{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-027883","form_type":"8-K","ticker":"GTLL","cik":"0000932021","company_name":"GLOBAL TECHNOLOGIES LTD","filed_at":"2026-06-09T17:12:07+00:00","discovered_at":"2026-06-09T17:13:00.407062+00:00","generated_at":"2026-06-09T17:13:21.492940+00:00","sec_items":["1.01","3.02","5.02","5.03","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"GTLL signs binding LOI with FORCARA, appoints Bill Norton to board, reports $642.8K YTD revenue","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-027883","json":"https://secwatch.observer/filing/0001493152-26-027883.json","markdown":"https://secwatch.observer/filing/0001493152-26-027883.md","text":"https://secwatch.observer/filing/0001493152-26-027883.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/932021/000149315226027883/0001493152-26-027883-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/932021/000149315226027883/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T17:13:21.492940+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f57e61a1d729ab2ceaa8a923af66b3d0f6a7361f","claim":"GLOBAL TECHNOLOGIES LTD issued three shares of preferred stock to H. Wyatt Flippen.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/932021/000149315226027883/0001493152-26-027883-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"preferred stock"},{"label":"Shares","value":"three shares"},{"label":"Purchaser","value":"H. Wyatt Flippen"}],"fact_type":"equity_issuance"},{"claim_id":"23c7575573","claim":"William Norton was appointed as member of the Board of Directors at GLOBAL TECHNOLOGIES LTD.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/932021/000149315226027883/0001493152-26-027883-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"member of the Board of Directors"}],"fact_type":"executive_change"},{"claim_id":"bc991aa5f48ed47c234c416eac373da3f6f18328","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/932021/000149315226027883/0001493152-26-027883-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2026-06-04"}],"fact_type":"governance_change"},{"claim_id":"8872780cef31fece1257a81471c902c85ce26d4c","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/932021/000149315226027883/0001493152-26-027883-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"FORCARA, LLC"},{"label":"Value","value":"$12,500 management fee per month, prorated; 50/50 EBITDA/net operating profit sharing"},{"label":"Effective","value":"2026-06-08"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}