secwatch.observer — SEC 8-K summary
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Issuer:     GLOBAL TECHNOLOGIES LTD (GTLL)
CIK:        0000932021
Form:       8-K
Filed at:   2025-09-03T23:59:59+00:00
Accession:  0001641172-25-026434
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Global Technologies raises up to $750k via Series P Preferred with revenue sharing
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/932021/000164117225026434/0001641172-25-026434-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/932021/000164117225026434/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-026434

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