other_material
confidence high
sentiment neutral
materiality 0.60
Global Technologies raises up to $750k via Series P Preferred with revenue sharing
GLOBAL TECHNOLOGIES LTD
- Company entered into Series P Preferred Stock Subscription Agreement for up to $750,000 at $1.00/share; 200,000 shares subscribed as of filing.
- Each share converts into one common share, carries 1,000 votes, 6-month lock-up, and liquidation preference senior to common.
- Quarterly revenue share: 5% net rev from Primecare Supply & PulseAi, 5% gross from GTLL Advisory, until holders receive 200% of investment.
- Certificate of Designation authorizing 750,000 Series P shares approved by board, to be filed with Delaware Secretary of State by Sept 5.
item 1.01item 3.02item 5.03item 7.01item 9.01