GBT Technologies issues $244,500 convertible note to Redstart; prior $2.3M note converted

GBT Technologies Inc.

Issued convertible promissory note to Redstart Holdings for $244,500 principal; net proceeds $203,750.
Note matures Dec 2022, 2.5% interest; convertible after 180 days at 85% of lowest trading price with 20-day lookback.
Iliad Research & Trading converted its $2,325,000 promissory note in full; no further amounts owed.
Proceeds used for working capital; Redstart granted right of first refusal on future offerings under $150k for 9 months.

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