secwatch.observer — SEC 8-K summary
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Issuer:     GBT Technologies Inc. (GTCH)
CIK:        0001471781
Form:       8-K
Filed at:   2021-09-29T23:59:59+00:00
Accession:  0001731122-21-001608
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1471781/000173112221001608/0001731122-21-001608-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1471781/000173112221001608/e3135_8-k.htm
  HTML page:      https://secwatch.observer/filing/0001731122-21-001608

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