secwatch.observer — SEC 8-K summary
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Issuer:     GBT Technologies Inc. (GTCH)
CIK:        0001471781
Form:       8-K
Filed at:   2021-12-20T23:59:59+00:00
Accession:  0001731122-21-002158
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GBT Technologies enters $10M equity financing agreement with GHS Investments; shares sold at 90% of VWAP
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- Up to $10M of common stock to be sold to GHS Investments LLC over 24 months via at-the-money puts.
- Purchase price set at 90% of the lowest daily VWAP during the 10 consecutive trading days before each put notice.
- Minimum put of $10K, maximum $500K per put; puts limited to every 10 trading days.
- GHS ownership capped at 4.99% of outstanding common stock at any time.
- Company will file registration statement covering resale of shares within specified time.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1471781/000173112221002158/0001731122-21-002158-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1471781/000173112221002158/e3369_8k.htm
  HTML page:      https://secwatch.observer/filing/0001731122-21-002158

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