8-K
filed June 9, 2026, 1:12 PM ET
ticker GTLL
CIK 0000932021
other material
confidence high
sentiment neutral
materiality 0.65
GTLL signs binding LOI with FORCARA, appoints Bill Norton to board, reports $642.8K YTD revenue
GLOBAL TECHNOLOGIES LTD
- Revenue $642,822 for nine months ended Mar 31, 2026; cash $38,178.
- Entered binding LOI with FORCARA; interim JV with $12.5k/mo mgmt fee and 50/50 EBITDA split.
- Appointed William Norton to Board; amended compensation to parent level.
- Issued 3 shares of Series K Super Voting Preferred Stock to CEO for governance continuity.
- Adopted new Series R Preferred Stock (250k shares) for flexible equity structure.
Key facts
Extracted from this filing and checked against the source text.
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
GLOBAL TECHNOLOGIES LTD issued three shares of preferred stock to H. Wyatt Flippen.
- Security
- preferred stock
- Shares
- three shares
- Purchaser
- H. Wyatt Flippen
Exact text from the filing
On June 4, 2026, the Board of Directors of Global Technologies, LTD, a Delaware corporation (the “Company”), approved the issuance of three shares of the Company’s Series K Super Voting Preferred Stock to H. Wyatt Flippen, the Company’s Chief Executive Officer and Chairman of the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
William Norton was appointed as member of the Board of Directors at GLOBAL TECHNOLOGIES LTD.
- Action
- appointed
- Role
- member of the Board of Directors
Exact text from the filing
On June 4, 2026, the Board of Directors of the Company appointed William “Bill” Norton to serve as a member of the Company’s Board of Directors, effective immediately.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
GLOBAL TECHNOLOGIES LTD: Approved Certificate of Designation for Series R Preferred Stock, authorizing 250,000 shares, to provide flexible preferred equity structure (effective 2026-06-04).
- Change
- charter amendment
- Effective
- 2026-06-04
Exact text from the filing
On June 4, 2026, the Board of Directors of the Company approved the form of Certificate of Designation for a new series of preferred stock, designated as Series R Preferred Stock, and authorized the Company to file the Certificate of Designation with the Delaware Secretary of State.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
GLOBAL TECHNOLOGIES LTD entered into Binding Letter of Intent with FORCARA, LLC valued at $12,500 management fee per month, prorated; 50/50 EBITDA/net operating profit sharing (effective 2026-06-08).
- Action
- entry
- Counterparty
- FORCARA, LLC
- Value
- $12,500 management fee per month, prorated; 50/50 EBITDA/net operating profit sharing
- Effective
- 2026-06-08
Exact text from the filing
On June 8, 2026, Global Technologies, LTD, a Delaware corporation (the “Company”), entered into a Binding Letter of Intent with FORCARA, LLC (“FORCARA”), a business development and advisory platform focused on supporting automotive repair businesses and related small business operators.
View on SEC.gov
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