---
schema_version: "secwatch.filing_event.v1"
accession: "0001731122-21-001608"
form_type: "8-K"
ticker: "GTCH"
cik: "0001471781"
company_name: "GBT Technologies Inc."
filed_at: "2021-09-29T23:59:59+00:00"
generated_at: "2026-06-29T00:40:38.403398+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001731122-21-001608
- form_type: 8-K
- ticker: GTCH
- cik: 0001471781
- company_name: GBT Technologies Inc.
- filed_at: 2021-09-29T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1471781/000173112221001608/0001731122-21-001608-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1471781/000173112221001608/e3135_8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-21-001608
- JSON: https://secwatch.observer/filing/0001731122-21-001608.json
- Plain text: https://secwatch.observer/filing/0001731122-21-001608.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.