GTII to acquire AIversity (Traders GPT) via merger; issues Series B Preferred with super voting rights

GLOBAL TECH INDUSTRIES GROUP, INC.

Merger agreement signed Jan 9, 2025: GTII Merger Sub merges into AIversity, making it a wholly-owned subsidiary.
Consideration: 1,000 shares of newly created Series B Preferred Stock issued to AIversity shareholder.
Series B Preferred has super-voting rights equal to 100% of total combined vote, plus $4M liquidation preference.
Closing requires court approval from receivership proceeding and customary conditions; receiver sees no impediment.
Certificate of Designation for Series B Preferred filed with Nevada on Dec 30, 2024.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

GLOBAL TECH INDUSTRIES GROUP, INC.: Established Series B Preferred Stock via Certificate of Designation filed with Nevada on December 30, 2024 (effective 2024-12-30).

Change: charter amendment
Effective: 2024-12-30

Exact text from the filing

On December 30, 2024, the Company filed with the State of Nevada a Certificate of Designation (the “Certificate of Designation”), which established a Series B Preferred Stock

View on SEC.gov

Browse all governance changes →

Source: SEC EDGAR

accession 0001493152-25-001991

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.