “Company”) issued an unsecured promissory note (the “Note”) to HCG Opportunity II, LLC, the Company’s sponsor (“Sponsor”), which provides for borrowings from time to time of up to an aggregate of $2,500,000 for working capital purposes and/or to finance additional deposits into the Company’s trust account
  evidence_url: https://www.sec.gov/Archives/edgar/data/1848821/000149315224015934/0001493152-24-015934-index.htm

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