---
schema_version: "secwatch.filing_event.v1"
accession: "0001731122-21-002207"
form_type: "8-K"
ticker: "GTCH"
cik: "0001471781"
company_name: "GBT Technologies Inc."
filed_at: "2021-12-28T23:59:59+00:00"
generated_at: "2026-06-27T22:06:45.114711+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# GBT Technologies settles SURG debt disputes; SURG to pay $4.2M by Jan 7, 2022

## Summary
- Final Settlement Agreement dated Dec 22, 2021 resolves two lawsuits with AltCorp/Stanley over SURG APA consideration.
- SURG agrees to pay $4,200,000 total to Stanley, with $3,650,000 due by Jan 7, 2022; $375,000 placed in escrow.
- Escrow released to GBT if it wins a separate lawsuit (GBT Lawsuit); otherwise GBT must cover defendants' fees.
- SURG acquires GBT's rights to a Master Distribution and Service Agreement (MDA) under certain conditions.
- Lawsuits to be dismissed within 3 trading days after final payment; full mutual release of claims.

## SEC filing metadata
- accession: 0001731122-21-002207
- form_type: 8-K
- ticker: GTCH
- cik: 0001471781
- company_name: GBT Technologies Inc.
- filed_at: 2021-12-28T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1471781/000173112221002207/0001731122-21-002207-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1471781/000173112221002207/e3390_8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-21-002207
- JSON: https://secwatch.observer/filing/0001731122-21-002207.json
- Plain text: https://secwatch.observer/filing/0001731122-21-002207.txt

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