secwatch.observer — SEC 8-K summary
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Issuer:     GBT Technologies Inc. (GTCH)
CIK:        0001471781
Form:       8-K
Filed at:   2021-08-23T23:59:59+00:00
Accession:  0001731122-21-001423
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GBT Technologies extends convertible note with Iliad to Dec 31, 2021; principal reduced to $345,776
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- Fifth extension of $2.325M convertible note; maturity now December 31, 2021.
- Principal reduced to $345,776.40 after $1,000 extension fee applied.
- Conversion price is 80% of lowest 20-day VWAP; ownership capped at 9.99%.
- Note originally issued Feb 2019; previous extensions in Feb/Jul 2020, Feb/May 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1471781/000173112221001423/0001731122-21-001423-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1471781/000173112221001423/e3055_8-k.htm
  HTML page:      https://secwatch.observer/filing/0001731122-21-001423

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer